Category: Banking

Same Day ACH: Drive Greater Acceptance by Engaging Customers

We’ve seen an interesting pattern developing among our advisory group members regarding Same Day ACH. Their initial tepid reaction to the product’s applicability within their company can turn much more favorable — but only when the discussion is kept alive. Successfully driving acceptance of same day ACH comes down to engaging customers.

Open Banking: A New Era of Payment Innovation

Open Banking will change the way payments are managed, not just in the UK but around the world. The objective is to improve competition and innovation in the payment industry, which reinforces the UK’s position at the forefront of payments. This is great news for consumers and businesses of all sizes for whom payments will become easier, more secure, and with an improved user experience.

Ring-fencing: How will it impact UK banks and their corporate customers?

Ring-fencing is a new regulation that requires the largest UK banks to separate their core retail banking services from their investment banking and international banking activities.

The changes this shift will require, impacting many customers whether they are businesses, consumers or indeed other banks, are numerous and complex to say the least.

Are Your Employees Working Together to Work Against You? Part 3

Monitoring user behavior and understanding that behavior in the context of typical network traffic are keys to building a solid security strategy that protects your organization from employee fraud collusion. It’s important to take that a step further however and also correlate activities in various channels and systems across the organization. Here’s why…

Are Your Employees Working Together to Work Against You? Part 2

Monitoring user behavior is the most important first step you can take to protect your organization against insider fraud losses.

Monitoring activity alone however isn’t enough. To more accurately identify fraud attempts it’s important to have context – and that’s where analytics come in.

Ask the Experts: Same Day ACH Phase 2 — Obstacles and Opportunities

Phase two of same day ACH is upon us, which means that Receiving Depository Financial Institutions (RDFIs) now need to allow for debit transactions designated as Same Day ACH to be processed and funds made available by the end of the RDFI’s business day.

While this new functionality allows for access to funds much more quickly than ever before, it also introduces a whole host of potential security concerns that need to be addressed.