Title:Fed seeks pilot participants for FedNow instant payments
Summary:The Federal Reserve is seeking expressions of interest from financial institutions and vendors to participate in a pilot program to support development, testing and adoption of the FedNow instant payment service.
PublishDate:10/14/2020 12:00:00 AM
Title:WesPay Presents Payments Leadership Awards at the 2020 Payments Symposium
Summary:As part of our annual Payments Symposium conference, WesPay presented three leadership awards to individuals that have made significant contributions to WesPay and are helping to shape the future of payments.
PublishDate:9/29/2020 12:00:00 AM
Title:13.9 million Americans to receive IRS Tax Refund Interest
Summary:The Treasury Department and the Internal Revenue Service will send interest payments to about 13.9 million individual taxpayers who timely filed their 2019 federal income tax returns and are receiving refunds.
PublishDate:8/18/2020 12:00:00 AM
Title:ECCHO Cancels NCP Exam 2020
Summary:After careful evaluation, ECCHO has decided to cancel the NCP Exam this year.
PublishDate:8/10/2020 12:00:00 AM
Title:The Federal Reserve Board Announced Details of the FedNow℠ Service
Summary:The Federal Reserve Board on Thursday announced details of the FedNow℠ Service, a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States.
PublishDate:8/7/2020 12:00:00 AM
Title:Remittance Transfers Small Entity Compliance Guide: Developed by the CFPB
Summary:The purpose of this guide is to provide an easy-to-use summary of the Remittance Transfer Rule. The guide also highlights issues that businesses, in particular small businesses and those that work with them, may want to consider when implementing the Rule.
PublishDate:7/14/2020 12:00:00 AM
Title:Fraudsters’ Covid-19 Schemes Draw FinCEN Warning
Summary:With trillions of dollars in federal stimulus money sloshing around in the economy to help consumers who have lost their jobs due to Covid-19, fraudsters are ratcheting up their efforts to get a piece of that pie.
PublishDate:7/14/2020 12:00:00 AM
Title:Mitigating Synthetic Identity Fraud in the U.S. Payment System
Summary:This white paper, published by the Federal Reserve highlights different ways that organizations – both individually and collectively– can work to mitigate synthetic identity fraud. Additionally, we summarize a number of external factors that impact mitigation, such as the regulatory environment.
PublishDate:7/2/2020 12:00:00 AM