The speed that makes instant payment apps such as Zelle and Venmo popular also makes them attractive tools for fraudsters. Bad actors defrauded nearly 18 million Americans through digital wallets and peer-to-peer (P2P) payment scams in 2020, for example. There is currently much debate in...
January 12, 2024
As instant payments become more widely used in the United States, the financial services ecosystem must gird for ever-more-brazen attacks from fraudsters. Nick Fleetwood, head of data services at Form3, said that there’s at least some reference to be gained from the United Kingdom, where there’s a relatively mature instant payments architecture in place as nearly […]
