Patco ACH Fraud Case: Banks Need To Take Stronger Security…
Posted on 16 July 2012 by
What’s a “commercially reasonable” amount of security for a bank? We got one answer last week when a federal appeals court reversed a lower court’s ruling on the Automated Clearing House (ACH) fraud dispute between Patco Construction and Ocean Bank. Patco sued Ocean Bank for having “commercially unreasonable” security in place after Patco lost more […]
