How Banks Can Control Fraud With FedNow Instant Payments
The Federal Reserve's FedNow Service will launch in July this year. Many banks, including community banks, will be able to leverage FedNow as an instant payment
Source: bankinfosecurity.com
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3 Ways to Get Your Income and Other Money Faster
When someone pays you cash, you have it instantly. But if that transaction is done online, be prepared to wait days to receive it. Even direct deposits — while more
Source: koamnewsnow.com
Fraud proliferates on popular money transfer app Zelle
The banks say it's not their problem, even though they own the system.
Source: startribune.com
Fraud Is Flourishing on Zelle. The Banks Say It's Not Their Problem.
Zelle, the payments platform used by millions of customers, is a popular target of scammers. But banks have been reluctant to make fraud victims whole — despite owning the system.
Source: nytimes.com