Ep412: The potential for fraud in ‘buy now, pay later’

Reed Taussig, Chief Executive Officer, Outseer More than 17 million UK customers have used BNPL products, and many banks are moving into the field to compete with the likes of Klarna and Clearpay. Growth in fraud is inevitable, including the creation of fake accounts to purchase high-value items and the hijacking of existing customer accounts. So, what can be done to protect both merchants and consumers, as well as banks themselves? As Reed Taussig, CEO of Outseer, tells Robin Amlôt of IBS In...