Remove Irrevocability Remove Money Laundering Remove Transaction Limits
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Will Real-Time Payments Increase Financial Crime in the USA?

FICO

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.

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Deep Dive: How Gift Cards Become Grift Cards For QSRs

PYMNTS

QSRs can also lower the transaction limits for their gift cards, disincentivizing cybercriminals from targeting them. QSRs must, therefore, be proactive in their prevention methods, or the presence of fraud could irrevocably taint the lucrative gift card market.