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Combating Authorized Push Payment Scams in Fast Payment Systems

Author

Listed:
  • Ying Lei Toh

Abstract

Fast payments can help consumers improve their cash flow, but the speed and irrevocability of these payments also make them a target for fraudsters seeking to commit authorized push payment (APP) scams. Combating APP scams is critical to ensuring the safety of fast payments and building and maintaining consumer confidence in fast payment systems.

Suggested Citation

  • Ying Lei Toh, 2024. "Combating Authorized Push Payment Scams in Fast Payment Systems," Payments System Research Briefing, Federal Reserve Bank of Kansas City, pages 1-8, November.
    • Handle: RePEc:fip:fedkpb:99170
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    File URL: https://www.kansascityfed.org/documents/10571/PaymentsSystemResearchBriefing24Toh1115.pdf
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