payment setup

Push payment fraud (also known as "authorised push payment fraud" or APP fraud) is a form of fraud in which victims are manipulated into making real-time payments to fraudsters, typically by social engineering attacks involving impersonation. These authorised frauds can also be related to investment scams, where the victim is tricked into sending money for investments that do not exist, and to romance scams, where the fraudster tricks the victim into thinking they are in a relationship. The opposing type of fraud is known as "pull payment fraud", which occurs when an account holder provides a payee with the relevant bank account details enabling a fraudulent payee to take (or "pull") funds from the payer’s account.

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