Fighting Scams and Authorized Push Payment Fraud in the US
FICO
NOVEMBER 7, 2022
Data from the FTC shows that to date in 2022, consumers report losing $703 million from bank transfers and payments, $90.6 Scammers have identified that the immediate and irrevocable nature of payments through the P2P apps means that if a consumer can be tricked in payment, they can’t claw it back.
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