TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer
PYMNTS
JANUARY 26, 2021
First, it includes an ID&V (identity and verification) process with the customer’s bank, and the token once provisioned can include controls that limit it to its specific intended use. This provides consumers increased transparency and control over their payments, eliminating unintended overdrafts, and reducing fraud.
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