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. Smaller but equally damaging scams include romance scams, which target emotional vulnerability and trust.

Scams 88

Scams Romance Scams Phishing Volume 88

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. Smaller but equally damaging scams include romance scams, which target emotional vulnerability and trust.

Scams 88

Scams Romance Scams Crime Online and Mobile Banking 88

The Payments Association

OCTOBER 28, 2024

While banks and payment providers are making strides in fraud detection and prevention, the report stresses the need for more robust collaboration with technology and telecom sectors. This underscores the urgent need for payment leaders to engage in wider partnerships to combat the evolving fraud landscape.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

FICO

FEBRUARY 19, 2020

It is not a new type of fraud, but the speed in which criminals can access the money they have scammed and the irrevocable nature of such payments makes it more attractive. Money Laundering and the Rise of the Money Mule. To do this, criminals need access to many accounts to hop their ill-gotten gains through the system.

Real Time Payments 92

Real Time Payments Financial Crimes Crime Account Takeovers 92

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.”

Scams 59

Scams Finance Push-to-Card Romance Scams 59

Seon

APRIL 18, 2024

Scale Your Defenses Meet fraud’s increasing volume and velocity Speak with an Expert Adding Fuel to the Fire: Real-Time Payments In the last two years, 77% of APP fraud cases originated from online sources, impacting roughly 85% of worldwide organizations.

Authorization 52

Authorization Technology Fraud Prevention Real Time Payments 52