A survey revealed that more than 80 percent of organizations – including financial institutions and other businesses – suffered from payments fraud in 2018. Fraud was also more common among larger institutions: 87 percent of those with revenue more than $1 billion experienced fraud compared to 69 percent of those with less revenue.In addition, business email compromise (BEC) scams increased last year, with more than half reporting financial losses as a result. BEC scams are used to gain access to a business email account and imitate the owner’s identity in an effort to defraud a company.While checks are most likely to be impacted by fraud, organizations reporting check fraud continues to decline. Fraud activity related to ACH debit and credit is on the rise.The report, released by the Association for Financial Professionals and sponsored by J.P. Morgan, included responses from more than 600 treasury and finance professionals. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
William Earl May, 83, of Rexville passed away at 11:59am, Saturday, April 6, 2019 at St. Vincent Hospital in Indianapolis. He was born near Benham on April 13, 1935 the son of William and Alta Tunks May. He was married to Phyllis Wright on June 2, 1957 and his wife of 61 years survives. Other survivors include two daughters Deborah (John) Mercer of Jamestown, and Janet (Ron) Linkmeyer of Friendship; three grandchildren Eric (Monica) Adams of Brownstown, Elizabeth Mercer of Greenfield, and Jodi (Patrick) Stockton of San Antonio, Texas; five great-grandchildren Lane, Clara, and Graham Adams, and Riley and Jackson Stockton; one sister Lora Swinney of North Vernon. He was preceded in death by his parents, his brothers Stanley, Leroy, Russell, and Estol May, and his sisters Lila Zeigler and Evelyn Meek. Mr. May was a 39 year employee of Bohn Aluminum in Greensburg where he worked in machine set-up, retiring in 1995. He enjoyed spending time with his grandchildren and great-grandchildren, fishing, woodworking, making corn hole games, gardening, and helping others. Earl was a 71 year member of the Shelby Christian Church and had served as a deacon for 55 years. He had spent last several years serving as the sexton for the Shelby Cemetery and had mowed the cemetery for 13 years. Funeral services will be held on Wednesday, April 10th at 10:30am at the Shelby Christian Church with Tim Heim officiating. Burial will be in the Grandview Memorial Garden near Madison. Visitation will be on Tuesday from 5pm to 8pm at the Stratton-Karsteter Funeral Home in Versailles and from 9:30am until time of services Wednesday at the church. Memorials may be given to the Shelby Christian Church Building Fund or the Shelby Cemetery in care of the funeral home.