P2P (Peer-to-Peer) fraud refers to scams and fraudulent activities involving peer-to-peer payment platforms like Zelle, Venmo, or CashApp. These scams are commonly related to online marketplaces where sellers post listings — sometimes at almost-too-good-to-be-true prices — with no intention of ever shipping the item, as well as phishing scams.
Use case/ examples of P2P fraud
Marketplace protection: Preventing fake seller scams on peer-to-peer marketplace platforms by verifying user identities before enabling payment receipt.
Phishing detection: Identifying fraudulent payment requests that impersonate trusted contacts through behavioral analysis and verification prompts that encourage the user to closely check the details of the sender and verify the legitimacy of the request.
Transaction monitoring: Flagging suspicious P2P activity patterns such as multiple and/or large payments to newly created accounts, or patterns of rapid fund movement.
