Back to Session Agenda

Authorized Push Payment Fraud & Faster Payments: Combatting Scams


Date 02:15 PM - 03:05 PM (0 hours 50 minutes)
Tuesday, May 07
Practical Strategies

Increasingly, fraudsters are relying on Authorized Push Payment (APP) scams such as Business Email Compromise and Elder Financial Abuse to deceive businesses and consumers. With potentially large payment values, APP scams pose a significant threat to financial institutions and their customers. Join our special panel discussion to explore how the industry is responding with a consortium-based approach, analyzing payment risk on both sides of a transaction to prevent funds from leaving a victim’s account and root out money mules from the banking industry.