The Payments Association

JUNE 16, 2025

The findings show that it’s technically possible, but with significant challenges surrounding fraud detection, data sharing, and usability. From smart wallets that optimise offline balances to fraud detection algorithms and user-friendly interfaces, there is scope to lead the market in enabling trusted offline transactions.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

FICO

FEBRUARY 19, 2020

For many consumers and businesses, the ability to quickly send money directly from their bank account is a win in terms of convenience, but it isn’t without risk, when it comes to fraud and other types of financial crime. The transaction itself is not fraudulent, but the scam that caused the person to make the payment is the fraud.

Real Time Payments 92

Real Time Payments Financial Crimes Crime Account Takeovers 92

PYMNTS

FEBRUARY 19, 2020

Again, collaboration is essential to easing this point of friction, Shultz said, highlighting Mastercard’s work with Vocalink – which it acquired in 2016 – to collaborate on more robust fraud solutions. “There is less time to apply traditional fraud techniques,” said Shultz.

Real Time Payments 114

Real Time Payments Visa Payer Payments 114

FICO

JANUARY 15, 2018

In a previous blog I wrote about authorized push payment fraud and how social engineering leads to victims making inadvertent payments to fraudsters. This is particularly important when an irrevocable, real-time payments scheme such as UK Faster Payments or SEPA CT Inst is used.

Irrevocability 66

Irrevocability Payments Account Takeovers Real Time Payments 66

PYMNTS

JULY 2, 2019

Kohli noted that, in the B2B realm, there is a recognition among payment professionals that the increased velocity of payments — especially what might be termed as “payments with finality” that come across real-time rails, where transactions are often irrevocable — means risk is on the rise.

B2B 70

B2B Cross-Border Payments Irrevocability 70

FICO

SEPTEMBER 27, 2019

Streamlining fraud detection and anti-money laundering (AML) processes is essential in fighting financial crime faster and more effectively. Institutions need fraud detection capabilities of the utmost speed and accuracy to detect and prevent criminal activity during real-time transfers of funds.

Financial Crimes 40

Financial Crimes Crime Fraud Detection Money Laundering 40

FICO

JULY 31, 2018

Real-time payments are irrevocable once cleared, and the average loss per case is increasing from hundreds to thousands of euros. This is why European markets are demanding an innovative prevention mechanism for payments fraud," Carlin said. These are the pillars of our approach to fraud detection and fraud management.".

Irrevocability 45

Irrevocability Fraud Detection Payments Real Time Payments 45