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Fighting Consumer-Engaged Fraud in the Contact Center

Fighting Consumer-Engaged Fraud in the Contact Center

Consumer-engaged fraud is now the leading type of fraud globally, representing more than a third (36%) of all reported incidents in 2024, up 15% over the prior year. It’s a costly and time-consuming challenge for financial institutions, exacerbated by the need to balance fraud prevention with customer experience. In the contact center, we distinguish consumer-engaged from other types of fraud; when the consumer is involved, it takes a different set of tactics to detect and mitigate these attempts. We further break down consumer-engaged fraud into two categories: “persuaded,” when a consumer...

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Primax Payments Pulse

Primax Payments Pulse Study 2023

Primax Payments Pulse Study 2023

The 2023 Primax Payments Pulse study explores the factors that influence consumer behavior when it comes to the choice and usage of different payment methods,...

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