NACHA

They are intending to take money from a company, take money from the bank.

And that's what we, as the people that are members of Nietzsche and in the financial industry, we see that most.

First party fraud, very commonly, what we've seen in recent years, especially since the pandemic, is account opening first party fraud.

We had a lot of financial institutions that have really gotten attacked by that.

I've got a friend of mine.

We both sit on the risk management advisory board.

group with NACHA.

And one of the ladies that is with us on that group was, she has shared with us before, but I've really talked with her in depth where she works for an organization that that's their main business is that they have credit cards and the people are making their credit card payments.

I've been with BNY for 12 years.

Uh, very engaged with the industry, so I have the pleasure of sitting on the board of, uh, the Clearing House Payments company, um, as well as Nacha, um, playing a key role in a lot of the infrastructure for US payment systems.

Um, and prior to that, I was actually a corporate treasurer for an in-house bank shared service center for a large multinational, so the end business user-

Yeah