The Electronic Payments Network (EPN) is to take proactive steps to reduce fraudulent activity in the US ACH system. The organisation has launched its ‘Early Warning Fraud Detection Reporting Service’ to help financial institutions tackle the increasing number of incidents of fraud in the ACH network. Criminals are beginning to become familiar with ways to misuse electronic payment systems, said the EPN. In a recent study conducted by The Clearing House, nearly 38 per cent of large-revenue companies and between 8 and 10 per cent of small and mid-revenue companies experienced unauthorized debits in the six months preceding the study. EPN’s new reporting service has three reports to monitor specific types and amounts of return activity looking for patterns of abuse: corporate unauthorized report; unauthorized threshold report and; invalid account threshold report.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more