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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Aligning with HM Treasurys Strategic Framework: Firms should closely monitor and align with HM Treasurys overarching strategies, such as the National Payments Vision. This can help ensure smaller firms are not disproportionately burdened, preventing unnecessary market exits and maintaining diversity in the payments ecosystem.

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Senators push payments fraud task force

Payments Dive

Mike Crapo (R-ID) speaks as Treasury Secretary Scott Bessent appears before a Senate Finance Committee hearing on June 12, 2025 in Washington, DC. T he Task Force for Recognizing and Averting Payments Scams Act was announced Tuesday by Senators Mike Crapo, an Idaho Republican, and Senator Mark Warner, a Virginia Democrat.

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Visa, FIS boost value-added card services

Payments Dive

The acquisitions will support the company’s payments, anti-fraud, treasury and supply chain management offerings. In February, the company confirmed its purchase of digital corporate banking services company Dragonfly and supply chain finance software provider Demica. Sign up A valid email address is required.

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Crypto Leaves the Wild West Behind as Regulations Take Over

Fintech News

Although the industry experienced breakneck growth, it also opened the floodgates to scams, volatility, and criminal misuse. Just a couple of days back, the US Department of the Treasury’s Office of Foreign Assets Control sanctioned a North Korean cyber actor who was involved in an IT worker scheme. The purpose?

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As Federal Checks Disappear, Banks Face Surge in ACH Payments and Rising Fraud Risks

Finextra

In fiscal year 2023, approximately 96.45% of Treasury disbursements were made via electronic funds transfer, or EFT, compared to just 3.55% by paper check. Notably, the median paper check issued by Treasury is around $4,861, meaning even a small percentage of checks involves substantial dollar amounts.

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Why small banks may shun Zelle

Payments Dive

Department of the Treasury as a way to accept payments from taxpayers and send out tax refunds, eliminating the need for paper checks, noted Tony DeSanctis, senior director of payments for the consulting firm Cornerstone Advisors. “Our Nevertheless, some of the seven banks that own EWS have taken steps to address scams and fraud.

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Open banking survey 2025: Insights from 500 UK SMEs

The Payments Association

Shivani McCormack EMEA Treasury Product Specialist, Bank of America “While fraud concerns and low consumer awareness hinder open banking adoption, retailers are equally deterred by the lack of a clear customer dispute process. Read More »