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Swift introduces fraud tool but comes under pressure from hacking group NSA claims
Swift has revealed a service designed to help banks spot fraudulent messages and avoid a repeat of the now infamous Bangladesh Bank hack. Customers are able to integrate the service directly into their Swift messaging flows, making it easier to detect unusual patterns, screening the messages according to their own chosen risk and compliance policies. Launched as [...]
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ACH volume grows to more than 25 billion payments and $43 trillion
Following four consecutive quarters of more than 5 billion electronic payments in each quarter – a first for the ACH Network – overall volume in 2016 amounted to 25.6 billion transactions,[1] according to new statistics released by NACHA — The Electronic Payments Association. This represents an increase of 5.3% over 2015 volume, and is the [...]
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Apple Pay funding added to Western Union to enable mobile money transfer
Western Union says that US customers using its mobile app can now pay with Apple Pay when sending money transfers originating in the US to more than 200 countries and territories worldwide, including domestic bill payments. The capability to pay with Apple Pay for sending money transfers through the Western Union app in the UK is planned for [...]
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Global Blockchain startup map
The blockchain ecosystem made great leaps forward in 2016, with dozens of new companies, funding rounds and partnerships making headlines. But who is doing what in the Blockchain ecosystem ca be challenging to keep up with. Here is the definitive Blockchain startup map to help you navigate.
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New highs of Bitcoin price inspiring a new wave of scams
The surge in Bitcoin price has led to an uptick in related crimes during the first three weeks of March, just as the cryptocurrency was moving to integrate into conventional financial markets – new research from the security firm ZeroFox shows. The scams varied from straightforward phishing attempts to more elaborate pyramid schemes — but in [...]
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