Payment fraud is any fraud that involves falsely creating or diverting payments.

Payment fraud can include:

• creating bogus customer records and bank accounts so that false payments can be generated
• intercepting and altering payee details and amounts on cheques and Payable Orders, then attempting to cash them
• creating false payment and financial information to support fraudulent claims for benefits
• processing false claims by accomplices for benefits, grants or repayments
• self authorising payments to oneself.