Irrevocability Payer Phishing 
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. That will play out as optionality, and payers are starting to think about what those options will be. You can’t pull them back.
Seon
JULY 27, 2023
FedNow works by offering banks, credit unions, and other organizations such as retailers a system where they can utilize instant payment services that go through this core process: The payer (e.g. The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network.
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