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HSBC Debuts Open Payments Platform For eCommerce As Alternative To Debit, Credit

PYMNTS

The HSBC Open Payments application will let businesses connect their checkout pages with the customers' online apps or app-based mobile platform. Then the purchaser is given a request for pre-populated payments, and upon authorization, an "instant and irrevocable credit" is applied to the seller's account.

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How Interac e-Transfer Won The Ubiquity Game In Canada

PYMNTS

In 2009, said Maoloni, the world started adopting mobile banking, and so did Interac. These ensure that the money promised is actually available to be sent and that the payment is irrevocable, or can’t be taken back by the sender once it appears in the recipient’s account.

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Payments Fraud: Good News for the UK – and a Warning

FICO

The rise of Internet and mobile banking has brought with it access to instant payments and decisions, creating a world of opportunity for criminals. Real-time payments are irrevocable once cleared, and the average loss per case is increasing from hundreds to thousands of euros. How to Fight Back.

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The State Of Faster Payments: ‘Early Innings’

PYMNTS

The flip side, as Webster added, is that when payments are done instantly and on demand, they are irrevocable. He added, too, that the trajectory being followed is not “dissimilar from the adoption of web banking, or the adoption of mobile banking. There’s always an adoption curve, and we are spot on that curve.”.

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Retail Payments Fraud: How Consumers and Banks Can Fight Back

FICO

Increasingly, the scams involve cryptocurrencies; The New York Times also recently investigating crypto romance scams in which victims are lured into paying criminals with fraudulent, and irrevocable, transfers into digital wallets. Make sure you’re not revealing personal information that can be used to take over your account.

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What Check Fraud Can Teach Banks About Preparing For The Instant Payments Future

PYMNTS

Before Ingo became the instant money platform that could route funds in real time to more than 30 different endpoints – bank accounts, digital wallets and debit, credit and prepaid cards, for some 300 brands – its business was all about turning paper checks into instant digital funds for consumers. And [check] fraud went through the roof.”.

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