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Adrian Gunadi Steps Down as Investree CEO Amid Misconduct Claims

Fintech News

Adrian Gunadi Gunadi’s resignation letter, a copy of which DealStreetAsia has accessed, confirms the irrevocability of his decision and states that he has no further claims against the company. million Series C round in March 2020. million from investors, including a US$23.5 stake in August 2022.

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Fraud Predictions 2020: It Could Happen to You

FICO

“It Could Happen to You” might be one of the cheesiest movies of the 1990s (71% on Rotten Tomatoes) but in making my fraud predictions for 2020, the title has an ominous ring to it. As payments made using real-time payment schemes are irrevocable, the victims cannot reverse a payment once they realize they have been conned.

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Will Real-Time Payments Increase Financial Crime in the USA?

FICO

The Clearing House Association announced in January 2020 that on February 1 st the limit for a single transaction using their RTP scheme will increase from it’s current $25,000 to $100,000. Once a real-time payment is initiated it is typically irrevocable – it cannot simply be recalled, something that criminals take advantage of.

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Real-Time Payments Successfully Gets Through Its First Test Drive

PYMNTS

The first transaction, in addition to moving funds, also carried data in an invoice-like fashion to accompany requests for payments which are irrevocable. But the RTP systems — while running and tested a little — will not be “ubiquitous” until 2020 — a goal they describe as “ambitious.”. Progress in the U.S.

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Embracing Change In The Wake Of A Pandemic

PYMNTS

The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Doug Brown , senior vice president and general manager at NCR. As we enter the second half of 2020, touchless payments and interactions will be a hyper-focus for stores, restaurants and FIs. What’s Ahead.

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Fraud: What Is the Contingent Reimbursement Model?

FICO

million was lost to APP scams an increase of 71 percent compared to the same period in 2020. Banks have given customers the ability to make real-time, irrevocable payments but have not given them protection if something goes wrong. UK Finance in their Fraud the Facts Report 2021 found that in the first half of 2021, a total of £355.3

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It Takes A Hub: Fighting eCommerce Fraudsters Across New Vectors

PYMNTS

Real-time payments, he said, “increase the attack surface” for fraudsters and are attractive for two reasons: speed and the fact that the payments are irrevocable. In 2020, perpetrators will leverage both old & new #fraud trends to negatively impact FIs worldwide more than ever. NICE Actimize (@NICE_Actimize) June 1, 2020.