Fintech News

OCTOBER 22, 2024

The study, which gathered insights from 114 fraud risk professionals across nine APAC markets in late 2023, found that payment systems and online banking have emerged as the primary concerns for fraud risk professionals across APAC, identified by 66% of the respondents as the most common type of threat observed over the prior 12 months.

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APACS Online and Mobile Banking Fraud Prevention Fraud Detection 120

PYMNTS

MARCH 20, 2018

Australia has just rolled out the New Payments Platform (NPP), a system to facilitate faster payments in the country, but a recent speech by Michele Bullock, assistant financial system governor of the Reserve Bank of Australia (RBA), suggests there is more to be done to address fraud risks. Europe and U.S. In the U.S.,

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Faster Payments Central Bank Risk Same Day ACH 46

PYMNTS

OCTOBER 3, 2018

Faster payments in the U.S. But for all the powerful things that faster payments unlocks, in payments, in lending or in SMB transactions, there is the downside. Faster payments can mean faster fraud, and fraud is already a more than $1 trillion problem each year.

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Faster Payments Transaction Limits Payments Privacy 40

Neopay

SEPTEMBER 11, 2024

The review highlighted the complexity of these frauds, noting that many large-scale scams were made up of multiple smaller transactions, which reduces the effectiveness of transaction limits as a protective measure. This issue is key in demonstrating why stronger protections beyond transaction limits are necessary.

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Caps Consulting Scams Fraud Prevention 52

Faster Payments Council

SEPTEMBER 17, 2019

We want to make sure we're hearing from our diverse membership base and considering the various roles each of you plays in this faster payments ecosystem. We were able to point out that our Regulatory, Directories, and Fraud Work Groups will be tackling these and other relevant topics in their upcoming work efforts.

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FPC FedNow Fed Request for Comment 68

PYMNTS

AUGUST 28, 2018

In an interview with Karen Webster, CEO Adrian Lovney of NPP Australia and Head of Cards, Payments and Fraud Products Nathan Churchward of IT services company Cuscal weighed in on what’s changed and what’s to come. The new scheme replaces the limitation with ISO 20022 data standards.

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Real Time Payments ISO 20022 Payments ISOs 40