P2P Payments & Fraud

About the Podcast

P2P online and payment app fraud attacks continue to rise within financial institutions across the country.  Listen as Ann Davidson of Allied Solutions sits down with Randy Salser to speak in-depth about P2P online and payment apps fraud attacks. 

Listen On:

iTunesSpotifyApple PodcastRSSStitcher

Key Takeaways:

  • [01:34] Since 2016 P2P fraud has risen over 700%.
  • [04:10] Reg E focuses on unauthorized activity. Reg E does apply to these payment apps in the unauthorized environment.
  • [07:08] Look at your vendor agreement. Many vendor agreements hold the credit union ultimately responsible in the event of fraud. Vendor agreement review is ever so critical.

Presented By

Ann Davidson
Ann Davidson

Vice President of Risk Consulting | Allied Solutions

With more than 40 years of diverse experience in the financial industry, Ann Davidson has become a nationally renowned expert in risk control and risk management. Ann has an impressive list of achievements and accreditations in the financial industry, which includes making notable article contributions to accredited financial publications and being a keynote speaker on a variety of risk management topics at hundreds of conferences and seminars nationwide.