PYMNTS

OCTOBER 16, 2020

A financial fraud attack against FIs or businesses occurred every two minutes on average in 2019, resulting in 59,627 attacks in total. 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

PYMNTS

OCTOBER 19, 2020

It is no wonder that payment apps like CashApp , Venmo and Zelle are used by more than 70 percent of Americans. Payment apps like Zelle ultimately rely on a combination of customer vigilance and prevention measures to prevent scams.

Zelle 68

Zelle Scams AI CashApp 68

FICO

NOVEMBER 30, 2022

By convincing individuals to send money through apps like Venmo, CashApp, Zelle and others, or adding a payee for traditional ACH transactions, fraudsters are perpetuating what is known in the financial industry as Authorized Push Payment (APP) fraud (in the UK) or authorized user fraud (in the US). Debbie Cobb.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

FICO

APRIL 8, 2022

Data Orchestration for Fraud Prevention. There has been an awful lot of unsettling news about scams and fraud lately. As it happens, orchestration (of both data and process) is one of the most potent weapons in fighting scams and fraud. P2P like Zelle, PayPal, Venmo, CashApp). A crescendo, even. Specific account.

Scams 52

Scams TPS Non-Bank Zelle 52