Instant Payments Fraud Dispute Resolution: Guiding Principles for the U.S.

Faster Payments Council

"In the U.S., reported fraud and scam losses have been rising in recent years. This trend is occurring alongside the continued expansion of instant account-to-account payments across payment rails. The irrevocable nature of these rails creates challenges for dispute resolution, and lack of clarity about dispute resolution can affect user confidence and adoption. The principles outlined in this report offer industry guidance on designing dispute resolution frameworks for both consumers and businesses."