Real-Time Payments Survey Reveals Growth in Usage - and Scams
Fico Collections
APRIL 20, 2023
environment is not faring any better; according to the US Federal Trade Commission (FTC) , US consumers lost at least $8.8 billion in scams in 2022, a 30% increase over 2021. In 2022, UK Finance reported that nearly 41% of fraud losses were due to APP fraud, where individuals are conned into sending funds via RTP to criminals.
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