This month, we begin with a look at the results of the 2014 AFP Payments Fraud and Control Survey, sponsored by J.P. Morgan. While corporate fraud decreased overall, card fraud spiked. The good news is that companies are recognizing the threat and adopting additional security measures. Also this month, we bring you our exclusive coverage of the recent NACHA Payments conference in Orlando, Fla. We review the results of a recent study done by the Federal Reserve Bank of Richmond on the effects of the Durbin Amendment. The study confirms what AFP has been hearing from retailers for a while— acceptance costs for sales $10 or less have increased and are hurting merchants’ bottom line. Also from the conference, NACHA offers further details on its new approach to same-day ACH settlement, which includes three settlement times per day. Elsewhere in this issue, we provide tips on what corporate treasurers can do to stay safe from the treacherous Heartbleed vulnerability.
ABOUT THIS NEWSLETTER
AFP Payments is a monthly newsletter delivering best practice information, news and analysis of global payments challenges, regulations and emerging technologies. As the world migrates from paper-based to electronic payment methods, financial professionals and others need to stay atop developments ranging from new card-based payment options, to changes in banking practices, to regional payments concerns around the world.