Digital Payments FTC Scams 
Tearsheet
JANUARY 28, 2025
Their customers, who depend on those local banking relationships, are already underserved by the broader financial system and would be left further behind by the shift towards digital payments. Last year, the FTC received 2.6 million fraud reports with only 5% of those scams occurring through P2P networks.
Finextra
JUNE 26, 2025
This digital accessibility, however, also presents a fertile ground for fraudulent activities, impacting millions of individuals annually and resulting in significant financial harm. The global digital payment landscape is experiencing a period of explosive growth, with e-retail sales projected to approach $8 trillion by 2025.
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Finextra
JUNE 26, 2025
This digital accessibility, however, also presents a fertile ground for fraudulent activities, impacting millions of individuals annually and resulting in significant financial harm. The global digital payment landscape is experiencing a period of explosive growth, with e-retail sales projected to approach $8 trillion by 2025.
Payments Dive
JULY 9, 2025
Debit prepaid card program disbursing non-benefit payments. Slater advised Treasury to expand those two programs, as well as its Pay.Gov website that accepts digital payments, to respond to the latest executive order for moving remaining paper checks to digital forms. Sign up A valid email address is required.
FICO
NOVEMBER 24, 2020
The fraud problem has gone viral - consumers have filed more than 130,000 reports of fraud to the FTC and have lost $182 million to these activities during the pandemic. Payment card fraud, identity theft , account takeover and digital payment fraud have all increased significantly since March 2020.
PYMNTS
MAY 21, 2020
The new Preventing Financial Crimes Playbook explores the latest financial crime developments, including a rise in financial fraud related to the ongoing COVID-19 pandemic, new threats targeting digital payment apps and guidance from PNC Financial Services on how multilayered defense systems can help curb the tide of digital scams.
FICO
MARCH 30, 2023
The government is so concerned about cash disappearing they have written legislation that would require retailers to accept cash payments. And even though digital payments have exploded in the past few years, attempts to take economies entirely cashless, such as in India, met resistance and were rolled back.
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