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TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer

PYMNTS

According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.

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Real-Time Payments Survey Reveals Growth in Usage - and Scams

FICO

According to FICO’s latest survey of consumers from 14 countries around the globe, 90% of all consumers have sent a real-time payment, and at least 95% of consumers have used real-time payments in India , Indonesia , the Philippines , and Brazil.

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How Banks Can Overcome 10 Challenges with FedNow Payment Sending and Acceptance

Finovate

Banks can add a layer of protection by deploying real-time fraud monitoring systems to detect suspicious activities using AI and machine learning. Also, firms can implement advanced consumer authentication methods and mandate ongoing fraud prevention training for staff to further mitigate risks.

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FICO World 2023: Four Enterprise Fraud Management Takeaways

FICO

Clearly, fraudsters are taking advantage of the growing real-time payments landscape to inflict real financial damage to individuals. New regulatory considerations are emerging, like the Payment Systems Regulator issuing new liability frameworks in the UK. The global figures are staggering — $8.8

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Survey: Do Customers Think Banks Are Fair to Scam Victims?

FICO

According to the Australian Competition and Consumer Commission’s Scamwatch , for example, more than 57,000 scams were reported in the first two months of 2023 alone. Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications.

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Stopping Scams with Artificial Intelligence and Machine Learning

FICO

Using techniques like social engineering or impersonating a trusted source, these criminals are scamming unsuspecting folks out of billions of dollars globally, using real-time payments channels to quickly make off with their ill-gotten gains. Debbie holds a B.A.

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5 Scam Protections Customers Want from Their Bank

FICO

In the 2023 FICO Global Scams Survey , we asked consumers worldwide what they think banks could do better to combat scams and create a better customer experience for victims. In some markets, like Malaysia and Indonesia , this figure exceeds 75%, though in Germany only half of consumers agree. Debbie holds a B.A.