https://www.atlantafed.org/blogs/take-on-payments/2024/05/13/who-are-the-12-million-people-living-in-banking-deserts?item=fc229ee4-8aa2-4a2b-bc79-fe8eb7ee813c fc229ee4-8aa2-4a2b-bc79-fe8eb7ee813c Monday, 13 May 2024 10:35:0 EST The rate of bank branch closures has doubled since 2020. Read this post to learn who may be most affected by banking deserts and why it matters. https://www.atlantafed.org/blogs/take-on-payments/2024/05/06/what-risk-officers-are-saying-about-2024?item=d769615a-6136-4998-afb0-6b3f4631f30d d769615a-6136-4998-afb0-6b3f4631f30d Monday, 6 May 2024 10:35:0 EST When it comes to fraud, risk executives aren’t changing their tune. Risk is rising, and the costs to fight fraud are soaring. Read this post for highlights of some recent surveys. https://www.atlantafed.org/blogs/take-on-payments/2024/04/29/nacha-rule-changes-to-fight-authorized-payment-scams?item=a2ff3595-b238-4689-9d6e-b1cb5411e2b7 a2ff3595-b238-4689-9d6e-b1cb5411e2b7 Monday, 29 Apr 2024 10:0:0 EST Consumers and businesses tricked into sending money to a fraudulent account will soon have a layer of protection at receiving financial institutions. Read this post to learn about upcoming amendments to Nacha rules that take effect beginning this fall. https://www.atlantafed.org/blogs/take-on-payments/2024/04/22/payments-paradox--cash-payments-down--currency-in-circulation-up?item=122e7702-9753-4a8a-b716-5635a1a72d9c 122e7702-9753-4a8a-b716-5635a1a72d9c Monday, 22 Apr 2024 10:0:0 EST Do you visit the ATM before a storm? Keep some bills hidden in your drawer? You are not alone. People tend to pay for items with a card or mobile device, but demand for currency continues to rise. Read this post for highlights from the Survey and Diary of Consumer Payment Choice. https://www.atlantafed.org/blogs/take-on-payments/2024/04/15/has-your-board-discussed-your-wire-transfer-strategy?item=baf5ae41-c84c-4531-8f15-8741a0537e8c baf5ae41-c84c-4531-8f15-8741a0537e8c Monday, 15 Apr 2024 10:0:0 EST How prepared is your financial institution prepared for next year's implementation of new messaging standards for wire transfers? Read this post for a discussion of what's happening with ISO 20022, as well as implications for instant payments. https://www.atlantafed.org/blogs/take-on-payments/2024/04/08/trust-and-design-of-bank-branches?item=2282a988-8dbf-4634-a7da-1af167993a5e 2282a988-8dbf-4634-a7da-1af167993a5e Monday, 8 Apr 2024 10:0:0 EST Read highlights from a recent report on what it takes to keep customers coming through the door, real world or digital. https://www.atlantafed.org/blogs/take-on-payments/2024/04/01/national-parks-and-cost-of-cash-acceptance?item=f7be34cd-debc-4713-b639-a4eb16597a45 f7be34cd-debc-4713-b639-a4eb16597a45 Monday, 1 Apr 2024 10:0:0 EST Refusing cash can exclude some people from full participation in the economy. Read Take On Payments to learn why some national parks don't take cash. https://www.atlantafed.org/blogs/take-on-payments/2024/03/25/drop-in-check-volume-doesnt-mean-fraud-will-fall?item=fd1cabd1-ee8e-4466-b5dd-bf43c10cabda fd1cabd1-ee8e-4466-b5dd-bf43c10cabda Monday, 25 Mar 2024 10:0:0 EST Check volume has been declining, but check fraud is booming. Read this post for mitigation tools and techniques. https://www.atlantafed.org/blogs/take-on-payments/2024/03/18/is-there-a-difference-among-faster-instant-and-real-time-payments?item=75948ff6-3a9b-49f0-8c8c-bbef0522bc60 75948ff6-3a9b-49f0-8c8c-bbef0522bc60 Monday, 18 Mar 2024 10:0:0 EST Faster, instant, and real-time payments are similar, but different. Take On Payments explains how the definitions are blurring. https://www.atlantafed.org/blogs/take-on-payments/2024/03/11/scam-factories--where-perpetrator-is-victim?item=ee6c718c-37f3-4091-a7ba-0caced25cade ee6c718c-37f3-4091-a7ba-0caced25cade Monday, 11 Mar 2024 10:0:0 EST What you may not be aware of is that the phone caller or emailer trying to trick you out of your money is sometimes also a victim, kidnapped and forced to work in a criminal enterprise. Learn more in this post. https://www.atlantafed.org/blogs/take-on-payments/2024/03/04/curtailing-authorized-push-payment-fraud-means-curtailing-phone-scammers?item=0cb9c332-e4f3-4bf6-ad57-df04f6347644 0cb9c332-e4f3-4bf6-ad57-df04f6347644 Monday, 4 Mar 2024 10:0:0 EST Imposter fraud resulted in the loss of about $2.7 billion in 2023. Read this post to learn more about it, including how we can best avoid it. https://www.atlantafed.org/blogs/take-on-payments/2024/02/26/supervisors-focus-on-payments-crypto-blockchain?item=4795601f-826a-45ef-8137-51468fa71f61 4795601f-826a-45ef-8137-51468fa71f61 Monday, 26 Feb 2024 10:0:0 EST What do you think is the safest way to make an online purchase? Two people with the same facts may make different choices. Read this post about how lack of trust can prevent some people from recognizing the benefits of digital payments. https://www.atlantafed.org/blogs/take-on-payments/2024/02/12/building-trust-in-payments-in-age-of-mistrust?item=8da1560a-35b9-4a50-88ef-f3efa878500e 8da1560a-35b9-4a50-88ef-f3efa878500e Monday, 12 Feb 2024 10:0:0 EST What do you think is the safest way to make an online purchase? Two people with the same facts may make different choices. Read this post about how lack of trust can prevent some people from recognizing the benefits of digital payments. https://www.atlantafed.org/blogs/take-on-payments/2024/02/05/looking-back-at-data-to-predict-instant-payments-future?item=e5e100bd-ee0e-485a-a9cf-6e88b38a513e e5e100bd-ee0e-485a-a9cf-6e88b38a513e Monday, 5 Feb 2024 10:0:0 EST How will consumers' payments behaviors change when instant payments are ubiquitous? Read this post for how current data could clue us in to some possible changes. https://www.atlantafed.org/blogs/take-on-payments/2024/01/29/cold-reality-of-authorized-push-payment-fraud?item=77289fd0-6f71-4852-b0a4-32b4e7f4d3d7 77289fd0-6f71-4852-b0a4-32b4e7f4d3d7 Monday, 29 Jan 2024 10:0:0 EST Credit-push payments could once be called warm and fuzzy a wire or a direct deposit through ACH nearly always meant money in your account. Read this post to learn how the cold reality of fraud may be calling for a new way of thinking. https://www.atlantafed.org/blogs/take-on-payments/2024/01/22/third-party-risks-and-credit-unions?item=601321e5-f4be-4077-ae8b-a8fad8b68d74 601321e5-f4be-4077-ae8b-a8fad8b68d74 Monday, 22 Jan 2024 10:0:0 EST Cyber attacks can happen to any financial institution, but a gap in regulatory authority may put credit unions at greater risk. Read this post for a discussion of third-party risk. https://www.atlantafed.org/blogs/take-on-payments/2024/01/08/overcoming-kyc-banking-barriers--lesson-from-mexico?item=7a382d52-4484-4f97-8846-284d5fe82bec 7a382d52-4484-4f97-8846-284d5fe82bec Monday, 8 Jan 2024 10:0:0 EST Banks' Know Your Customer restrictions may prevent some people from opening accounts. In seeking to reduce barriers to financial inclusion, what can we learn from other countries? Read this post about one country's approach. https://www.atlantafed.org/blogs/take-on-payments/2023/12/18/breaking-barriers-to-payments-inclusion?item=8a9a6458-d80a-4b6a-adf4-9c919e1dcf80 8a9a6458-d80a-4b6a-adf4-9c919e1dcf80 Monday, 18 Dec 2023 10:0:0 EST Payments inclusion means that everyone has equal access to efficient, secure, and affordable payment services. Read Take On Payments to learn about a committee that examined some of the factors that can get in the way. https://www.atlantafed.org/blogs/take-on-payments/2023/12/11/cash-p2p-apps-fast-food--is-there-generation-gap-in-payments?item=7654b779-2166-4ee4-845c-50d112677d00 7654b779-2166-4ee4-845c-50d112677d00 Monday, 11 Dec 2023 10:0:0 EST Each generation has its own preferences for holiday songs, with lots of overlap. Likewise, payments preferences can show generational differences and similarities. Read Take On Payments for more highlights from the Atlanta Fed's Survey and Diary of Consumer Payments Choice. https://www.atlantafed.org/blogs/take-on-payments/2023/12/04/listening-for-death-knell-for-screen-scraping?item=d6dff829-ce96-441b-a84f-b8a4bcf28785 d6dff829-ce96-441b-a84f-b8a4bcf28785 Monday, 4 Dec 2023 10:0:0 EST Screen scraping, or obtaining credentials for one account to use for another, is inherently risky, and the Consumer Financial Protection Bureau is aiming to move providers away from the practice. Read Take On Payments to learn more about the proposed rulemaking. https://www.atlantafed.org/blogs/take-on-payments/2023/11/27/holiday-shopping-with-buy-now-pay-later?item=7ae989ed-5ce8-4fbd-a4e2-8525a0e4b2a0 7ae989ed-5ce8-4fbd-a4e2-8525a0e4b2a0 Monday, 27 Nov 2023 7:0:0 EST BNPL can make purchasing gifts and other items easier for those with limited or no credit. This post gives its take on some of the pluses and minuses of this payment option. https://www.atlantafed.org/blogs/take-on-payments/2023/11/20/giving-thanks-for-easy-access-to-national-data?item=c600b697-3c98-46d4-a041-1638548c849b c600b697-3c98-46d4-a041-1638548c849b Monday, 20 Nov 2023 7:0:0 EST We are paying it forward for Thanksgiving. Read this post for a compilation of some data sources for those interested in payments and financial services. https://www.atlantafed.org/blogs/take-on-payments/2023/11/13/costly-war-against-ecommerce-fraud?item=78ff2f97-fca3-4834-abdd-b7b7dab6cec6 78ff2f97-fca3-4834-abdd-b7b7dab6cec6 Monday, 13 Nov 2023 7:0:0 EST What are merchants doing to fight costly fraud attacks? Many businesses have doubled their spending on fraud management over the past year. Read this post for a discussion. https://www.atlantafed.org/blogs/take-on-payments/2023/11/06/money-transmitter-regulation--key-to-payments-modernization?item=182ea27c-147c-4698-a932-2577c228558f 182ea27c-147c-4698-a932-2577c228558f Monday, 6 Nov 2023 7:0:0 EST Regulations for money transmitter businesses vary from state to state, which complicates compliance for nationwide businesses. Can standards make these businesses more efficient? Read this post to learn about some sample legislation that could help. https://www.atlantafed.org/blogs/take-on-payments/2023/10/30/how-do-you-say-irrevocable?item=a4fb4599-eeda-4192-bed1-be90f39614f8 a4fb4599-eeda-4192-bed1-be90f39614f8 Monday, 30 Oct 2023 7:0:0 EST IrREVocable or irreVOCable? Whichever syllable you stress, let this post tell you about the benefits of the irrevocability of instant payments.