Tag: Elder Abuse

Explore how elder abuse affects payments and banking, including financial exploitation risks, fraud schemes targeting seniors, reporting requirements, and safeguards financial institutions use to protect vulnerable customers.

FTC Data Shows Scams Are Taking a Considerable Toll on Seniors

by Wesley Grant

October 23, 2026

Anyone can fall victim to a scam, but adults over 60 are especially vulnerable—and often face more substantial financial losses. ...

New Tools Available in the Fight Against Elder Fraud

by Tom Nawrocki

June 13, 2025

Nacha is expanding its support for banks and financial institutions in addressing elder financial abuse. The organization’s Payments Innovation Alliance ...