AFP Fraudwatch: JPMorgan Cyberhack Not a Big Deal?
JPMorgan and four other banks were hit in a coordinated attack against major financial institutions. But the overall significance of the attack and the motives of the hackers themselves are still in question. So it might not be time to hit the panic button just yet.
New NACHA Rules Aim to Reduce Exceptions and Returns
NACHA has approved two new amendments to its operating rules to improve automated clearinghouse network quality by reducing the incidence of ACH transactions that result in exceptions and returns.
AFP Fraudwatch: 1,000 Retailers Hit by POS Malware?
Thanks to a warning about a highly dangerous malware that affects retailers at the point of sale, UPS discovered that some of its systems had been infected and has since eliminated the threat. Nevertheless, retailers aren’t out of the water yet—and it’s time for treasurers to take action. More than 1,000 U.S. businesses are now believed to have been affected by Backoff malware.
Bitcoin Breakdown: Could Bitcoin Move Beyond Payments?
Though bitcoin is known predominantly as a currency and payment method, the blockchain technology behind it has the potential to be a disruptive force to the financial system, according to a new report from research and consulting firm Celent.
Tips for Validating the Accuracy of Vendors’ W-9s
Recently on AFP’s discussion list corporate treasury and finance professionals discussed validating the accuracy of vendors’ W-9 forms.