Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source

I am glad to see that coming about. It could not come quickly enough.

I used to be able to operate the online banking system very well and knew where everything was. I am finding it difficult as time goes on. More obstacles are put in the way. You have to have a telephone, for example. If you have two accounts, you have to have a second telephone to receive the approval message from the bank, depending on which bank it is. I refer to making a payment from your own account to some other bank by way of credit transfer or other means. I hope it will be possible to make life less complicated. Carrying out a transaction late on a Friday night, when everyone is tired, is not the same as doing so on a Monday morning or any other morning, when the person making the payment is not so tired. In this business, there is a big difference between 6 a.m. and 11 p.m., 12 midnight or 1 o’clock the following morning. I welcome the speedier system.

How does the instant payment system make it easier for the fraudster unless he or she has access to the system already and is lying in wait to trap payments on their way?