The Payments Association

JUNE 16, 2025

All solutions trialled were able to achieve “final and irrevocable offline CBDC payments,” meaning that once funds were transferred, the payee could spend them immediately, without needing to reconnect to the central ledger. If the request is accepted, funds are immediately transferred from the payer’s device to the payee’s device.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

FICO

NOVEMBER 7, 2022

Fighting Scams and Authorized Push Payment Fraud in the US. Also known as scams or authorized user fraud, this multi-billion-dollar global fraud challenge is a real headache for consumers and banks. . Scams and P2P Payments Are Front and Center. The reality is that the US is reaching a tipping point for P2P scams.

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52

FICO

NOVEMBER 19, 2019

Until recently the liability for losses from these scams was generally set by the victim’s bank; with no uniform rules, the bank could decide to reimburse the customer or not. Banks have given customers the ability to make real-time, irrevocable payments but have not given them protection if something goes wrong.

Irrevocable Payment 40

Irrevocable Payment Irrevocability Faster Payments Payee 40

PYMNTS

JANUARY 3, 2020

And the devils we know – garden-variety credit and bank fraud , phishing and bot attacks, online identity scams and the rest – may feel more comfortable than the devils we don’t know. You can’t pull them back. That will play out as optionality, and payers are starting to think about what those options will be.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60

Seon

APRIL 18, 2024

Advancements have not increased the complexity of fraud tactics but have significantly amplified their scale, making it easier for less sophisticated fraudsters to execute more significant scams with broader reach. Often, the fraudsters enter through impersonation, a romance scam or another type of social engineering fraud scam.

Authorization 52

Authorization Technology Fraud Prevention Real Time Payments 52

PYMNTS

JANUARY 30, 2020

What’s more, these transactions are irrevocable, and as fraud losses mount, new questions surface over who holds liability to recoup funds. “Communication doesn’t only mean sending an email or letter to warn of the possibility of such scams,” said McConaghy.

Faster Payments 43

Faster Payments APACS Real Time Payments Financial Crimes 43

PYMNTS

AUGUST 5, 2019

Should the customer know it’s a scam? The Ingo app lets consumers take a picture of a check and get instant, irrevocable access to those funds instead of standing in line at their bank or check casher. Unlike checks, instant payments is, well, instant – and irrevocable. That’s a tough question.

Checks 65

Checks Instant Payments Online and Mobile Banking Irrevocability 65