The Benefits of Offering an Integrated Peer-to-Peer Service Through a Digital Banking Platform

Peer-to-peer or Person-to-Person (P2P) transactions are now mainstream and a growing sector of consumers’ financial activity. Younger generations are leading the movement, and their use has spurred their parents and grandparents to adopt these technologies. With this increased usage, ensuring consumers have the highest level of security when transferring money online is critical. Old risks are evolving into new ones every day, and staying ahead of fraudsters is near impossible. However, taking measures to mitigate fraud by offering effective consumer education, providing staff training, and implementing strong back-office controls all go a long way to protect your bank and allows your consumers a safe place to move their money.

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