Instant Payments: Operational Challenges and Fraud Strategies for Credit Unions

In this webinar, Mark Majeske, SVP of Faster Payments at Alacriti, shared his expertise on the challenges and solutions for integrating instant payments with existing infrastructure. While Andrew Muzzatti, Head of Fraud Product Marketing at Verafin, discussed the latest trends in payments fraud and provide valuable insights into fraud prevention strategies. The speakers also covered:

• Strategies for seamlessly integrating instant payments into credit union operations
• Challenges in managing fraud across payment rails and the difficulties credit unions face with multiple systems and manual processes
• Emerging trends in payments fraud, such as Business Email Compromise (BEC) and elder scams
• What credit unions can do to combat fraud across payment rails using real-life examples
• Top use cases and monetization opportunities for instant payments