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Mr. Macek, states that "the client" demands delivery of sevices like instant payments in seconds. This seems logic for normal sales activities where shopkeepers and internet salesman want to have immediate payment for their goods and services, but it is very doubtful for international paymenst of larger sums of money (like thousands of dollars)  that are internationally transfered immediately without any contractual basis. This seems to be used mainly by criminal clients and is clearly not the demand of normal clienst that only can be robbed because of this  kind of (irrevocable) transfers in seconds.

Dear Kethamaran,  I may agree when the fraud would be a simple fraud where you make a payment and dont get delivered , but the article is not covering the features behind the APP , which ususally go beyond a not delivered good or service. That is the practice that , criminals use the features of the banking payment system either to break into the payment (to change its outcome) or  to create falsified payment environments to steal the codes of clients  that can be used to rip off the accounts of these clients. In this area the reponsibility of banks is far greater. I hope you agree

Dear David, I hope you understand that the scams we  are talking about, are not comparabe with normal scams where people talk money out of your wallet. Wallets which in most cases will not contain all of your money. I think we should all look at the Swedish model because it gives the right incentives to the banks to look how they can make their system more resilient also in an age of social engineered real time payments and scams. Scams that use the weak spots of the banking systems and the way clienst use these systems. This is not only about better encryption but about an eye for the interaction of social engineering and the client system interface  plus brainstorming on the potential steps of cybercriminals to break into this. The beauty of the Swedish systems is that it places the largest burden on the banks who have the best opportunity to make their own systems more safe but also assumes some responsibilty of the clients(own risk) and also fights any fraudulant actions of customers with ill will.