In the financial services sector, payment rail networks are a valuable resource for quickly moving and settling payments between parties. As more companies go global and engage in cross-border trade, these rails will face increased demand to efficiently deliver money, and there will be a...
When it comes to expanding operations, it pays to think globally. As more companies take their operations to the world stage, a growing group of international players will need to find fast and secure ways to pay their business partners in other countries. Because no...
DDoS attacks are among the most serious cyberthreats. During these events, multiple compromised computer systems launch attacks on one or several parts of an organization’s infrastructure. The following Deep Dive examines how DDoS attacks work, the toll they can take on FIs and the steps...
With stolen consumer credentials being readily sold on the black market, account takeovers have become a $5 billion a year problem. But expensive security solutions won’t help, says Dave Endler, co-founder and President of SpyCould, if consumers don’t take steps to protect themselves. In the...
In the quest to make payments smarter, speeding up transaction times isn’t always enough. Payments must also be made safe from fraud and other cybercrimes. Increasingly, players from around the financial services space are looking for new ways to fight against fraud and protect payments...
The U.K.’s open banking initiatives have been in place since January, intended to encourage greater competition in the financial services space by making it easier for FIs to secure and share consumer data. The following Deep Dive examines the state of open banking, how the...
Legacy infrastructure used by traditional banks and innovations offered by FinTechs don’t often speak the same language. To get the two working in harmony, says George Throckmorton, managing director of NACHA's Advanced Payments Solutions Group, the industry needs to implement a common standard. In the...
New technology and innovations are pushing the payments industry forward, making transactions speedier and safer than they were before. But the emergence of new tech in the financial services market is also inviting new challenges, especially as older and newer FIs compete for the same...
Several nations and financial institutions have launched their own efforts to improve the speed of payments, including the U.S., the U.K., Australia and the European Union. These systems are able to deliver payments to millions of users and collect and transmit data in the process....
