Title:U.S. Faster Payments Council Announces Board of Directors
Summary:The U.S. Faster Payments Council announced its first member election for its Board of Directors. In this inaugural election, FPC members voted in a Board that benefits both from continuity and fresh perspectives and as a principles-based organization, the FPC’s structure, and operations.
PublishDate:5/20/2019 12:00:00 AM
Title:Spring 2019 Progress Report to Improve the U.S. Payment System Highlights
Summary:The Federal Reserve continues to generate momentum toward the desired outcomes outlined in the Strategies for Improving the U.S. Payment System paper released in 2015. The Spring 2019 Progress Report released in April provides an update on the latest efforts toward the desired outcomes and presents next steps that will contribute to making payments faster, more secure and more efficient.
PublishDate:5/1/2019 12:00:00 AM
Title:FBI WARNS OF SCAM TO INVESTORS THROUGH FICTITIOUS LETTERS OF CREDIT
Summary:In March 2019, the Federal Bureau of Investigation (FBI) reported that scammers acquired lines of credit to buy large amounts of equipment by using email to impersonate an employee at a large university. These cybercriminals defrauded two defense contractors and the university for more than $150,000, all by pretending to be someone else.
PublishDate:4/30/2019 12:00:00 AM
Title:Ready Or Not, Faster Payments Will Impact Corporate Operations
Summary:Regardless of how corporates adopt faster payment technologies, many experts agree that the acceleration of payments in the country will have profound effects on the broader financial services space, and those changes are likely to impact how companies manage money and operate in a new ecosystem of payments innovation.
PublishDate:4/30/2019 12:00:00 AM