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Banks, Omnichannel And The New Commerce ‘Nirvana’

PYMNTS

Those channels could be the mobile device, the online device, the ATM, the call center or even in-branch,” said Samy. The transactions span payments, of course, and transferring money from point A to point B, or processes that include opening accounts or applying for loans.

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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. The flip side, as Webster added, is that when payments are done instantly and on demand, they are irrevocable.

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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. Increasingly, the scams involve cryptocurrencies; The New York Times also recently investigating crypto romance scams in which victims are lured into paying criminals with fraudulent, and irrevocable, transfers into digital wallets.

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Why Slow Payments Aren’t Necessarily Safer Payments

PYMNTS

When everything is good, and the funds have flowed to the right person, that is a terrific feature that means the receiver can pay a bill, make a purchase or head to an ATM and cash out. The payment is irrevocable, and can’t be clawed back. That can seem rather intimidating, she said, but a few facts bear considering.