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Tag: The road ahead for FedNow: collaborative efforts and advanced technologies in the fight against APP fraud

The US Federal Reserve launched the FedNow real-time payment service in July, creating a centralised system it hopes will enable faster cash flow for individuals and businesses in the US. As exciting as the launch of this frictionless new payment rail is, fraudsters will find new ways to exploit merchants and customers. Authorised push payment fraud, already a major problem for services like Zelle, is likely to flourish. Banks will need to be proactive to stay a step ahead of criminals.

The road ahead for FedNow: collaborative efforts and advanced technologies in the fight against APP fraud

by JOSEPH NSIMBI | UG STANDARD REPORTER

The US Federal Reserve launched the FedNow real-time payment service in July, creating a centralised system it hopes will enable ...

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