Australia becomes the latest country to roll out real-time payments, where funds from one bank reach an account at another bank in seconds. The New Payments Platform’s broad goal is to have 95 percent of payments clear within 15 seconds or less. It’s a move to satisfy consumer demands to send money with the same speed and ease as an email. Criminals love faster payments just as much as consumers, but there’s no clear data on whether the advent of the systems themselves makes fraud rise. In the United States, the move to faster payments is still in the works.”]
Source: https://www.cuinfosecurity.com/australia-launches-real-time-new-payments-platform-a-10648