FICO

APRIL 29, 2022

Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments. in 2021, with P2P transactions up nearly 25%, to 271.2 With any change, fraud comes hand-in-hand. That $490 billion in 2021 comprised 1.8

Retail Payments 52

Retail Payments Zelle Consumer Romance Scams 52

FICO

JANUARY 22, 2020

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. . We recently conducted a survey with banks in the region and found that 4 out of 5 (78 percent) have seen their fraud losses increase.

Real Time Payments 52

Real Time Payments APACS Multifactor Authentication Account Takeovers 52

PYMNTS

APRIL 22, 2019

Since these transactions are irrevocable, pre-transaction authorization and Know Your Customer (KYC) checks are even more essential in the risk mitigation process. Indeed, it’s not B2B payments, but peer-to-peer (P2P) transactions that drive FIs’ investments in faster payment technologies today, said Schoch.

Faster Payments 63

Faster Payments Center for Payments Real Time Payments Payments 63

PYMNTS

AUGUST 12, 2019

For the dwindling numbers of people who still receive a physical paycheck, new applications let workers take a picture of that check and get instant, irrevocable access to the funds for a modest fee. Consumers can use push to debit or P2P via their Zelle accounts to move money instantly between them.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

FICO

SEPTEMBER 27, 2019

At Finovate, the big news was that FICO Falcon X delivers AI and machine learning technology in dramatically new ways, helping to prevent new forms of fraud and financial crime growing rapidly along two vectors: Real-time payments, including many offerings from fintechs in person-to-person (P2P) and business-to-business (B2B) categories.

Financial Crimes 40

Financial Crimes Crime Fraud Detection Money Laundering 40

FICO

DECEMBER 20, 2022

Scammers can hide in plain sight and use social engineering and direct outreach to consumers to coerce individuals to make instant, irrevocable payments. The P2P App Scam Crisis Will Not Go Away.

Digital Payments 52

Digital Payments Scams BNPL ACH 52

PYMNTS

NOVEMBER 19, 2019

It started with all the [peer-to-peer] P2P guys who unbundled how we pay each other,” Edwards said. On top of all that, there are also security concerns, because instant payments are also irrevocable. It’s sticky, he noted, but in the same way that a fly trap is.

Instant Payments 43

Instant Payments Online and Mobile Banking Remote Deposit Capture Push-to-Card 43

PYMNTS

MARCH 7, 2016

Instantly, and irrevocably. P2P is the use case that everyone uses to rationalize the need, yet is the one where the business case is that consumers won’t pay. Here in the U.S., And with multiple solutions facing the industry to enable this new capability: Same Day ACH will begin its Phase One rollout this fall.

Online and Mobile Banking 46

Online and Mobile Banking Payments Same Day ACH Financial Inclusion 46