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Themes & Takeaways From the 2022 Real-Time Payments & Fraud Management Summit 

Perficient

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators.

Fraud 275
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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

Federal Reserve has introduced a new effort to combat payments fraud. The API supports setup, verification and initiation of direct debit, with the bank’s head of global liquidity and cash management Yvonne Yiu pointing to the cash management benefits such a tool could bring to businesses. In the U.S.,

Fraud 266
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Efficiency now: 8 smart strategy tips

Independent Banker

As we enter budgeting season, the answers might be found in a mix of strategies. Before 2022, says Thomas Grottke, managing director at Crowe LLP, “a lot of factors were going right. Jeff Reynolds, managing director at Darling Consulting Group in Newburyport, Mass., Consider your branch strategy. By Elizabeth Judd.

Strategy 135
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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

Key Takeaways Like other federal relief programs, the PPP has become subject to fraud. The first federal charges of PPP loan fraud have been made – and they're unlikely to be the last. From 9/11 to Hurricane Sandy, and now, during COVID-19, federal relief funds aimed to help people rebuild after a disaster becomes subject to fraud.

Lending 195
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Fed Task Force Releases Payment Lifecycles And Security Profiles

PYMNTS

They also cover security methods — and identity management controls — along with relevant laws and regulations, among other topics. The profiles provide a perspective on the most common payment types, covering enrollment, transaction flow and reconciliation. Strong stakeholder collaboration is key to maintaining public confidence in the U.S.

Security 100
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Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.

Security 112
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IdentityMind Global Appoints Business-Tech Vet To Board

PYMNTS

Lauded by the company as a technology visionary, Zander joins a team who will work with IdentityMind Global president and CEO, Garrett Gafke, with the goals of guiding the company’s mobile business strategy and overall direction. Prior to joining Sun in 1987, he held senior management positions at Apollo Computer and Data General.

Boston 100