Reducing Instant Payment Fraud requires transparency, unity and technology

Society and Law has reached a check point where the new digital world is almost beyond the current laws and banking practises. Let’s take a look at fraud in Faster Payments, UK’s instant payment initiative, which is being replicated in over 50 countries, and soon to become available for cross border payments. Faster payments fraud totalled £330 million in 2019, an annual increase of 30% over 2018.
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