{"id":1564,"date":"2025-10-22T07:47:40","date_gmt":"2025-10-22T07:47:40","guid":{"rendered":"https:\/\/platforms.globalpayments.com\/en\/?p=1564"},"modified":"2026-04-22T23:27:30","modified_gmt":"2026-04-22T23:27:30","slug":"software-payment-fraud-prevention-and-detection-whats-the-difference","status":"publish","type":"post","link":"https:\/\/platforms.globalpayments.com\/en\/blog\/software-payment-fraud-prevention-and-detection-whats-the-difference\/","title":{"rendered":"Software payment fraud prevention and detection: What\u2019s the difference?"},"content":{"rendered":"
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With more than 2 million Australian's falling victim to fraud in FY2024 according to the latest data released by the Australian Payments Network<\/a>, ensuring that your software platform has the proper payment fraud prevention and detection measures in place before launching payments to your users is essential to protecting your organisation and customers. However, before you can have the proper strategies in place, you\u2019ll need to understand what payment fraud detection and payment fraud prevention are and how they differ.<\/p>\n\n\n\n

Commonly these two terms are used interchangeably but they are two very distinct things, and one can\u2019t exist without the other.<\/p>\n\n\n\n

Throughout this blog, we\u2019ll explain each: payment fraud prevention and payment fraud detection, provide real-world examples to bring these strategies to life, and explore how they\u2019re different.<\/p>\n\n\n\n

What is payment fraud detection?<\/h2>\n\n\n\n

Payment fraud detection is the process of identifying and preventing fraudulent transactions involving a combination of technology, analytics, and procedures specifically designed to spot unusual patterns or behaviors that may indicate fraud. The goal of fraud detection is to protect financial assets and payments data and maintain the integrity of the payment ecosystem. Payment fraud detection measures typically include the following:<\/p>\n\n\n\n