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Real-time Payments and APP Fraud Emerging Globally According to New Aite-Novarica Group and Outseer Report
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Outseer, a leading provider of digital fraud prevention and customer authentication solutions, announced today the availability of new global research conducted by the Aite-Novarica Group focused on global trends in real-time payments (RTP) and associated fraud.
The research shows that 71% of financial institutions (FIs) indicated an increase in consumer account takeover (ATO) using RTP rails from 2021 to 2022, and 62% of financial institutions said that consumer authorized push payment (APP) fraud via RTP rails had increased in the same period. 57% of FIs indicated mule account activity over RTP rails was up in 2022 vs. 2021.