Peer-to-peer (P2P) payment fraud is on the rise, with fraudsters using sophisticated social engineering scams to turn customers into victims. Financial institutions need a smarter, more dynamic approach to fraud and scam prevention, especially for irrevocable payments, like Zelle.
Entersekt’s Steve Bledsoe demonstrates how Context Aware™ Authentication and risk intelligence enable financial institutions to detect and mitigate P2P fraud by:
- Identifying suspicious transaction activities in real-time.
- Leveraging contextual data to strengthen authentication without adding friction.
- Enhancing fraud prevention strategies with trusted devices and a multi-layered, risk-based approach.
Learn more about protecting customers from today’s scam fraud here.
