Section 6. Fraud Principles Report

This section contains the following topics:

Fraud and IIPS

Applying an Inclusive Lens

Level One Project Focus

Fraud Mitigation Principles

IPS are Proliferating

Benefits of Inclusive IPS Are Materializing

Impact of IIPS Fraud

Types of Fraud in IIPSs

What is Fraud Risk Mitigation?

Strength in Collaboration

Fraud Mitigation Principles

Principle 1: Liability

Principle 2: Rules

Principle 3: Tools

Principle 4: Data

IIPS Fraud Mitigation Approaches

Spotlight on Brazil’s Pix

Spotlight on India’s UPI

Spotlight on Ghana’s GIP

Spotlight on US’ the FedNow Service

Spotlight on UK’s FPS

Fraud Mitigation Best Practices

Best Practices Overview

Cross-Cutting Practices

Before-Payment Practices

During-Payment Practices

After-Payment Practices

Ecosystem Fraud Mitigation Initiatives

Partner Initiatives in Fraud Mitigation

FRMS Center of Excellence and OSS Engine

Summary of Best Practices

Summary of Best Practices

Next Topic in this Section: Applying an Inclusive Lens