Instant Payments Force Banks to Put Fraud Prevention at the Forefront

Instant Payments Fraud Reaches The Tipping Point

Executives reported a 73% increase in P2P fraud and 44% in instant or real-time payment fraud in the last 12 months, according to PYMNTS data. In this month’s “Digital Fraud Tracker®,” DataVisor CEO Yinglian Xie explains why firms must include security and automation by design as there is no margin for error in real-time transactions.

Inside the December Tracker
  • Christian Santaniello, senior vice president and head of commercial deposits and treasury management at Axos Bank, details how firms can process instant payments securely
  • Studies show consumers will leave merchants for good if they do not have a smooth checkout experience or if they cannot deal with fraud in a friction-free manner
  • Businesses and consumers are demanding stronger customer protections against fraud and scams perpetrated using instant payments, and advanced technologies can help

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