How to protect your customers after FedNow launches

FedNow is launching in 2023, transforming the faster payment landscape. Javelin Strategy & Research and NICE Actimize explore challenges and fraud risks that financial institutions (FIs) will need to address prior to adoption and implementation of real-time payments in this new white paper, “Faster Payments for Faster Fraud: Protecting Customers in This Real-Time Environment.”

Unlike the peer-to-peer payment (P2P) platforms used for decades, this new faster payment rail enables FIs in the U.S. to clear and settle payments in real time. With this innovation, the potential for criminals to exploit this new platform is expected to increase along with consumer adoption.

Find out what steps to take to protect your customers from the bad actors looking to exploit faster payments.