Payment scams and the fraudsters who perpetrate them are everywhere. And as we speed up payments, the ability to send money from one account to another in near real-time, there’s a lot to like for users. And for fraudsters.
Scammers love it when they convince us to send them money from our own accounts. This is called authorized push payment fraud and it is a growing problem.
To shed light on APP fraud, its impact, and some approaches to detecting fraudster coercion and the misdirected payments it causes, join Glenbrook’s George Peabody and PJ Rohall, Fraud Subject Matter Expert at Featurespace, a fraud management software company. PJ is also the co-founder of About Fraud.Com, a community site for the fraud management industry.
In this episode George and PJ discuss the growth of APP fraud, the range of scam types, and a few techniques to detect and deter it. You’ll hear him describe examples of the impact APP fraud has caused on individuals, many least able to weather this kind of financial damage. Psychological damage is real.
Then come to the Payments on Fire® website for:
Payments Data with Russ Jones
Marwan Forzley, Align Commerce, and the Evolution of Blockchain Business
Sensibill - Redefining Digital Receipts for FIs
Machine Learning in Fraud Management
Biometrics, Big Data, and Tossing the Password
The Merchant's Challenge with Chargebacks
Shoptalk Conference 2016
A Large Merchant's Focus on its Payments Strategy
Data Analytics, Lending, and the Next 100 Million Borrowers
On Internet Money - Talking Circle.com with Jeremy Allaire
Expanding the Smart Card's Role
Bitcoin 3.0 - Permissioned Blockchains
Networks Put Their Money on Checkout for Mobile
Interchange Regulation Comes to Europe
Faster Payments in the US
Who Are You, Really? - FIDO's Biometric Authentication
What's Next for EMV - Beyond the Liability Shift
PoF 26 - Maybe It's 3D Secure, After All
PoF 25 - Directory Service for Virtual Currencies
PoF 24 - EMV, the Small Business, and New Ways to Pay
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