Posted on 06 Nov 2022
As real-time payments gain popularity in the market, fraud prevention is a top consideration for financial institutions. Systems used for ACH or wire payments have time to consider the transaction before decisioning, while real-time payments allow only seconds. However, real-time payments can sometimes be a financial institution’s first foray into 24/7 transactions. A question of utmost importance is, does the current enterprise fraud system effectively handle real-time payments, or is it leaving these transactions unprotected?
In this PaymentsJournal hosted webinar, Brian Riley, Director, Credit Advisory Service at Mercator and Mark Majeske, Senior Vice President, Faster Payments at Alacriti discuss how fraud prevention measures need to be augmented to handle instant payments with a focus on:
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