Fighting Scams and Authorized Push Payment Fraud in the US
FICO
NOVEMBER 7, 2022
For the P2P app Zelle specifically, banks recently stated that the vast majority of transactions “had no associated reports of fraud or scams” and that other P2P apps have 3-6x more disputed transactions in comparison. Enable multifactor authentication (MFA), avoiding text or email for one-time passcode sharing whenever possible.
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