Account Takeovers, Crime and Irrevocable Payment

How Fraud Changes in the World of Real-Time Payments

FICO

MARCH 26, 2018

It is easy to lay liability for this at the feet of the victims, who after all have authorized the payment, arguably without making adequate checks. Banks have given customers the welcome ability to make irrevocable payments in real-time, but customers don’t have the tools and knowledge to carry out checks in the same way that a bank can.

Real Time Payments

Real Time Payments Irrevocability Push-to-Card Payments

Instant Payments Mean Real-Time Payments Fraud

FICO

JUNE 26, 2018

But the global adoption of such schemes, alongside the problems suffered by early adopters, has turned the focus to real-time payments fraud. Real-Time Payments Equal Real-Time Crime. The ability to send money quickly makes financial crime both easier to commit and more difficult to trace. Who Is Liable?

Real Time Payments

Real Time Payments Instant Payments Irrevocable Payment Payments

Payments Space

How Fraud Changes in the World of Real-Time Payments

Instant Payments Mean Real-Time Payments Fraud

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