Faster Payments Irrevocable Payment Scams 
FICO
NOVEMBER 19, 2019
million was lost to APP scams an increase of 71 percent compared to the same period in 2020. This crime has been facilitated by the advent and popularity of UK Faster Payments; we all appreciate the ability to send money instantly – that includes fraudsters.
FICO
NOVEMBER 19, 2019
This crime has been facilitated by the advent and popularity of UK Faster Payments; we all appreciate the ability to send money instantly – that includes fraudsters. As the Which Super Complaint points out, with APP fraud UK consumers and businesses have been left unprotected, compared to other payment methods.
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