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Authorised Push Payment (APP) Fraud
Online payments carry a heightened risk of fraud, with the remote nature of transactions making identity verification more challenging. In particular, there’s been a rise in authorised push payment (APP) fraud, which involves voluntarily transferring funds to a fraudster. In this episode of Vixio Regulatory Radar, Vixio Payments Compliance experts Adam Parkinson (Editor) and Jimmie Franklin (Senior Journalist) break down this alarming trend.
Online payments carry a heightened risk of fraud, with the remote nature of transactions making identity verification more challenging. In particular, there’s been a rise in authorised push payment (APP) fraud, which involves voluntarily transferring funds to a fraudster. In this episode of Vixio Regulatory Radar, Vixio Payments Compliance experts Adam Parkinson (Editor) and Jimmie Franklin (Senior Journalist) break down this alarming trend.
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Online payments carry a heightened risk of fraud, with the remote nature of transactions making identity verification more challenging - in particular, there’s been a rise in authorised push payment (APP) fraud, which involves voluntarily transferring funds to a fraudster.
In this episode of Vixio Regulatory Radar, Vixio Payments Compliance experts Adam Parkinson (Editor) and Jimmie Franklin (Senior Journalist) break down this alarming trend.
Key topics covered:
How APP fraud works – Understanding how scammers manipulate victims into transferring funds.
The role of social media – How fraudsters exploit platforms to target individuals and businesses.
Regulatory responses – A look at global efforts to combat APP fraud and protect consumers.
The evolving fraud landscape – Why financial crime is shifting and what to expect in the future.
With financial crime evolving rapidly, understanding these tactics is crucial for businesses, policymakers, and consumers. Tune in for expert insights into how APP fraud reshapes the financial landscape.
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