AFP Fraudwatch: Treasury Calls for More Information Sharing
U.S. Treasury Secretary Jacob Lew is calling on the financial services sector to improve its efforts to better protect consumer data and strengthen defenses against cyberattacks, thefts and disruptions. He also called for legislation that advances public-private sector information sharing.
Case Study: Improving the Collections Process
Greg Baldwin, Deputy Treasurer for Johnson County, Kansas, tells how
his office streamlined its collections process.
Bitcoin Breakdown: New York Unveils BitLicense Framework
The New York Department of Financial Services (DFS) has released the details of its proposed BitLicense regulatory framework. If passed, New York would become the first state in the U.S. to directly regulate virtual currencies.
July 2014 Payments Newsletter
This month saw the Foreign Account Tax Compliance Act (FATCA), which imposes a withholding tax on payments from U.S. sources to certain noncompliant foreign entities, finally take effect. Also this month, we look at cyber risk, which has become a top priority for companies.
Digital Payments to Nearly Double by 2019
The total value of digital payments is on course to reach $2.5 trillion this year, and the figure is expected to rise to $4.7 trillion by 2019. The biggest contributing factors to the rise are expected to be increased remote physical goods purchases and a surge in activity in emerging markets.