FBI and Irrevocability - Payments Space

Search:

DAY

WEEK

MONTH

YEAR

Select your country:
Sign up | Log in

FBI

Irrevocability

What Check Fraud Can Teach Banks About Preparing For The Instant Payments Future

PYMNTS

AUGUST 5, 2019

But it’s an outlier that, according to the FBI, has racked up more than $18 billion in losses last year in the U.S. The Ingo app lets consumers take a picture of a check and get instant, irrevocable access to those funds instead of standing in line at their bank or check casher. There is no option to extend availability.

Checks

Checks Instant Payments Online and Mobile Banking Irrevocability

Why It’s Time To Shut Down Cryptocurrencies

PYMNTS

OCTOBER 16, 2017

Bitcoin’s innovation — anonymity and irrevocability — have taken the friction out of crime. The FBI reports that some $28 million in losses were reported to them in 2016, triple what they say they saw in 2015. It’s hard to imagine a money launderer or terrorist emailing the FBI to let them know they were hacked and lost money.

Cryptocurrency

Cryptocurrency Bitcoin Near Real-Time Use Case

What Check Fraud Can Teach Banks About Preparing For The Instant Payments Future

Why It’s Time To Shut Down Cryptocurrencies

Stay Connected