article thumbnail

Fed ‘Lapse’ Details Emerge In Bangladesh Bank Heist Case

PYMNTS

On Tuesday (March 22) officials in the Philippines reported that they have filed two criminal complaints against two businessmen believed to be the leaders of the heist that stole over $100 million from Bangladesh’s Central Bank.

Fed 40
article thumbnail

A Comprehensive Guide to FedNow

Payment Savvy

There’s also this thing called “request for payment capability” that lets customers ask for a specific amount of money from someone else, making transactions a lot more efficient. FedNow will also offer tools to help participants deal with any payment inquiries they might have.

FedNow 52
article thumbnail

How Hackers Stole $101M From A New York Fed Account

PYMNTS

The story behind the massive $101 million bank hacking that hit Bangladesh’s central bank last week just got even juicier. This has left officials across four countries digging for answers, and one top bank chief has turned in his resignation. And that’s what stopped what could have been a billion dollar hack.

Fed 22