FICO

APRIL 8, 2022

For example, to assess a person to person (P2P) money transfer transaction for potential APP fraud, many pieces of customer data are relevant: Device (known or unknown computer, tablet or smartphone). P2P like Zelle, PayPal, Venmo, CashApp). Transaction type (e.g.

Scams 52

Scams TPS Non-Bank Zelle 52

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). Banks can go on the offensive too.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

FICO

NOVEMBER 7, 2022

Senator Elizabeth Warren, (D-MA) pointedly asked him about the number of fraudulent transactions Chase was seeing on the P2P payment platform Zelle. Scams and P2P Payments Are Front and Center. The big question is who should be liable for losses when it comes to P2P scams, and we’re seeing two schools of thought.

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52

Payment Savvy

NOVEMBER 9, 2022

This is where peer-to-peer (P2P) payments come in. P2P payments are electronic payments made between two individuals without needing a financial institution. Many different platforms facilitate P2P payments; Paypal and CashApp are two popular examples. Or what if you want to make a payment without using a bank at all?

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit ACH 98