Remove Irrevocability Remove P2P Remove Stop Payment
article thumbnail

Clearing Up Instant Payments No ‘Stop Payment’ Confusion

PYMNTS

Ingo Money CEO Drew Edwards told Karen Webster that instant payments pose just such an attraction to fraudsters who hope to not only exploit security holes to get paid, but to get paid faster than ever before. . “I There is nothing Venmo can do to stop a consumer from willingly sending their money to a crook,” Edwards said. .

article thumbnail

Survey: Real-time Payments Fraud Up for 4 out of 5 APAC Banks

FICO

There has been a proliferation of real-time payments fraud, as new near-instant payment platforms, including person-to-person (P2P) transfers and mobile payment platforms grow across Asia Pacific. . Real-time Payments Fraud: Time For Convergence.