DataVisor and Ekata present: Real-time payments and real-time fraud
The global real-time payments (RTP) transaction volume exceeded $100 billion in 2022, with a projected compound annual growth rate of 35%. Currently, the RTP network boasts widespread adoption among businesses and consumers, with 61% of direct deposit accounts having access to it. Although RTPs present significant opportunities for all, the acceleration of payments also amplifies the success of common fraud schemes, posing risks to consumers and businesses. These schemes include Account Opening fraud, ATOs, Authorized Push Payment fraud, Money Mules, and AMLs.
Maintaining and demonstrating compliance becomes challenging for financial institutions and fintechs due to the fragmented, reactive, and non-real-time detection capabilities of traditional technology solutions.
On Thursday, June 8, 2023 at 11AM PDT (2PM EDT) join moderator Mike Sisk from American Banker and an expert panel from DataVisor, Ekata, a Mastercard company and Fiserv to hear how real-time payments are changing the risk landscape, how leaders can be prepared and a roadmap for preparing for RTP. The discussion will include:
- How can business leaders maximize opportunity and minimize risk?
- How can fraud leaders prepare for real-time payments?
- What are the potential regulatory compliance issues?
- What technologies can address risks arising out of real-time fraud?
Register for the webinar by clicking here or by clicking the image above.