Faster payments will lead to faster fraud

摘要

The Faster Payments Service (FPS) is a new scheme that will speed up low-value banking transactions in Britain when it comes into effect in May. Internet, telephone and standing order payments will take place on the same day, rather than the three days they currently take. Other types of payment - cheque, direct debit, direct credit, debit card and credit card — are not included in the scheme. Banks accept there are obvious benefits for customers, but they are yorried about the costs and the increased fraud risk.