Microdeposits and Instant Payments: A Revolution in Account Verification
May 1, 2024—In April, the FedNow® News introduced its Innovation Spotlight series, this month covering the benefits of a powerful use cas...
Risk, Fraud, Security & Compliance
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Examiners’ Expectations of Liquidity Management
May 1, 2024—Managing a credit union’s exposure to interest rate fluctuations and maintaining sufficient liquidity buffers is crucial for...
Cybersecurity Awareness: Deepfake Threats
October 1, 2023—Synthetic media is a blanket term used to describe a broad scope of highly realistic examples of AI-generated media—beli...
Cybersecurity Awareness: Synthetic Identity Fraud
October 1, 2023—The Federal Reserve (Fed) defines synthetic identity fraud as “the use of a combination of personally identifiable i...
Myths and Misconceptions about the FedNow® Service
August 1, 2023—Since the Federal Reserve’s 2019 announcement of their intent to build a 24/7/365 interbank settlement service, misin...
Consumers Warned about Non-Bank Payment Apps
August 1, 2023—According to 2022 surveys by Consumer Reports and the Pew Research Center, more than three quarters of Americans have used ...