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How Interac e-Transfer Won The Ubiquity Game In Canada

PYMNTS

In 2009, said Maoloni, the world started adopting mobile banking, and so did Interac. These ensure that the money promised is actually available to be sent and that the payment is irrevocable, or can’t be taken back by the sender once it appears in the recipient’s account.

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What Check Fraud Can Teach Banks About Preparing For The Instant Payments Future

PYMNTS

Mobile Check Capture Circa 2009. The Ingo app lets consumers take a picture of a check and get instant, irrevocable access to those funds instead of standing in line at their bank or check casher. Unlike checks, instant payments is, well, instant – and irrevocable. Fraudsters count on that, he pointed out.

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