Combatting APP Fraud: How to Build a Best-in-Class Fraud Prevention Solution

Whitepaper· 2min July 4, 2024

Managing fraud risk is increasingly challenging due to evolving fraudster techniques. Authorised Push Payment (APP) fraud is one of the areas seeing the most increase in recent times. This latest report in collaboration with Feedzai looks at how the new upcoming PSR rule changes will require banks to rethink their approach to fraud solutions and the technologies they adopt.

With traditional systems unable to deal with the agile nature of fraud in today's payments space, new approaches such as 'Collaborative Intelligence' and 'Inbound transaction screening' will be seen as key to further improve fraud prevention for financial institutions.

Download our new report, Combatting APP Fraud: How to build a best-in-class fraud prevention solution to learn how the Form3 solution powered by Feedzai can deliver the new technology and approach needed to fight today's fraudsters.

Key takeaways include:

Inbound transaction monitoring: How effective fraud prevention requires both inbound and outbound monitoring to detect the discrepancies between transactions.

Collaborative intelligence: Sharing data and insights across institutions is vital. How a network level approach can allow banks to develop a comprehensive view of fraud patterns.

Regulatory compliance and reimbursement: Why the new PSR rules are necessitating enhanced fraud prevention measures across the payments ecosystem.

Feedzai x Form3

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Form3 - Payment Technology Reimagined

Form3 are revolutionising the way payments work from channel to payment scheme. We have developed an enterprise-grade, managed, payment technology platform that integrates across multiple payment schemes, and connects into your payment systems with ease.