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” This focus on faster, single-payment processes has also introduced shifts in payment security and fraud mitigation efforts, which are likely to make a mark on corporate payment strategies moving forward.
The fact that real-time payments are immediate and often irrevocable has given rise to more sophisticated criminal threats in digital interactions such as person-to-person transfers and mobile payments. The real-time financial crime threat is real.
Without equivalent protections, theres a real risk that a completed transaction could be unwound if a counterparty fails, she warneda risk amplified when payments are irrevocable and instantaneous. Cross-border payments, however, often fall outside these safeguards.
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