The rise of push payment fraud and advice for fintechs

In today’s episode we speak to David Parker, CEO of Polymath Consulting, about APP (authorized push payment) fraud.

David has an in-depth knowledge of the payments and ecommerce industry; he regularly consults and advises businesses in the industry all the way from emerging fintechs to corporate businesses. He is an expert in areas such as digital payments and the growth of mobile wallets.

We discuss the rise of fraud in push payments, APP fraud and why it's becoming an extremely common tactic for fraudsters. In the USA, APP fraud is expected to increase to $2.08 billion a year by 2028 while, across the pond, the cost of push payment fraud totalled £239m in just the first half of 2023 according to UK Finance, with banks unable to return nearly three-quarters (74%) of the money lost.

We hope you enjoy! Don't forget to subscribe below to get the latest updates sent straight to your inbox.

To learn more about online payment fraud, visit our insights page.