KEEPING P2P PAYMENT PLATFORMS SAFE FROM FRAUD
The Consumer Finance Protection Bureau recently signaled it will extend its reach and oversight capabilities to non-bank entities and FinTechs – which includes the person-to-person payments system, Zelle. The CFPB’s news comes as a pair of US Senators take a closer look at the P2P service. Rob Rendell, Feedzai’s VP of Payment Solutions, discusses the significance of these recent events and what banks can do to protect customers who use P2P platforms.