Business Email Compromise Irrevocability Scams 
PYMNTS
JUNE 3, 2020
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. Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle.
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. “Communication doesn’t only mean sending an email or letter to warn of the possibility of such scams,” said McConaghy.
PYMNTS
NOVEMBER 9, 2018
As the United Kingdom moves to embrace faster payments, notes securityboulevard.com, transactions are irrevocable and so new fraud schemes may be on the rise. Travelers don’t have to use their personal cards for business expenses, and companies know exactly how their money is being spent.”. Faster Payments/Faster Fraud in the UK?
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