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The launch of FedNow: Fast cash or fast fraud?
Sept. 11, 2023, 3:54 p.m. | André Ferraz
Biometric Update www.biometricupdate.com
By André Ferraz, CEO, Incognia
With the launch of FedNow, which will enable every financial institution in the U.S. to offer a modern instant payment solution (should they partake), it's important to consider some of the lessons learned from other countries, like Brazil's instant payment system, Pix, which launched in 2020 and transformed the way individuals and businesses transact money, and UPI in India.
Similar to FedNow, Pix and UPI were created to modernize the economy by reducing …
biometrics news brazil cash ceo countries enable fast fednow financial financial services fraud fraud prevention identity verification important incognia industry insights lessons learned offer payment payments secure transactions solution system
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