Payments Industry News

Personalize Your Experience

Archive

On The Front Line of Elder Financial Fraud

Every year on June 15, World Elder Abuse Awareness Day (WEAAD) highlights a crisis that often goes unnoticed until the damage is done. While elder abuse can take many forms—physical, emotional, and neglect—financial exploitation remains the most prevalent and fastest-growing. For banks and credit unions, this is not only a social issue; it is a matter of risk management, regulatory compliance, and customer trust.

As trusted stewards of consumers’ money, financial institutions are uniquely positioned to detect, prevent, and disrupt elder financial abuse across every payment channel—often before losses become irreversible. Click Read More below to learn why financial institutions are a critical line of defense and how you can build an effective elder financial protection program, in the latest blog from Crissy Terry, VP, ePayAdvisors.

Print