Fraud in the World of Real-Time Payments

Real-time payments mean real-time fraud – how will you adapt your fraud strategies?

The roll out of real-time payment schemes has bought advantages to criminals as well as to people and businesses. Those countries that have already adopted real-time payment schemes have seen a rise in fraud including authorised push payment fraud and account takeover as well as a rise in money laundering, particularly the use of mule accounts. 

This executive brief looks at the impact of real-time payments on fraud and examines the changes to fraud strategy and solutions to keep it under control including:

• The need to assess payments for fraud in real-time.
• How to protect customers from authorised push payment fraud.
• The machine learning approaches that can underpin a successful fraud strategy that protects both banks and their customers.