Episode 257 - Scams, Stings, and Swindles in Payments - Catching up with David Maimon, SentiLink
Payments on Fire™
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The Check Fraud Epidemic
This chapter investigates the alarming rise of check fraud in the U.S. since mid-2021, detailing the methods used by scammers to target individuals and institutions. It analyzes data from various sources and discusses the evolution of fraud techniques, including identity theft and the manufacturing of counterfeit checks. The conversation highlights the urgent need for technological improvements to address vulnerabilities in legacy payment systems and combat the sophisticated methods employed by organized crime.
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