The Payments Association
JUNE 16, 2025
All solutions trialled were able to achieve “final and irrevocable offline CBDC payments,” meaning that once funds were transferred, the payee could spend them immediately, without needing to reconnect to the central ledger. Compliance strategies should support education and ensure transparency in consumer protections.
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. Through the first half of this year that fraud has scored 145 million pounds from victims, through the practice known as social engineering.
Global Fintech & Digital Assets
OCTOBER 31, 2023
A licensee must disclose to California customers: applicable fees, how they are calculated, and that the customer is entitled to a 14-day advance notice of any fee or other material change; whether and to what extent a product or service is covered by insurance (public or private); which transfers or exchanges and accompanying payments are irrevocable, (..)
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