Real-Time Payments

Even as real-time payments systems are proliferating around the globe, real time can mean many different things with vastly different implications to users of the system. The paper provides clarity on what a real-time payment is by exploring what real time means, outlining the challenges to implementing real time, and identifying major use cases and user impact.

EMV Smart Chips

Though millions of EMV”Europay, MasterCard, and Visa”cards have already been issued to cardholders nationwide, an October 1st deadline has been set to deliver any remaining computer chipped cards.  With this push comes an opportunity for scammers to use old tricks to install computer malware or phish for personal information via fraudulent emails.

SBM & China UnionPay

Though millions of EMV”Europay, MasterCard, and Visa”cards have already been issued to cardholders nationwide, an October 1st deadline has been set to deliver any remaining computer chipped cards.  With this push comes an opportunity for scammers to use old tricks to install computer malware or phish for personal information via fraudulent emails.

FTC & FDCPA

At the Federal Trade Commission’s request, federal courts in New York and Georgia have temporarily halted three debt collection operations that allegedly violated federal law by threatening and deceiving consumers via text messages, emails, and phone calls. The FTC seeks to permanently end the unlawful practices.

Money Transfers 2015

Nearly 70% of money sent through Western Union in the United States is picked up by receivers on the same day, with nearly one-third picking it up within one hour. Globally, nearly 70% of payouts made by Western Union are picked up by receivers in major remittance receiving countries within 24 hours as well.