Remove Bots Remove Payer Remove Phishing
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When Instant Payments Are Just Payments

PYMNTS

And the devils we know – garden-variety credit and bank fraud , phishing and bot attacks, online identity scams and the rest – may feel more comfortable than the devils we don’t know. That will play out as optionality, and payers are starting to think about what those options will be. Risk vs. Reward.

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Deep Dive: Securing P2P Apps Against Scams And ATOs

PYMNTS

This exposes payers to a greater likelihood of getting swindled should these unknown parties turn out to be malicious. Fraudsters know that consumers have little ability to regain funds lost this way because P2P app transactions lack the chargeback protections that credit cards have.

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