New Payment Rails to Rely on RFP for More Security

New payment rails, like FedNow, aim to enhance security through implementing Request for Payment (RFP) to combat fraud, requiring counterparties to push funds, ensuring authorized transactions, though it still requires further development to be widely adopted and replace ACH. ```

https://www.bankinfosecurity.com/new-payment-rails-to-rely-on-rfp-for-more-security-a-24975