Cybercrime , Fraud Management & Cybercrime , Fraud Risk Management

Thwarting Authorized Push Payment Fraud

Reed Luhtanen of Faster Payments Council Describes Role of Behavioral Biometrics
Reed Luhtanen, executive director at U.S. Faster Payments Council

Behavioral biometrics can play an important role in mitigating the risk of authorized push payment fraud, says Reed Luhtanen, executive director at the U.S. Faster Payments Council.

See Also: Automating Security Operations

This biometrics technology involves, for example, "analyzing how one holds a particular device or how you are moving the mouse," Luhtanen explains. Artificial intelligence can help analyze previous behavior patterns to determine if the right person is involved in the payment, he adds.

In a video interview with Information Security Media Group, Luhtanen also discusses:

  • Top payments fraud trends;
  • Technical solutions for fighting payment fraud;
  • Authentication options.

Luhtanen, executive director of the U.S. Faster Payments Council, has extensive experience in the payments industry and has served on the council's board of directors; the Federal Reserve-sponsored Governance Framework Formation Team, which created the U.S. Faster Payments Council; and the Corporate Advisory Group for The Clearing House’s Real-Time Payments system.


About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.




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