How to Prevent Authorized Push Payment Fraud with Mobile App Testing
This recent article from Finextra regarding the UK payments watchdog consulting on new authorized push payment (APP) fraud reporting rules has me thinking. How can we prevent fraud and protect consumers – and ourselves from scams? APP fraud happens when fraudsters deceive consumers or individuals into sending a payment under false pretenses to a bank account controlled by the fraudster. Real-time payment schemes are irrevocable, so victims cannot reverse a payment once sent.
