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.
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