PYMNTS

OCTOBER 16, 2020

Fighting these threats requires an equally wide range of defenses, says Jamie Armistead, Zelle vice president. Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016.

Zelle 89

Zelle P2P Scams Financial Crimes 89

FICO

NOVEMBER 7, 2022

Also known as scams or authorized user fraud, this multi-billion-dollar global fraud challenge is a real headache for consumers and banks. . Senator Elizabeth Warren, (D-MA) pointedly asked him about the number of fraudulent transactions Chase was seeing on the P2P payment platform Zelle.

Scams 52

Scams Authorization P2P Zelle 52

FICO

NOVEMBER 30, 2022

Fraudsters are opportunistic, and lately they are (unfortunately) finding a lot of success by targeting consumers directly. Consumers are not as worried about APP fraud and scams as they are for other types of fraud, but awareness is growing. In the UK, it accounted for £249 million in consumer losses for the first half of 2022.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

FICO

APRIL 8, 2022

A New York Times story about people being tricked into sending money to fraudsters (known in the UK as authorized push payment [APP] fraud ) on Zelle was one of the top stories for several days running, reverberating across news outlets worldwide. P2P like Zelle, PayPal, Venmo, CashApp). Transaction type (e.g. Specific account.

Scams 52

Scams TPS Non-Bank Zelle 52