International Fraud Awareness Week

Around the world, real-time scams are growing with real-time payments. ACI Worldwide is proud to support International Fraud Awareness Week and the goal of educating and spreading awareness of global fraud schemes and their impacts.

Around the World, APP Scams Are Growing With Real-Time Payments

APP scams are on the rise — and rising rapidly. Losses are expected to record an average compound annual growth rate (CAGR) of 21% from 2021 to 2026 across the U.K., U.S., India and reach a total of $5.2 billion.

RTP to APP Fraud

“Revenue growth from real-time payments is expected to outpace APP scam losses in our three focus markets — yet something potentially more valuable is on the line.”

Sam Murrant
Lead Analyst (Payments), GlobalData


“Without mule accounts there would be little to no APP scams. Shutting off the supply demands better collaboration and data sharing between banks.”

Cleber Martins
Head of Fraud Management for Banking, ACI Worldwide


“Better understanding of the behaviors of both fraudsters and customers is the key to making APP scams easier to spot.”

Tanya Kopytina
Senior Fraud Consultant, ACI Worldwide

APP Scam Losses Are on the Rise

The lack of regulatory protections around reimbursing customers for APP scam losses means there is also a high potential for loss of trust in real-time payment, posing a serious risk to revenue growth beyond the immediate monetary cost of fraud.

APP Fraud Scam Growth
after scam action chart

Loss of Trust Is Already Undermining Banks’ Revenue

The vast majority of consumers that fall victim to APP scams reported closing their account, illustrating the reputational and financial risks of APP scams to banks.