Industry Newsinstant paymentspayment fraudfraud detectionpymnts intelligence
Businesses Reassess Fraud Risk In Instant Payments
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7.2
PYMNTS Intelligence’s January Money Mobility Tracker finds businesses overestimate fraud risk in instant payments, noting legacy checks carry far higher exposure. The report shows 16% of firms experienced payment fraud in the past year, checks are 16 times likelier to be lost, stolen or altered than electronic transfers, and over 40% of fraud attempts now involve AI with average losses above $400,000. It recommends investing in real-time monitoring and governance.
Scoring Rationale
Industry survey presents actionable, credible findings supporting payments security shifts; limited novelty beyond reaffirming existing fraud trends and perceptions.
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