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When Is a Real-Time Payment Not a Real-Time Payment?

FICO

This year and next sees many regions adopting real-time payment schemes, adding to existing schemes in countries such as the UK, Switzerland and Japan. There’s SEPA CT Inst in the EU, the Clearing House Faster Payments Scheme in the USA and the New Payments Platform in Australia. What Is a Real-Time Payment Scheme?

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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.

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Huntington Now Offers Real-Time Payments For Consumers, SMBs

PYMNTS

Regional bank holding company Huntington is now using the RTP network, meaning it now has a new real-time payments option to help people get money nearly instantly, according to a press release.

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Sionic Announces Fraud Protection Service Using Google Cloud AI Technology

Fintech Finance

The Sionic Fraud Protection Service (FPS) is the final component required for true Pay-by-Bank transactions at the point of sale, alongside verified buyer and seller credentials, a consistent customer experience and automated dispute resolution instantly between payers and payees.

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Real-Time Payments & Fraud – What Can be Done?

FICO

In my last post I wrote about the fraud and financial crime problems the USA is likely to encounter as real-time payments increase in both value and volume. In countries such as the UK, real-time payment schemes have been ubiquitous for many years. What Can the Industry & Real-Time Payments Schemes Do?

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Deep Dive: The Benefits And Challenges Of Real-Time Push Payments

PYMNTS

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem. Payers have to know that payees will accept certain payment methods before making purchases, and payees do not want to invest until they know payment instruments are in demand.

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