Author: Seth Ruden
Seth Ruden is a seasoned fraud risk management professional with two decades consulting, leading fraud teams and serving as an advisor to technology providers, processors, networks, and financial institutions
Instant Payments Are Instant. Your Fraud Stack… Is Not.
In the race between payment speed and fraud prevention, the bad guys currently have a head start. Let’s fix that. Let me paint you a picture. A customer opens their banking app. Within 20 seconds, they’ve initiated and completed an “immediate” payment. The money is gone. Irrevocably. Welcome to the instant payments era — where […]