10 types of payment fraud and how software companies can stay vigilant
Payrix
SEPTEMBER 4, 2024
billion to fraud in 2022, an increase of over 30% from 2021, according to the latest Federal Trade Commission data. Mobile payment fraud involves unlawful transactions made through mobile payment platforms, such as a digital wallet, contactless payment terminal, peer-to-peer transfers (think: Venmo and PayPal), and banking integrations.
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