Retail payment fraud is on the rise around the world, and bad actors have been quick to leverage the global pandemic to scam people into sending them money. The amounts involved can be considerable, and the impact on victims life-changing and devastating.
Given the complexity and speed associated with fraud on retail bank account-based payments, a new approach is required when looking for a solution. And AI – being leveraged by the industry in the fight against financial crime around the world – holds the key.
- Gain insight into how scammers are using sophisticated social engineering to dupe people into sending them their money – and why this type of fraud has become such an issue
- Understand why retail payment fraud differs from card fraud – and why, therefore, a different approach is needed to tackle the issue
- Learn how AI-based solutions are effectively tackling account-based payment fraud
Steve Ledford, SVP Products and Strategy, The Clearing House
Trace Fooshée, Senior Analyst, Aite Group
David Rich, EVP, Vocalink Services and Analytics