mobile payments fraud Credit/Shutterstock

Four years on from its first announcement, the Federal Reserve's instant payments service, FedNow has finally launched. The innovative instant payment method will offer businesses across the U.S. a competitive alternative to the Real-Time Payment Network and the Automated Clearing House for payment transactions. The launch has excited many industry onlookers, but for those of us in the online fraud and fincrime prevention sector, it's also raised a few concerns.

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