Remove Irrevocability Remove Irrevocable Payment Remove P2P
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How Interac e-Transfer Won The Ubiquity Game In Canada

PYMNTS

Often, different FIs have different opinions about which products and solutions will best serve their customers, leading to a fragmented ecosystem and keeping any one solution from reaching the payments holy grail of ubiquity. Interac started out in the P2P space back in 2002. They were lower risk and invited less fraud.

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5 Ways Digital Payments Will Change FIs and Fraud in 2023

FICO

What scammers see here is a big patchwork of payment options that offer a way to take money directly from consumers, and that change popularity with the social media tides. Scammers can hide in plain sight and use social engineering and direct outreach to consumers to coerce individuals to make instant, irrevocable payments.