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. Retailers and service providers may favour synchronous models to mitigate payment disputes.
PYMNTS
FEBRUARY 19, 2020
” Another major barrier to adoption is the concern of real-time payments fraud , a threat for both service providers and corporate users. . “At the center of their design is an understanding that the technological ‘lift’ will not be part of the equation.” ” Banks’ Collaborative Opportunity.
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PYMNTS
JUNE 25, 2019
There is a palpable nervousness on the part of senders and receivers about fraud wrought across nascent real-time rails, since payments are irrevocable. The stage is set, Anil and Webster agreed, to incrementally build confidence in faster and real-time account-to-account payments through the use of tokenization.
PYMNTS
APRIL 2, 2019
RTP has showcased its ability to help customers pay providers for received services, but such systems offer more than immediate, final and irrevocable transactions. Real-Time Utilities Payments . This also aids the treasury teams tasked with tracking payments.
FICO
JUNE 26, 2018
The real-time payments fraud experiences of countries such as the UK provide a lesson to new adopters of what can happen to fraud rates when money can be transmitted fast. In the UK £250K can now be sent in a single, irrevocable payment – and the system has been tested for up to an eyewatering £10 million. Who Is Liable?
PYMNTS
SEPTEMBER 26, 2019
Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. s Faster Payments Service (FPS), only enable push payments.
PYMNTS
FEBRUARY 11, 2019
For the financial firms and service providers in the midst of embracing faster payments, seeking to speed transactions over various rails, there’s heavy lifting involved — and a road to travel before funds make the leap of settling in bank accounts over seconds rather than hours (in the case of Same Day ACH), or even days.
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