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57 "early adopter organizations" have now been certified to participate in the U.S. Federal Reserve's FedNow instant payments program that will be rolled out later this month (July, 2023). Cleveland Federal Reserve President Loretta Mester stated yesterday that the FedNow program "should help ensure financial stability should bank stress arise," by limiting withdrawals. Last month (June, 2023), I reported how The Consumer Financial Protection Bureau (CFPB), an organization linked to the Federal Reserve, published a warning to consumers stating that funds held in popula...

While the Federal Reserve did not offer the specific date for the service's official launch, it announced that 41 banks and 15 service providers have successfully completed the testing and will be

As usual, the NPE’s were active in January after an extended holiday break. Frequent filers included Bassfield IP, Cedar Lane Technologies, Digi…

The threat intelligence team of AI-driven Singapore-headquartered CloudSEK discovered a threat actor advertising a database of 1.2 million cards for free on a Russian-speaking Dark Web cybercrime forum.

Cyber-security researchers on Wednesday said they have discovered a massive leak involving over nine million cardholders' financial data that includes