Wire Transfer Fraud

EPCOR's Did You Know video series covering payments changes and updates as well as helpful tips, tricks and things to keep in mind.
As a society in need of sending money faster than traditional methods like mailing a check, wire transfers are considered a safe way to send money. However, their immediacy, irrevocability and high-dollar nature makes them an ideal target for fraudsters.
Financial institutions of all sizes must stay vigilant in their detection and mitigation efforts to protect their account holders and lessen losses.
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