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A Call for Better Push-Payment Scam Prevention In Light of Liability Shifting from Customers to Banks

A Call for Better Push-Payment Scam Prevention In Light of Liability Shifting from Customers to Banks

APP (Authorized Push Payment) fraud is turning out to be a widespread menace with the UK being the most affected, according to the UK consumer rights champion When a business or an individual gets tricked into sending money to a fraudulent account to pay for goods or services it is a fraud. Businesses and individuals are scammed when criminals send seemingly legitimate invoices to business professionals with requests for payment.

How it works: Location Based Authentication

How it works: Location Based Authentication

When an unauthorized charge is made in a location other than the one specified by customer, it can be detected automatically. See how location based authentication works in detecting fraud.

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