Elder Abuse, Scams and Wires

Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors

PYMNTS

JANUARY 25, 2019

Fake Grandchild Scam. Among the most common methods of fraud is the fake grandchild scam. PYMNTS readers no doubt know how the scam works, but Experian provided a helpful explanation. Victims can end up wiring money to the scammers as a result.”. Other Scams. Bank Defense.

Scams

Scams Federal Trade Commission Treasury Fraud Prevention

Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

JULY 25, 2019

Elder financial exploitation is a common issue throughout the United States. A study published in the American Journal of Public Health found that more than 5% of the elderly population experiences some kind of fraud or scam every year. incidents of elder financial exploitation were committed in 2017 alone.

FinTech

FinTech Online and Mobile Banking Elder Abuse On-Demand

Payments Space

Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors

Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

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