Are You Struggling to Combat These P2P Fraud Challenges?
Strengthen your defenses and restore user trust by effectively tackling account takeovers, synthetic identities, social engineering, and money muling.
Account Takeovers at Scale
Stolen credentials, SIM-swaps, and compromised devices let fraudsters hijack many P2P accounts in minutes, draining wallets and eroding user trust.
Synthetic Identity Onboarding
Criminals blend real and fake data to open new P2P accounts, then funnel high-value transfers that bypass basic KYC checks.
Real-Time Social Engineering Scams
Fraudsters trick users into urgent, high-value transfers; once sent, funds move instantly and are almost impossible to claw back.
Money Muling Networks
Large rings recruit “mules” to relay illicit funds through legitimate P2P accounts, creating AML exposure and regulatory fines.
FraudNet: Unmatched Solutions to Outpace and Outwit Fraud
Enhance security and trust in P2P payments by blocking fraud before it happens.
AI Transaction Monitoring
Scores every transfer in <300 ms; blocks high-risk moves.
Device Intelligence
Links devices to spot shared fraud across many accounts.
Synthetic ID Detection
Flags fabricated identities using consortium and internal data.
Geo-Velocity Analysis
Catches impossible travel or location mismatches instantly.
Millisecond-Level Risk Scoring
FraudNet scrutinizes each P2P transaction instantly, empowering you to intercept suspicious transfers before they exit your platform. This ensures your ecosystem's security without hindering the seamless experience your legitimate users expect. Keep your transactions secure and your users satisfied.
Consortium-Powered Intelligence
Leverage global fraud insights from thousands of institutions to stay ahead of emerging threats and reduce false positives. Empower your P2P payment platform with proactive defenses that enhance security, protect user trust, and streamline operations, ensuring seamless and secure transactions.
Unified Case Management
Streamline your fraud prevention efforts with FraudNet's unified dashboard, which brings together alerts, evidence, and investigation workflows. This integration reduces analyst workload, speeds up regulatory reporting, and ensures you stay ahead in the fast-paced world of P2P payments.
Impact & Results
Delivering Results that Matter
We don’t just promise better fraud control—we deliver tangible improvements that protect your business.
97%
Fewer False Positives
Approve more valid transactions confidently.
88%
Fraud Reduction
Experience double-digit reductions in fraud-related chargebacks
60%
Cost Savings
Save time and resources while securing your revenue.
Why FraudNet
Future-Proof Your Fraud & Risk Program
With an integrated platform designed for precision, agility, and impactful results, enabling your team to make smarter decisions, improve operational efficiency, and fuel your business growth.
Customizable & Scalable
No-code rules engine, flexible dashboards, and tailor-made machine learning models that are designed to adapt seamlessly and scale alongside your business.
End-to-End Platform
Unify fraud detection, compliance, and risk management into one powerful solution, saving valuable time and streamlining your operations.
AI Precision You Can Rely On
Reduce false positives, detect and prevent more fraud, and mitigate risk with highly accurate, real-time risk scoring and anomaly detection you can trust.
Real-Time Fraud Intelligence
Leverage advanced analytics, comprehensive reporting, and our Global Anti-Fraud Network to make faster, smarter decisions on the spot.
Testimonials
Real Success From Real Teams
Fraud.net’s flexibility has helped our AfterPay business grow by allowing us to meet our increasingly complex customer and country requirements. Their platform has enabled Arvato to increase our agility and significantly reduce fraud attacks.
Director Risk & Fraud, Arvato
FraudNet's combination of customized machine learning and flexible rules management has been transformative. We've achieved dramatic efficiency gains while maintaining robust fraud protection - a game-changer as we navigate evolving regulatory requirements.
Head of Financial Crime, Countingup
The great usability of Fraud.net is night and day when comparing it to our prior risk prevention platform. Reporting is also faster, more straightforward, and more impactful. With Fraud.net, we can easily visualize and share findings, providing our leadership with a clear understanding of the return-on-investment for our activities in real-time.
Fraud Manager, Global Financial Institution
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FAQs
What is P2P high-volume transaction fraud?
P2P high-volume transaction fraud involves the unauthorized or deceptive use of peer-to-peer payment platforms to conduct a large number of transactions quickly. Fraudsters typically exploit weaknesses in the system to transfer money illicitly, often using stolen credentials or manipulating transaction limits. This type of fraud can lead to significant financial losses for both the platform and its users, and it requires robust detection and prevention measures to manage effectively.
How can fraudsters exploit P2P payment systems?
Fraudsters exploit P2P payment systems by leveraging stolen credentials, creating fake accounts, or using social engineering tactics to deceive users. They often initiate high volumes of small transactions to avoid detection, manipulate transaction limits, or exploit system vulnerabilities. Fraudsters may also utilize phishing schemes to gain access to users' accounts, allowing them to conduct unauthorized transactions or launder money through the platform.
What are common signs of P2P transaction fraud?
Common signs of P2P transaction fraud include unusual transaction patterns, such as a sudden spike in transaction volume or frequency, transactions to unfamiliar accounts, multiple small transactions that cumulatively exceed typical limits, and changes in user behavior, like logins from unusual locations or devices. Detection systems may also flag transactions that deviate from the norm in terms of timing, amount, or recipient, indicating potential fraudulent activity.
How can P2P platforms detect high-volume transaction fraud?
P2P platforms can detect high-volume transaction fraud by implementing advanced analytics and machine learning algorithms that monitor transaction patterns in real-time. These systems can identify anomalies and flag suspicious activities for further investigation. Additionally, platforms should employ multi-factor authentication, regularly update security protocols, and educate users about safe practices to enhance overall security and reduce the risk of fraud.
What steps can users take to protect themselves from P2P fraud?
Users can protect themselves from P2P fraud by enabling multi-factor authentication, using strong, unique passwords, and being cautious about sharing personal information online. They should regularly monitor their account activity for unauthorized transactions and be wary of phishing attempts, such as suspicious emails or messages asking for account details. Users should also ensure their devices are secure with updated software and antivirus protection.
What are the potential consequences of failing to prevent P2P transaction fraud?
Failing to prevent P2P transaction fraud can lead to significant financial losses for both users and the platform, damage to the platform's reputation, and loss of customer trust. It may also result in regulatory penalties if the platform is found non-compliant with financial industry standards. Additionally, users affected by fraud may experience identity theft, unauthorized access to their funds, and prolonged resolution processes to recover lost money.