As real-time payments remove the traditional buffer between initiation and settlement, fraud prevention has to move upstream, fast.
Qolo Chief Product Officer Darren Beyer joined Javelin Strategy & Research Lead Fraud Analyst Suzanne Sando on the PaymentsJournal podcast to discuss how the rise of FedNow and RTP is forcing a full redesign of fraud prevention architecture. Beyer explains why instant, irreversible payments have closed the window institutions once relied on to catch and reverse fraudulent transactions, and what it takes to build risk controls that are both precise and fast enough to keep pace.
Read the full article or listen to the podcast on Payments Journal.
