The Power of Partnership in Payment Fraud Prevention
Navigating the $362B Threat Landscape with Collaborative Defense
How Do Emerging Technologies Impact Fraud?
AI is a double-edged sword: fraudsters leverage it for scalable attacks like virtual kidnapping scams, while defenders use it for enhanced detection. Business Email Compromise (BEC) remains the top threat, with tactics constantly shifting.
The Shift in BEC Tactics (2024)
63%
60%
49%
What is the Role of Partnerships in Prevention?
Siloed defenses are no longer enough. The future of fraud prevention lies in collaborative ecosystems where institutions share data to train smarter AI and identify high-risk activity before funds are lost. Regulatory bodies are now mandating this shift.
Consortium Analytics
Analyzing millions of data points across institutions to flag high-risk payees in wires, ACH, and instant payments. This provides visibility beyond a single organization’s walls.
Mandated Data Sharing
New rules like Nacha (2026) and EU’s PSD3 require end-to-end fraud monitoring and data sharing, making vendor partnerships essential for compliance and effectiveness.
Holistic AI Platforms
Top vendors (LexisNexis, FICO) use shared data from the entire eCommerce funnel to train AI, reducing false positives and improving detection without harming user experience.
What are the Most Effective Strategies for 2026?
Proactive infrastructure, robust reimbursement ecosystems, and a focus on faster intervention are key. The decline in fund recovery rates underscores the need for prevention over recovery.
Decline in High-Value Fund Recovery
41%
2023
22%
2024
% of organizations recovering 75% or more of fraud losses.
Case Study: UK’s APP Reimbursement Success
The UK’s mandatory reimbursement rules for APP scams demonstrate a powerful dual effect: supporting victims and incentivizing firms to strengthen their prevention controls.
88%
of claimed losses were refunded to victims between Oct 2024 – June 2025.
Key Challenges & Actionable Opportunities
Challenge: Evolving, Scalable Scams
AI-driven APP/BEC scams and persistent purchase fraud (60% of APP cases) are outpacing siloed, reactive defenses.
➜Opportunity: Forge Partnerships
Adopt consortium analytics for cross-institution visibility. Harness data from thousands of firms to preemptively identify and block high-risk payments.
Challenge: Declining Recovery Rates
With only 22% of organizations recovering over 75% of losses, the focus must shift from chasing stolen funds to preventing their transfer in the first place.
➜Opportunity: Enhance Reimbursement Ecosystems
Build on the successful UK model (88% refunds). Fast, reliable reimbursement deters fraudsters by reducing profitability and boosts consumer confidence.
Ready to Build a Collaborative Defense?
Partnerships are not just an option; they are the new standard for effective fraud prevention. Let’s discuss how a proactive, collaborative strategy can protect your organization.