FICO
JUNE 26, 2018
In the UK £250K can now be sent in a single, irrevocable payment – and the system has been tested for up to an eyewatering £10 million. We’ve already seen the impact of authorized push payment fraud on them, even when payments are not cleared on the same day. Who Is Liable? In September 2016, the UK consumer group Which?
FICO
MARCH 26, 2018
In the USA, The Clearing House launched their Faster Payments scheme in November 2017, the same month that the Eurozone got SEPC CT Inst – a cross-border, real-time payments scheme. In February 2018 Australia launched their New Payments Platform for use by consumers.
FICO
NOVEMBER 19, 2019
UK Finance reported almost 85,000 cases in 2018, an increase of 44% over the previous year. This crime has been facilitated by the advent and popularity of UK Faster Payments; we all appreciate the ability to send money instantly – that includes fraudsters.
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