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How Fraud Changes in the World of Real-Time Payments

FICO

In the USA, The Clearing House launched their Faster Payments scheme in November 2017, the same month that the Eurozone got SEPC CT Inst – a cross-border, real-time payments scheme. In February 2018 Australia launched their New Payments Platform for use by consumers.

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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.