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Scam Survey: UK Consumers Lack Confidence in Real-Time Payments Security

1. FICO's survey shows trust issues in real-time payments among UK consumers. 2. 23% of UK consumers doubt security of RTP, prompting banks to improve trust.

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Why Bullish?

The survey's findings highlight FICO's role in addressing security issues, indicating a potential demand increase for its services. Historical investments in security solutions often lead to long-term gains in related sectors.

How important is it?

The security concerns revealed in the survey could drive demand for FICO's risk management solutions, enhancing stakeholder confidence and market positioning.

Why Short Term?

Increased focus on security can lead to immediate partnerships and project launches. Market dynamics may shift quickly as banks seek to reassure consumers.

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LONDON--(BUSINESS WIRE)--An international survey on the uptake, trust, and future of real-time payments (RTP) from global analytics software leader FICO highlights the need for UK banks to focus on building confidence in the security of the payment method. While three quarters of consumers in the UK say they have sent (79%) and received (73%) RTP, nearly a quarter (23%) say they do not know if RTP processes include enough security checks. More information: https://www.fico.com/en/latest-thinkin.

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