Reactive - resistance builds to APP fraud

Authorised push payment (APP) fraud, in which someone is tricked into sending money to a party posing as a genuine payee, is proving a lucrative form of theft but Keith Nuthall finds that changes in compensation rules, data pooling by financial institutions and better risk profiling are starting to drive an effective response.

Authorised push payment (APP) fraud, in which someone is tricked into sending money to a party posing as a genuine payee, is proving a lucrative form of theft but Keith Nuthall finds that changes in compensation rules, data pooling by financial institutions and better risk profiling are starting to drive an effective response.