A variety of market forces make each market’s approach to mobilizing faster payment fraud countermeasures unique. However, chief among the similarities in the patterns of mobilization to address the surge in fraud is, ironically, a tendency in many markets toward slowing some aspects of faster payments down.

This Datos Insights report, sponsored by Outseer, is based on a Datos Insights survey of 32 fraud executives at large FIs in Argentina, Australia, Brazil, India, the U.K., and the U.S. conducted in April and May 2024 to understand current payment fraud trends. Datos Insights augmented these efforts by examining patterns of controlling payments fraud in each market. In this report, fraud executives will find insights into the degree to which their peers are experiencing and managing the kinds of fraud threats associated with faster payments, as well as insights into how these trends influence efforts to modernize fraud control frameworks among their peers.

Clients of Datos Insights’ Fraud & AML service can download this report.

This report mentions the Australian Competition and Consumer Commission, the Australian Prudential Regulation Authority, the Australian Securities and Investments Commission, Bank of America, Capital One, Central Bank of Brazil (Banco Central Do Brasil), The Clearing House, Early Warning Services, Federal Reserve Bank of the United States of America, Indian Banks’ Association, JPMorgan Chase, National Payments Corporation of India, NPP (New Payments Platform) Australia Ltd., Outseer, Payment Systems Regulator, PNC Bank, Reserve Bank of Australia, Reserve Bank of India, UK Finance, U.S. Bank, and Wells Fargo.