Why Faster Payments Don’t Have To Mean Faster Fraud

The only good thing about an ongoing parade of data breaches and innovative attempts at identity theft is that it can be incredibly persuasive when it comes to the importance of making the payments process more secure. Consumers are too worried to use some products, Barnhardt noted, and that has led to businesses asking their banks directly how they plan to secure the products and services they are offering. As a result, banks now want to know how they can best protect their customers, and how they can make sure they are securing themselves as well.

Source: PYMNTS October 12, 2018