Non-Bank Payment Amount Third Party Vendors 
PYMNTS
JUNE 20, 2019
Among the largest threats in this area is redirect payment fraud, in which a bad actor infiltrates company emails or systems to change bank account details, payment amounts, and other key information to redirect B2B payments to a different account for personal gain.
Finovate
OCTOBER 16, 2024
Federal Reserve’s instant payment service went live in July of 2023. Now, 15 months later, adoption rates have been unpredictably slow, especially when it comes to banks that are able to send FedNow payments. Banks connected to the FedNow network range in size from under $500 million to more than $3 trillion in assets.
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