This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
02/21/2022
Fake Businesses Emerge as New Front in War on ID Fraud
PYMNTS.com
As digital commerce and payments grow, fraud grows with it. That’s going to get worse before it gets better as merchants and their payments partners decipher the many-faced fraud beast.
Immense expansion of digital commerce and digital payments over the past two years is benefitting consumers and corporations, but much work remains to secure it all.
“Inevitably, when you get growth in anything, particularly in payments that switch from [traditional] payment methods to digital payments, you’re still going to get an increase in fraud,” said Carl Churchill, managing director at payment services provider (PSP) technologi.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more informationResources
Your electronic library to help in fighting financial fraud for all of our partners.
more information