Authorized push payment fraud (APP fraud) is a form of fraud in which victims are manipulated into making

real-time payment Instant payment (sometimes referred to as real-time payment or faster payment) is a method of exchanging money and processing payments, allowing for almost immediate transfer of money between bank accounts, instead of the more typical one to thr ...

s to fraudsters, typically by social engineering attacks involving

impersonation An impersonator is someone who imitates or copies the behavior or actions of another. There are many reasons for impersonating someone: *Entertainment: An entertainer impersonates a celebrity, generally for entertainment, and makes fun of ...

. These authorised frauds can also be related to investment scams where the victim is tricked into sending money for investments that don't exist, and romance scams where the fraudster tricks the victim into thinking they are in a relationship. Until 2019 in the United Kingdom, because the victims of these frauds authorized the payments, albeit mistakenly, they were typically not fully reimbursed by their banks. From May 2019 some victims will receive a refund under the Contingent Reimbursement Model Scheme, a voluntary code on Authorized Push Payment scams that provides protections for customers of signatory firms but also contains a number of exclusions.

References

Fraud Payments {{crime-stub