Nacha's Payments Innovation Alliance Seeks Public's Help Fighting Scams Through Video Contest
Federal Trade Commission data shows that consumers reported losing more than $12.5 billion to fraud in 2024, a 25% increase over reported losses in 2023.
'Awareness is the first line of defense against scams,' said Jennifer West, AAP, AFPP, APRP, Senior Director, Payments Innovation Alliance, Education and Accreditation. 'By understanding how scams work and how people are manipulated, we can better protect ourselves and others. This video contest — offering $10,000 in total prize money — empowers everyday individuals to share their stories and insights, helping to educate the public and take a united stand against scams.'
Videos will be judged on their quality, message, content and the criteria detailed in the contest's official rules. Visit https://www.nacha.org/s/spotlight-payments-video-challenge/ to enter and to see a copy of the official rules. Entries are due Aug. 31, 2025. To learn more about the Alliance, visit https://www.nacha.org/payments-innovation-alliance. Winners will be announced through social media channels and a national press release.
The Spotlight! Payments Video Challenge is made possible by the generosity of our Gold Presenter FICO and our Silver Presenters the Center for Payments, Chase, and the Independent Community Bankers of America.
About Nacha
Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.
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