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Deep Dive: Fraud Prevention on Real-Time Rails: How FIs Can Protect Customers


Date 11:05 AM - 11:55 AM (0 hours 50 minutes)
Monday, May 02
Cybersecurity & Risk

The pandemic has accelerated the shift to digital and real-time payments and increased transaction volumes. As the way we pay evolves, so do methods of financial crime. With the imminent move of both high-value and low-value payments to real-time payments rails, Canada and U.S. markets are acknowledging the need for real-time fraud prevention. We discuss lessons gleaned from mature markets and why fraud prevention should be considered during the move to real time in North America. 


Keith Melton
Head of Product & Strategy Management, Retail Payments Office
Federal Reserve Bank of Atlanta