Data Sharing Seen as Key to Stopping Real-Time Payments Fraud

As instant payments become more widely used in the United States, the financial services ecosystem must gird for ever-more-brazen attacks from fraudsters.
Nick Fleetwood, head of data services at Form3, said that there’s at least some reference to be gained from the United Kingdom, where there’s a relatively mature instant payments architecture in place as nearly all accounts are enabled to send faster payments.