Software company R3 has partnered with 22 of its member banks to create an international payment system based on distributed ledger technology (DLT), the firm announced in a press release Tuesday
Fiserv will acquire First Data Corp. for $22 billion in a payments processing deal that marks one of the biggest financial mergers in a decade and a win for private-equity giant KKR & Co
" On any given day, Google's Threat Analysis Group (TAG) is tracking more than 270 targeted or government-backed attacker groups from more than 50 countries
To stay abreast of how COVID-19 impacts payments and financial institutions, visit NEACH’s COVID-19 Information Center . COVID-RELATED SCAMS On a related note, the Federal Bureau of Investigation (FBI), Department of Health and Human Services Office of Inspector General (HHS-OIG), and Centers for Medicare & Medicaid Services (CMS) are warning the public about several emerging fraud schemes related to COVID-19 vaccines, says Rayleen Pirnie, Director of Fraud and Risk for NEACH. The FBI, HHS-OIG, and CMS have received complaints of scammers using the public's interest in COVID-19 vaccines to obtain personally identifiable information (PII) and money through various schemes, says Pirnie
There’s more to come from COVID-19 in the coming weeks where large and small fintech companies take a hit
Since the article indicates a July start and now an October pilot, we assume some sort of scrum effort between the teams, with a ‘to be available soon’ tag for Visa Direct as a payment option for Oracle clients using one of the company’s ERP systems, which typically will provide either some direct payables functionality or integrate with 3 rd party payables automation software: ‘Fueled with snacks, drinks, and cloud computing, the developers dug in, building a payment prototype that helps businesses better manage their cash flow and pay their suppliers and contractors quickly
" Nothing changes the status quo faster than a disaster, and it is often technology that helps us adjust – and that’s the case with the COVID-19 pandemic. Businesses have responded by automating tasks, expanding mobile and online channels, utilizing APIs to enable new products and partners, and Robotic Process Automation to reduce the number of employees needed to perform key processes."
"For weeks now, American consumers and businesses – everyone everywhere, really – have been desperate for the answers to three questions: Are we flattening the curve? When can we reopen the economy? What will life look like once we do?"
" The rapid spread of COVID-19 has affected nearly every individual on the planet in some way
Guardian Analytics, the security company fighting banking fraud, announced on Monday (Aug. 22) it is launching a real-time ACH service that protects against fraud risk created by Same Day ACH
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