Remove FedLine Remove Fraud Detection Remove Payee
article thumbnail

What Is FedNow & How Can Businesses Prepare for It?

Seon

The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network. Doing so is ideal as the payer can then not only know that the outgoing payment was transmitted but received by the payee. How Will FedNow’s Instant Payments Impact Fraud Detection?