Banking on Experience powered by BUSINESSNEXT

The Real-Time Payments Fraud Dilemma: Why Faster Transactions Mean Bigger Risks


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Real-time payments are revolutionizing how money moves—faster, easier, and more seamless than ever. But with speed comes risk. Fraudsters aren't just small-time scammers anymore; they're running sophisticated, AI-powered crime rings that target credit unions and community banks in real time.

So, how do financial institutions fight back?

In this episode of Banking on Experience, host Joshua Barclay sits down with Jeff Scott, VP of Fraud Tech Solutions at Q2, a fraud prevention expert on the front lines of the fight against real-time financial crime. 

Together, they reveal how credit unions and community banks can shift from playing defense to going on the offensive, covering topics like:

  • How fraudsters have evolved into sophisticated, AI-powered crime rings.

  • Why traditional fraud detection tools aren't enough in a real-time payments world.

  • How cutting-edge fraud prevention tech is helping FIs stay ahead of bad actors.

  • The tricky balance between airtight security and seamless user experience.

Fraud is no longer just a risk—it's a multi-billion-dollar industry. If credit unions and banks don't act now, they won't just lose money—they'll lose trust, members and customers, and their future.

Don't wait until it's too late—tune in now and discover how to stay ahead of fraudsters before they strike.

On another note: If you'd like to join us for our Demo Tuesday Sessions, where we demo the BUSINESSNEXT solution virtually and answer your CRM-related questions on Microsoft Teams, use this link to sign up. 

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Banking on Experience powered by BUSINESSNEXTBy Andrew Piron & Joshua Barclay

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