The whitepaper explores how real-time payments (RTP) are transforming account-to-account transfers, offering 24/7 availability, speed, and cash flow control. However, RTP’s instant and irreversible nature heightens fraud risks, especially authorized push payment (APP) scams, projected to cost \$6.8B globally by 2026. To counter these threats, financial institutions need AI/ML-powered fraud detection, stakeholder collaboration, and robust RTP hubs supporting multiple clearing systems (CSMs). Best practices include adopting ISO 20022 standards, using managed cloud solutions, and implementing real-time monitoring and interdiction for fraud-resilient RTP ecosystems.

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