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.
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