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Today In Digital-First Banking: Oracle Rolls Out Cybersecurity Apps For FIs; The ACH Reports Rise In Q3 Activity

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billion payments in Q3, marking a 9 percent rise over the same timeframe last year, according to Nacha. Fed Reserve, FinCEN Seek Input on Bank Secrecy Act Rule Changes. However, FinCEN has complete authority for the travel rule and will make its own proposals for amendments. To that end, the ACH Network saw 6.8

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The Role Of Reputation In Managing Risk

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The rule mandates that financial firms originating ACH transfers must identify and register their third-party sending customers with NACHA. The Consumer Financial Protection Bureau (CFPB) also has its value as a risk-monitoring source, she commented, as do state and local government agencies.

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