Remove ATM Remove Debit Card Remove Irrevocability
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The State Of Faster Payments: ‘Early Innings’

PYMNTS

For example, the Uber driver can get paid across a debit card, jump into their car for an hour-long shift and effectively use the car as a rolling ATM — to be paid, then use those real-time payments to buy gas or sundries as needed. financial institutions (FIs). Use cases are evolving.

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Retail Payments Fraud: How Consumers and Banks Can Fight Back

FICO

Other changes are centered on the challenges of bank and ATM closures limiting consumer access to cash. The article also talks about how, unlike credit card and debit card fraud losses, fraudulent activity and losses through Zelle leave customers and often the banks themselves unable to recoup funds.