Payments

Continuing my musings about financial crime, the score is pretty even between the good and bad fellas. The recent prominent breaches through WannaCry, Gmail, University of Oklahoma and many more, cybersecurity breaches have already reported a 40% increase. Banking and financial institutions have been the worst hit, with a reported loss of INR 3200 crore […]

There were some concerns when NACHA proposed Same day ACH clearance last year. Today, with the deadline approaching on September 15, 2017, banks and businesses are unequivocally certain about the benefits. A recent NACHA survey result reports a favorable reception for Same Day ACH rule. About 92 percent of respondents are ready to originate same […]