Fraud in the World of Real-Time Payments

In November 2017, The Clearing House launched RTP®, a real-time payments system, and BNY Mellon and US Bank initiated the first-ever real-time payment in the United States. This ushered in a new era in how payments are made – one with extraordinary potential to enable banks to build products that are most responsive to their customers’ needs. But this revolution comes with risks, and other countries that have found that real-time payments mean real-time fraud. This webinar shares perspectives on what’s important to know about real-time payment fraud schemes, how these schemes differ from those perpetrated on other fast ways of paying, what fraud trends you can expect to see in a real-time payments environment, and what happened when real-time payments were introduced in the UK in 2008 - and how these have been addressed.