FICO

OCTOBER 20, 2020

The short answer is that instant, irrevocable payments are very attractive to criminals, who are further emboldened by the UK’s Contingent Reimbursement Model (CRM) Code , enacted in May 2019, which requires banks to support APP scam victims. Here’s a preview: Q: Why is the UK a hotbed of APP scam activity?

Scams 52

Scams Push-to-Card Irrevocable Payment Irrevocability 52

FICO

OCTOBER 20, 2020

The short answer is that instant, irrevocable payments are very attractive to criminals, who are further emboldened by the UK’s Contingent Reimbursement Model (CRM) Code , enacted in May 2019, which requires banks to support APP scam victims. Here’s a preview: Q: Why is the UK a hotbed of APP scam activity?

Scams 40

Scams Push-to-Card Irrevocable Payment Irrevocability 40

PYMNTS

DECEMBER 7, 2017

Whether payments are moving between individuals (peer to peer, or P2P) or between consumers and businesses (C2B), they flow most easily from like to like — for instance, if the sender wants to use PayPal, the recipient must also have an account. That’s why ubiquity is so desirable. But in an ecosystem like the one in the U.S.,

Irrevocability 40

Irrevocability Payment APIs and Integration P2P Online and Mobile Banking 40