What Is Authorised Push Payment Fraud?
Fico Collections
DECEMBER 5, 2017
Authorised push payment fraud has been made more attractive to criminals since the advent of real-time payment schemes, such as Faster Payments in the UK — crooks can quickly take the money and run. This type of fraud is on the rise – but what is it? And who are the victims? Authorised push payment fraud, also known as APP fraud, happens when fraudsters deceive consumers or individuals at a business to send them a payment under false pretences to a bank account controlled by the fraudster.
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