2008 Account Takeovers Irrevocable Payment 
FICO
MARCH 26, 2018
This is not a new fraud, but when the fraudster can persuade the victim to make a real-time payment there is little opportunity to see it happening before the money is gone. The UK, which has had real-time payments since 2008, has seen an increase in this approach, particularly against individuals.
FICO
JUNE 26, 2018
Real-time payments schemes are not new – indeed Japan has had a scheme since 1973, Switzerland was the first European scheme in 1987, and the UK’s Faster Payment scheme was launched in 2008 and is currently processing payments of around £140 billion per month. Who Is Liable? In September 2016, the UK consumer group Which?
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