article thumbnail

How Swifter Sports Payments Keep The (Soccer) Ball Rolling

PYMNTS

The Michigan High School Athletic Association, for instance, reported 12,722 registered sports officials in the 2008 to 2009 academic year, and that total fell to only 9,816 in the 2017 to 2018 season. The shortage threatens to hamstring kids’ abilities to play games as schools across the nation report declines.

article thumbnail

Instant Payments Mean Real-Time Payments Fraud

FICO

Real-time payments schemes are not new – indeed Japan has had a scheme since 1973, Switzerland was the first European scheme in 1987, and the UK’s Faster Payment scheme was launched in 2008 and is currently processing payments of around £140 billion per month. The standards PSPs will be expected to follow.

article thumbnail

FICO World 2023 - Agenda Focuses on 3 Key Fraud Strategies

FICO

The UK is one example of an early adopter of real-time payments (2008). For example, Confirmation of Payee (CoP) was introduced to help prevent some scams, but it is being ignored by millions who see the warnings from the banks when account don’t match as generic messages and simply click through.