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Real-Time Payments Are Soaring In The U.S.

Tom Groenfeldt

When you're closing on one coast and your financing agent is on the other coast, it gets problematic and presents an incredible amount of risk to the industry,” Colassano said. RTP makes a big difference to banks in time sensitive businesses like mortgages which have had to deal with a bank payment system that worked on East Coast hours.

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Beyond the Firewall: Rethinking Payment Data Security

Finextra

That’s where the real risk lies. But these measures alone don’t eliminate the inherent risks of decentralised data. It simplifies compliance and risk management by centralising sensitive data into a single, tightly controlled location. If your business handles payments, it’s time to ask: why hold the risk at all?

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SMEs Must Remain on High Alert Says Mastercard as 46% Have Experienced an Attack in Their Lifetime

The Fintech Times

New research from payments juggernaut Mastercard has revealed that cyberattacks are becoming ever more present in the financial world and small and medium businesses (SMEs) need to be prepared as this trend doesn’t show any signs of slowing down.

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Unified Action Needed to Address Both Domestic and Cross-Border Fraud Risks Reveals Nasdaq Verafin

The Fintech Times

Stregnthening economies to combat fraud Financial Crime Insights: Europe provides authoritative research findings and industry perspectives that define notable trends and priorities within the financial sector across the UK, EU, and Nordics.

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The Journey of Payments and Clearing Systems in India

Finextra

Real-Time Gross Settlement (RTGS) (2004): A major leap forward, establishing a robust system for large-value, real-time interbank fund transfers, enhancing systemic efficiency and reducing settlement risk. This democratized electronic fund transfers for individuals and small businesses.

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Unlocking Growth Amid Payment Delays and Fraud Risks

Payments Next

By Douglas Hall, Publisher, PaymentsNEXT Discover’s 2024 Payments State of the Union highlights risks and opportunities In today’s fast-paced digital economy, slow The post Unlocking Growth Amid Payment Delays and Fraud Risks first appeared on Payments NEXT.

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Fighting Fraud: PayPal Utilises AI to Launch Dynamic Scam Detection

The Fintech Times

PayPal’s approach to addressing fraud is multi-pronged, comprising building innovative technologies, leveraging investigative research led by its team of experts, and refining its risk controls to help prevent bad actors from accessing its platforms.