TechnoXander 147 Confirmation of Payee (CoP) combating APP fraud
‘Confirmation of Payee’, a.k.a. CoP is combating APP fraud

A drastic surge in APP (Authorised Push Payment) scams took over the world with a storm during the pandemic. The fraudsters searched for innovative ways to target people and attack their banks and financial institutions for APP fraud. Worldwide lockdown increased digital payment transactions, which worsened the situation irrespective of innumerable security steps integrated by […]