Fraudsters are colluding as fake merchants and consumers to exploit Afterpay's buy now, pay later services, leading to significant losses. This emerging fraud type leverages synthetic identities and artificial intelligence to create false profiles. Experts warn that as buy now, pay later options expand to high-ticket items, such scams may increase, making it critical for payment services to enforce stringent checks on merchants.
https://www.paymentsdive.com/news/afterpay-confronts-new-fraud-type/805103/