Which of the following best describes the goal of transaction monitoring in the context of Faster Payments?

In the context of Faster Payments, the primary goal of transaction monitoring is to detect unusual transaction patterns that may indicate fraudulent activity. This process involves analyzing transactions in real-time or near-real-time to identify behaviors or anomalies that deviate from a user's normal activity. By closely monitoring transaction patterns, financial institutions can effectively mitigate risks associated with fraud, ensuring the security and integrity of payment systems.

Transaction monitoring is crucial in maintaining consumer trust and confidence in Faster Payments, as it helps to protect users from potential fraud while enabling swift transactions. Although the other aspects listed, such as user identity confirmation and customer satisfaction, play a role in the broader framework of payment processing, they do not encapsulate the primary intent of transaction monitoring, which is fundamentally focused on fraud detection.