YOUR NO-COST CONNECTION TO FASTER PAYMENTS NEWS
Catalyst strives to keep members informed of important developments impacting services and programs, as well as the industry in general. Recent Faster Payments news, insights, training and more are available on this microsite.
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July 11, 2022 | Glenn Wheeler
Human exploitation, lost/stolen credentials or scams that compel consumers to divulge or expose personal information keep payments fraud on the rise. Fraud via lost and/or stolen credentials alone increased nearly 80% over 2020, according to a 2022 Identity Fraud Study from Javelin Strategy & Research. With the addition of scam-related fraud, losses totaled $52 billion and affected 42 million U.S. adults.
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November 02, 2021 | Glenn Wheeler
Individuals and businesses want to send and receive money at the click of a button. In fact, two out of three consumers and three out of four businesses think it’s important that their financial institution offer faster payments, according to a 2020 Federal Reserve survey.
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October 08, 2020 | Glenn Wheeler
Despite challenges brought forth by the COVID-19 pandemic, the nation’s faster payments initiative is still pushing forward in 2020. The Faster Payments Council recently held its virtual Fall Member Meeting to share critical, emerging information and engage in dialogue supporting faster payments progress.
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