Combating Authorized Push Payment Scams in Fast Payment Systems

Ying Lei Toh

Payments System Research Briefing, 2024, 8

Abstract: Fast payments can help consumers improve their cash flow, but the speed and irrevocability of these payments also make them a target for fraudsters seeking to commit authorized push payment (APP) scams. Combating APP scams is critical to ensuring the safety of fast payments and building and maintaining consumer confidence in fast payment systems.

Keywords: authorized push payment; payments; Payment Fraud (search for similar items in EconPapers)
Date: 2024
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