The rise of push payment fraud and advice for fintechs
In today’s episode we speak to David Parker, CEO of Polymath Consulting. David has an in-depth knowledge of the payments and e-commerce 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.
David and I discuss the rise of fraud in push payments and why it's becoming an extremely common tactic for fraudsters. Last year alone, the cost of push payment fraud totalled £236m according to UK Finance, with banks unable to return nearly three-quarters (74%) of the money lost.
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