Fintech Finance
NOVEMBER 13, 2024
Essentially, APP fraud is any type of fraud that uses an Authorised Push Payment – whenever a person is tricked into voluntarily sending a payment to another person. It is estimated that criminals stole £580 million in the first half of 2023, a staggering figure that is likely to grow more each year.
The Fintech Times
AUGUST 2, 2024
“Notably, while other types of APP scams are declining, romance scams are on the rise, indicating a pressing need for increased efforts to combat these crimes. The government must intensify its awareness campaigns, and payment firms need to enhance their protective measures.
PYMNTS
FEBRUARY 14, 2020
Cross-Border Payments: Cross-border transfers over SWIFT’s global payments innovation (also known as gpi) topped $77 trillion last year, almost double the $40 trillion that moved through the service in 2018. B2B Targeted: The FBI reports that Business email compromise (BEC) scams are on the rise.
Expert insights. Personalized for you.
98 
Let's personalize your content