The Silent War: Banks and Fraudsters in the Real Time
Banks should not view ensuring prompt payments as an obligation but as a key to new product and customer service opportunities. Also read: Why you should optimize your payments stack for successful cross-border expansion Business and consumer demand for instant payments continues to grow, bringing with it broader expectations for immediacy and seamless user experiences. Just as digital services such as video streaming or content downloads offer near-instant access, users now expect payments to match this speed and convenience. There is a global push for real-time payments as it transforms industries by enabling faster transfers of funds, reducing reliance on cash and improving cash flow for businesses. As digital security advances, there is greater emphasis on ensuring these fast transactions remain equally secure and fast. This could not be more important as global instant payments are expected to grow at a compound annual growth rate (CAGR) of more than 35% over the next six years and will account for more…
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