Colin Parsons
speaker
183 appearances
1 recordings
1 series
first heard Dec 2024
last heard Dec 2024
Colin Parsons’s voice in public audio — every appearance, attributed to the second.
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Appearances
At the end of the day, there's such a wide variety of use cases that can happen over faster payments networks.
So whether it's really small dollar value transactions or really large dollar value transactions, they all have their different risks associated with them.
I think that's why that kind of layered approach
is so important.
Understanding that full view, that full picture of a transaction is very important as well.
And then that allows institutions to kind of take that information, take those insights, and then kind of apply it within their own context.
Because you could have someone whose use case at their financial institution is just a lot of small dollar value transactions, and that their approaches to fraud detection is going to be different than someone who's targeting high net worth individuals or businesses, for example.
I'm definitely a sell on that.
I think from my earlier answers, you can probably tell that.
But...
The consortium approach is, I think, critical to any payment these days.
We saw the success in the United Kingdom.
We've seen the success within our own customer base within the United States and Canada as well.
Having that view outside your four walls just allows us to try and keep up with the fraudsters.
The fraudsters don't care what bank you're at.
They're going to
target anybody and use all the information they can.
So on the kind of prevention side, we should also be leveraging as much information we can to prevent those payments.
Yeah, I think I'm a buy on that one.
There's, I think there's definitely an advantage in, in having a standard approach across the board.
Showing 121–140 of 183 · page 7 of 10
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