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Instant Payments Mean Real-Time Payments Fraud

FICO

But the global adoption of such schemes, alongside the problems suffered by early adopters, has turned the focus to real-time payments fraud. Real-Time Payments Equal Real-Time Crime. The ability to send money quickly makes financial crime both easier to commit and more difficult to trace. Who Is Liable?

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Fraud: What Is the Contingent Reimbursement Model?

FICO

This crime has been facilitated by the advent and popularity of UK Faster Payments; we all appreciate the ability to send money instantly – that includes fraudsters. As the Which Super Complaint points out, with APP fraud UK consumers and businesses have been left unprotected, compared to other payment methods.