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Clearing Up Instant Payments No ‘Stop Payment’ Confusion

PYMNTS

Ingo Money CEO Drew Edwards told Karen Webster that instant payments pose just such an attraction to fraudsters who hope to not only exploit security holes to get paid, but to get paid faster than ever before. . “I But clawbacks don’t exist in the world of instant payments. And when they aren’t sure?

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HSBC Hong Kong Announces New API For Instant B2B Payments

PYMNTS

HSBC Hong Kong ‘s new application programming interface (API) will simplify the payment system for businesses down to a one-stop payment hub, a press release says.

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Survey: Real-time Payments Fraud Up for 4 out of 5 APAC Banks

FICO

There has been a proliferation of real-time payments fraud, as new near-instant payment platforms, including person-to-person (P2P) transfers and mobile payment platforms grow across Asia Pacific. . Account takeovers were ranked second, with false accounts and money mules also rated as problems.

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WhatsApp And Facebook’s Brazil Conundrum

PYMNTS

As had been reported Tuesday (June 23), Brazil’s central bank suspended the WhatsApp payment feature from being used in that country. Among the firms that have been asked to stop payments done through the app: Mastercard and Visa. The central bank cited antitrust concerns as the reason behind the suspension.