What Is False Pretense ACH Fraud?

False pretense ACH fraud generally involves transactions authorized because the customer was deceived. The customer may technically authorize payment, but the authorization was obtained through fraud.

Examples

Impersonation scams
Vendor payment diversion
Romance scams
Business email compromise
Urgent fake invoice requests

This category has received increased attention in fraud monitoring discussions.

ACH RiskLens Fraud Monitoring Rules Webinars