Risks and Fraud with FedNow
Risks and Fraud with FedNow
Library:
The Federal Reserve's recently announced the FedNow® service that has the potential to revolutionize the payments industry. This instant payment service will offer quick and reliable payments, providing a secure and cost-effective way for businesses and consumers to make and receive payments. However, with the increase in speed and convenience, there is also an increased risk of fraud and potential cybercrime. To protect against this, banks, credit unions, and other payment providers must have an understanding of the risks associated with the use of this service and the necessary solutions to mitigate them.
Instructor:
Kevin Olsen
Standard Price:
Included With Membership
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Description
Instructor
BankersHub Membership
The Federal Reserve's recently announced the FedNow® service that has the potential to revolutionize the payments industry. This instant payment service will offer quick and reliable payments, providing a secure and cost-effective way for businesses and consumers to make and receive payments. However, with the increase in speed and convenience, there is also an increased risk of fraud and potential cybercrime. To protect against this, banks, credit unions, and other payment providers must have an understanding of the risks associated with the use of this service and the necessary solutions to mitigate them.
