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Complete Story
05/12/2023
Putting Scams Out of Business
The Federal Reserve FedPayments Improvement
Scams targeting consumers and businesses have become increasingly prevalent in recent years. There’s also been a groundswell of attention to the problem. However, the clear consensus among government entities, financial institutions, technology providers and other organizations is that we can do much more to address scams.
Approaches to putting scams out of business can fit into three categories: education, technology and information sharing.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
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Resources
Your electronic library to help in fighting financial fraud for all of our partners.
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