TPT #54 FRAUD 2

Fraud has industrialized around irreversible instant payments, forcing banks toward network-level anomaly detection and shared liability rather than card-style chargebacks.

• A2A overtakes cards: Richard Harris says account-to-account fraud now outstrips credit card fraud in the UK and is heading that way globally, since faster-payment rails move funds irrevocably with no chargeback period.
• Fraud is industrialized: Harris describes a fragmented criminal supply chain—separate actors for stealing credentials, testing them, building scripts, and running mule networks—each paid a fee, lowering the barrier to entry.

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