Latest fraud insights
No Intent To Pay (NITP) Fraud
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Mitigate the risk of no intent to pay
Suspected fraud attempt rates for no intent to pay stood at 4% in 2022, making it one of the most prolific types of financial crime to impact organisations in recent years.
Despite this, no intent to pay is still widely considered to be a hard-to-reach issue. With no real ownership over who’s responsible for remedying these crimes, resulting losses are often written off as credit risk as many businesses fail to diagnose or learn from this growing problem.
Our 2023 State of Omnichannel Fraud Report explores these issues and provides insights and recommendations for implementing smarter, more effective fraud prevention strategies that build consumer trust by demonstrating safety in omnichannel customer experiences.
Download the full report for access to our proprietary insights, including:
- How fraud leaders can mitigate the risk of no intent to pay
- UK and worldwide digital fraud trends
Practical steps businesses can take to counter data breach threats that fuel fraud
- Implications for fraud prevention leaders, including guidance on how to:
- Reduce friction and increase conversions
- Improve fraud detection while reducing false positives
- Mitigate synthetic identities
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