RTP / FedNow Recall & Refund Abuse Wave — severe-but-plausible scenario — ITOL

Vector: Cyber · Severity: severe

The RTP (Real-Time Payments) and FedNow rails settle with near-instant finality, but the bank's recall/refund policy moves slower. A coordinated fraud ring exploits that gap. Thousands of push-payment fraud attempts follow, and the ring pivots to check-based fraud as controls tighten.