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ACH Payments Have Lowest Fraud Rate, Fed Survey Finds


Payments fraud “remains rare” in the U.S., with ACH payments having the lowest fraud rate by value, a new Federal Reserve study found.

“Changes in U.S. Payments Fraud from 2012 to 2016: Evidence from the Federal Reserve Payments Study,” released late in 2018, surveyed depository institutions, collecting data for 2012 and 2015. 

It found that payments fraud “represents only a fraction of 1 percent  of the total value or number of payments.” And where ACH is concerned, the Fed reported that “the fraud rate, by value, for ACH payments was low and stable.” 

“ACH payments had the lowest fraud rate, by value, among the payment types, remaining flat at 0.08 basis points in 2012 and 2015,” according to the study. Eight basis points equates to 8 cents for every $10,000 in payments.


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