As Money Moves Faster, So Does Fraud: How Strategic Friction in the Process Can Mitigate Nefarious Activities

This timely panel will look at how fraud has grown as payments speed has increased and will provide solutions and actionable steps for reducing fraud in in the faster payment sector. Panelists will differentiate between fraud and scams and the methods of disputing and resolving fraud depending on the payment rail, discuss the role education has in fraud prevention, review controls banks and fintechs should implement to mitigate fraud, and examine how counterintuitive measures, such as additional friction in the process, can assuage risks of fraudulent behavior.