Fraud conducted over account-to-account or other payment rails outside card networks, including ACH, wire, instant-payment, wallet, and peer-to-peer transfers. It may be unauthorized or induced through an authorized-payment scam.
Category: fraud prevention. Part of the Identity Technologist Glossary — more than 200 practitioner-grade definitions covering identity verification, KYC/AML, biometrics, fraud prevention, and compliance. See all terms at https://identitytechnologist.com/glossary.