FICO

FEBRUARY 19, 2020

To compete against them, real-time payment schemes need to offer higher value transactions coupled with ease of use and lower costs. Operators of real-time payment schemes need to make sure that their drive for market share doesn’t lead to fraud concerns being overridden by competitive instincts.

Real Time Payments 92

Real Time Payments Financial Crimes Crime Account Takeovers 92

FICO

JUNE 15, 2023

Home Blog Feed test To Stop Scams, It’s Time to Add Sensible Friction to Easy Money The convenience and speed of real-time payments makes it easy for fraudsters to scam individuals. It’s time to consider sensible friction in the process. They Didn’t Teach This in Econ 101 On May 3, the U.S.

Scams 52

Scams Real Time Payments Smishing Same Day ACH 52

FICO

DECEMBER 5, 2017

Authorised push payment fraud has been made more attractive to criminals since the advent of real-time payment schemes, such as Faster Payments in the UK — crooks can quickly take the money and run. Authorised push payment fraud schemes are many and varied, some common attack types include: Attacks on Individuals.

Romance Scams 52

Romance Scams Real Time Payments Scams Payments 52

PYMNTS

JUNE 3, 2020

What’s different this time? Tharle said real-time payments have increasingly seen adoption across the globe, as seen in volumes reported in Europe, Australia and the U.S. Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle.

Business Email Compromise 71

Business Email Compromise Email Compromise Real Time Payments Authentication 71

FICO

NOVEMBER 19, 2019

million was lost to APP scams an increase of 71 percent compared to the same period in 2020. This crime has been facilitated by the advent and popularity of UK Faster Payments; we all appreciate the ability to send money instantly – that includes fraudsters.

Irrevocable Payment 52

Irrevocable Payment Irrevocability Scams Faster Payments 52

FICO

DECEMBER 23, 2019

Unlike the movie’s lucky lottery-winning Nicolas Cage, “it could happen to you” means that you, a family member, or someone you know will be a victim of a scam or other major fraud this coming year. The Scams You Don’t Hear About. One of the most popular FICO blogs is Sarah Rutherford’s “What is Authorised Push Payment Fraud?”

Online and Mobile Banking 52

Online and Mobile Banking Credential Scams Irrevocability 52

PYMNTS

JANUARY 30, 2020

As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds. By definition, real-time payments give financial institutions (FIs) almost no time to analyze and authenticate a transaction to prevent fraud and other financial crimes.

Faster Payments 43

Faster Payments APACS Real Time Payments Financial Crimes 43