Strategies to Prevent Fraud in Instant Transactions

As businesses increasingly adopt faster payment methods, they're also encountering a new wave of fraud risks. In the US alone, authorized push payment fraud via real-time payment rails is expected to increase to $2.06 billion by 2028. This session will explore key trends emerging in near real-time payments and the growing threat from fraud. We will examine the latest fraud vectors, including APP, and the emerging strategies for combating these evolving threats. Speakers discuss how institutions are increasingly adopting a multi-layered approach that includes advanced fraud detection technologies such as monitoring transactions in real-time, identifying suspicious patterns, and flagging potentially fraudulent activities. Attendees come away understanding the importance of implementing robust multi-factor authentication and exploring innovative methods.