APACS, Irrevocability and Money Laundering

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APACS

Irrevocability

Money Laundering

Survey: Real-time Payments Fraud Up for 4 out of 5 APAC Banks

FICO

JANUARY 22, 2020

Further to stopping fraud in real-time payment platforms, crimes such as drug trafficking, human smuggling, tax evasion and terrorism finance are also attracted to the irrevocable nature of instant payments. We estimate that there is about an 80 percent overlap in software functionality between legacy fraud and anti-money laundering systems.

Real Time Payments

Real Time Payments APACS Multifactor Authentication Account Takeovers

Unwrapping APAC’s Faster Payments Fraud Threat

PYMNTS

JANUARY 30, 2020

What’s more, these transactions are irrevocable, and as fraud losses mount, new questions surface over who holds liability to recoup funds. The Asia-Pacific (APAC) region is one in which faster payment capabilities are quickly proliferating. ” Unwrapping The Fraud Threat. ” .

Faster Payments

Faster Payments APACS Real Time Payments Financial Crimes

Payments Space

Survey: Real-time Payments Fraud Up for 4 out of 5 APAC Banks

Unwrapping APAC’s Faster Payments Fraud Threat

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