Post by Federal Reserve Bank of Boston

Name: Not too long ago, people had just a handful of options for making payments: Think cash, checks, and
Uploaded: 2026-07-15T15:15:21.947Z
Channel: Federal Reserve Bank of Boston
Description: Not too long ago, people had just a handful of options for making payments: Think cash, checks, and wire transfers. But the number of payment options available have expanded recently – and so have AI

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Not too long ago, people had just a handful of options for making payments: Think cash, checks, and wire transfers. But the number of payment options available have expanded recently – and so have AI scams, deepfake scams, and overall fraud risk. Boston Fed fraud payments expert Michael Timoney joins Amanda Blanco on the Six Hundred Atlantic podcast to discuss why these crimes are becoming more popular, the impacts of rapidly evolving technology in payments, and how people can better protect themselves from fraud and scams. Listen to the episode: https://lnkd.in/d34_5TRv

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