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How Fraud Changes in the World of Real-Time Payments

FICO

In February 2018 Australia launched their New Payments Platform for use by consumers. These schemes represent a major change to the payments landscape for the countries involved. The perception may be that payments using these are instant — the reality is that clearing of them isn’t.

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Instant Payments Mean Real-Time Payments Fraud

FICO

In the past year, three major economies — the Eurozone, the USA and Australia — have gone live with real-time payments schemes, Canada will follow in 2019 and many other countries are on the road to implementing real-time schemes. Real-Time Payments Equal Real-Time Crime. Fraud Using Real-Time Payments will Impact Businesses.