Task Force Assessments on ‘Faster Payments’ Due Mid-2017
The task forces convened as part of the Federal Reserve’s “faster payments” initiative have begun reviewing 19 specific proposals to...
Payments
Visa: EMV-Enabled Merchants Seeing Just Half of Previous Fraud
A year after the liability shift for card fraud based on readiness for chip card or EMV capability, merchants that...
CFPB, AmEx Study Finds Savings Incentives Effective
Providing small financial incentives to save can lead to lasting savings habits, according to a study of American Express prepaid...
ABA Op-Ed: EMV Adoption Has Made Consumers Safer
American consumers are safer today than they were one year ago thanks to the swift adoption of EMV technology, ABA...
NACHA Launches Same Day ACH
NACHA today launched Phase 1 of its same-day ACH initiative, which allows for the sending and receiving of ACH credit...
BAFT Publishes FATF Guidance for Wire Transfers
BAFT -- ABA’s global transaction banking subsidiary -- today released guidance and best practices related to the Financial Action Task...
DoJ Official Calls for National Breach Notification Standard
John Carlin, assistant attorney general for national security, today called for a federal-level law setting notification requirements after consumer data...
Data Theft Damages: Who Pays?
When it comes to data breaches, the hack of the archaic Myspace—the failed social media platform that was rendered obsolete...
Survey: Despite Card Fraud, Consumers Satisfied with Resolution
While nearly half of U.S. consumers believe they will experience credit or debit card fraud in the next five years...
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