Complete Story
 

02/21/2022

Fake Businesses Emerge as New Front in War on ID Fraud

PYMNTS.com

As digital commerce and payments grow, fraud grows with it. That’s going to get worse before it gets better as merchants and their payments partners decipher the many-faced fraud beast.

Immense expansion of digital commerce and digital payments over the past two years is benefitting consumers and corporations, but much work remains to secure it all.

“Inevitably, when you get growth in anything, particularly in payments that switch from [traditional] payment methods to digital payments, you’re still going to get an increase in fraud,” said Carl Churchill, managing director at payment services provider (PSP) technologi.

Read more...

Printer-Friendly Version


Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information
Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

more information