Payment fraud involves falsely creating or diverting payments. In the modern world of e-commerce and mobile payment technology, where consumers and businesses use services such as PayPal and Apple Pay along with checks, wire transfers, and credit cards, protection against the risk of payment fraud is a top priority for individuals and businesses.
Payment Fraud Basics
- ACH and wire transfer fraud – ACH and wire transfers are the most cost-effective method for making payments, but risks exist.
- Check fraud – Take steps to safeguard your business against one of the oldest forms of fraud.
- Credit card fraud – Tips to reduce the risk of fraudulent transactions and identity theft.
- Skimming fraud – Protect your debit cards from cyber-criminals who target ATM machines and gas stations.