Remove FedNow Remove Payee Remove Romance Scams
article thumbnail

How Advanced Technology is Driving Authorized Push Payment Fraud

Seon

Often, the fraudsters enter through impersonation, a romance scam or another type of social engineering fraud scam. The widespread adoption of real-time payments and regulations, including FedNow in the US and the European Union’s revised Payment Services Regulation (PSR) last summer, has further exacerbated this fraud.