Research suggests millennials are falling victim to bank fraud more than any other generation. Some say it is because millennials are handing money over to scammers due to the frequency of online payments in today’s society. This article provides useful information to avoid potential scammers, such as looking for misspellings in an email. Read the…
Details
Most consumers use ACH payments without even realizing it. Automated Clearing House (ACH) payments are electronic payments that move from one bank account to another with interception that routes it to the final destination. Businesses love ACH payments because they are easy and affordable. Read the article below for more information on how ACH payments…
Details
The Federal Reserve is developing a new payment and settlement method. This new program, titled FedNow, will modernize payment service, a program most consider to be long overdue. Read the article below for more information. The Federal Reserve recently announced its plan to develop a new payment and settlement service, known as FedNow, which would…
Details
The question “will technology disrupt retail banking?” is a common talking point among the banking industry right now. The current rate of investment is on pace to exceed $1 billion this year, double the total from 2018 and more than 6 times the total from 2017. Dealing with finances is a common stressor in our…
Details