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. Synchronous vs asynchronous payments Two distinct payment flows were tested: Synchronous: where activity is required from both payer and payee in real-time.

Settlement

Seon

JULY 27, 2023

Doing so is ideal as the payer can then not only know that the outgoing payment was transmitted but received by the payee. In addition, only one main organization’s system and network can be approached in the event of fraud, hacking attempts, and/or system or user errors. In fact, the transactions themselves are irrevocable.

FedNow

Seon

APRIL 18, 2024

The widespread adoption of real-time payments and regulations, including FedNow in the US and the European Union’s revised Payment Services Regulation (PSR) last summer, has further exacerbated this fraud. This obscurity can impede the ability to fine-tune or understand the basis of certain fraud alerts.

Authorization