Financial Crimes Fraud Detection Romance Scams 
The Payments Association
JANUARY 13, 2025
An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Over 340 million was lost to APP scams, affecting trust in payments and digital platforms. Addressing these vulnerabilities demands collaboration across financial institutions, digital platforms, and regulators.
The Payments Association
OCTOBER 28, 2024
Whether through fake profiles, phishing emails, or fraudulent advertisements, criminals are finding new ways to manipulate people into sharing their financial details or authorising payments. Internet banking fraud , once a dominant form of remote fraud, saw a dramatic 37% drop in cases and an 11% reduction in losses.
The Payments Association
APRIL 22, 2025
An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Over 340 million was lost to APP scams, affecting trust in payments and digital platforms. Addressing these vulnerabilities demands collaboration across financial institutions, digital platforms, and regulators.
FICO
FEBRUARY 19, 2020
For many consumers and businesses, the ability to quickly send money directly from their bank account is a win in terms of convenience, but it isn’t without risk, when it comes to fraud and other types of financial crime. How RealTime Payments Impact Financial Crime. Tackling Fraud in Real Time Payments.
FICO
SEPTEMBER 10, 2020
Ongoing economic stress will likely make more people susceptible to the siren song of money muling , which many folks don’t know can be both a federal and state crime. Romance scams , “make $100,000 from your kitchen table” scams and other cons can be made extremely compelling by cunning fraudsters. by TJ Horan.
The Fintech Times
MAY 22, 2024
In this regard, the industry has been leveraging AI and machine learning capabilities for more than a decade now and we are seeing a clear benefit to our customers in areas like payment authorisations, real-time fraud analysis, fraud detection and reducing false positives.”
FICO
JUNE 14, 2022
Innovative Customer Communications for Fraud. Detecting possible fraud is important, but what you do with that suspicion may matter even more. Taking the most strident fraud prevention actions might seem the intuitive answer but suspicion is often unfounded, and most customers are not fraudsters.
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