The Different Types of Payment Fraud and How to Prevent Them

### Executive Summary This report summarizes 14 common forms of payment fraud (including phishing, card fraud, wire transfer fraud, account takeover, and ACH fraud), identifies sectors at elevated risk (e-commerce, healthcare, banking, businesses accepting checks), and recommends foundational controls (PCI compliance, tokenization, 3DS, MFA) and advanced detection techniques (rules-based systems, machine learning, KPI tracking) to mitigate exposure.