Thinking Real-Time About Real-Time Payments Fraud
Increasing payment speed and infrastructure complexity is leading to rising payment fraud rates. When it comes to the risk assessment and authentication of real-time payments transactions, the time window for analysis has shrunken to pretty much zero. Some of the challenges banks and credit unions are dealing with today include: The result of these challenges? More real-time payments fraud, mounting financial losses and new questions surfacing over who is liable for the recouping of funds.