Retail Payments Fraud: How Consumers and Banks Can Fight Back
Fico Collections
APRIL 29, 2022
Nearly 18 million Americans were defrauded through scams involving digital wallets and person-to-person apps in 2020, according to Javelin Strategy & Research, an industry consultant. About 56,000 romance scams, totaling $139 million in losses, were reported to the Federal Trade Commission last year, according to agency data.
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