What Check Fraud Can Teach Banks About Preparing For The Instant Payments Future
PYMNTS
AUGUST 5, 2019
Mobile Check Capture Circa 2009. The Ingo app lets consumers take a picture of a check and get instant, irrevocable access to those funds instead of standing in line at their bank or check casher. Unlike checks, instant payments is, well, instant – and irrevocable. Fraudsters count on that, he pointed out.
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