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News Items Archive


For NACHA's Same Day ACH, The Debit Debut
In payments, some rollouts come with fanfare. Apple comes to mind. Fitness watches are a recent entrant of pageantry.
For NACHA, there's a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. No confabs here, or webcasts with smoke and mirrors and rock music. Think of it as a quiet sea change amid the financial landscape.
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CLEARR And CHOICE On The Hill, But Not On Payments Regs
Lest you think the words above are incongruous, consider they're all connected by a spate of legislation looming large on Capitol Hill, with the potential to impact everything from banking firms to payday lenders to the Consumer Financial Protection Bureau (CFPB).
read more >>



SWIFT Has 22 Global Banks Join Its Blockchain Proof Of Concept Initiative
SWIFT has announced news that 22 global banks recently joined its blockchain proof of concept (PoC) initiative, which is part of the company's global payments innovation (gpi) service aimed to "re-arm the correspondent banking system for a new age of technological disruption."
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Faster Payments in the U.S. (As It Has Unfolded So Far)
The Fed's task force has made a lot of progress, and on some fronts the results look promising. So why does it seem like the creation story of Visa and Mastercard all over again?
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Happy 10th Anniversary iPhone
"An iPod, a phone and an internet communicator... Are you getting it? These are not three separate devices. This is one device. And we are calling it iPhone."

That is how the world first met the iPhone a little over ten years ago in January 2007, when Steve Jobs took to the stage to announce Apple's latest and greatest innovation. The world stopped what it was doing to take a look.
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Dodd-Frank Rollback Tops Regulatory Landscape
In examining what was the top of mind news amid regulatory reforms and action, the biggest event (stateside at least) was, of course, the legislation approved by the U.S. House of Representatives to roll back tenets of the 2010 Dodd-Frank Act.
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Bitcoin at $2,000: The Digital Currency’s Heady Ascent Obscures Its Payment Function
Like it or not, Bitcoin has momentum behind it. On Saturday, the digital currency breached the $2,000 level for the first time ever, and by Monday morning it was trading just shy of $2,200, according to CoinDesk, an online service that tracks cryptocurrency.
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CFPB Revamps Structure, Debuts "Celebrity Director' At Trump's Urging
In an effort to make everyone happy, the CFPB has taken a page from the Donald Trump show business canon.

"In effect, we are going to have a rotating cast of celebrity apprentices," explained current-but-soon to be former Director Richard Cordray, at a press conference called hastily on April 1. "We came up with the idea for this when we had a meeting with President Trump and some of his producers - I mean, staffers. The best way out of a constitutional showdown is a bit of the ol' razzle-dazzle."
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PYMNTS' 2017 New Year's Resolutions
As PYMNTS puts away our party noisemakers until next year and throws out our novelty New Year eyeglasses, never to be worn again, we realize that the time is nigh - resolution season 2017 has begun! So get ready to hit the gym, stock up on fruits and veggies, recycle more, be kind to your neighbors and take some more of those vacation days. Until mid-February, at least.
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ACH Volumes Continue Their Hot Streak With Nearly 6% Growth in the Third Quarter
Continuing the stepped-up growth rate it's seen for nearly two years, the automated clearing house network's transaction volume grew 5.7% in the third quarter, slightly better than the second quarter's 5.6% growth.
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2016 AFP Electronic Payments Survey
Report of Survey Results
J.P. Morgan is once again pleased to sponsor the AFP Electronic Payments Survey. As changes in regulations, technology and business models continue to evolve, we remain committed to advocating for corporate practitioners and providing them with innovative solutions and perspectives on industry developments. Sponsoring this research is part of that mission.
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Forty Is The New Faster (Payments)
More than 40 years after its debut, the Automated Clearing House Network becomes the first payments system in the country to offer ubiquitous faster payments to every consumer and business in the U.S. via all banks and credit unions.
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Ready Or Not (Corporates), Here Comes Same Day ACH!
The payments industry may be more than ready for the long-awaited launch of Same Day ACH, but can the same be said for businesses and corporates? In this week's episode of NACHA's Countdown to Same Day ACH podcast series, Rob Unger, Senior Director at NACHA, gave Karen Webster a glimpse into the corporate side of Same Day ACH and what a business needs to pay attention to as the launch nears.
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NACHA On The Hill: Inside Same Day ACH
In May 2015, NACHA received approval from its membership to amend the NACHA Operating Rules to add two new settlement windows that enable same-day settlement and posting for ACH transactions. Any originating institution can offer products that clear on the same day, knowing that all receiving institutions will be required, per the rule change, to process the transactions that same day.
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Brexit Fallout: 8 Items for Treasurers to Consider
The implications of the Brexit vote may take months, if not years, for corporate treasury and finance to absorb.

The Brexit vote will force treasury and finance departments to hold a difficult but critical conversation with senior management and the board. At issue: nothing less than how to structure and operate corporate treasury and finance in post-Brexit England and the EU.
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Payments' Innovation Half-Year Progress Report
At the start of the year, I wrote a piece that outlined six trends that I suggested would set the agenda for payments innovation and commerce reinvention in 2016. The foundation for those six trends was the ability for innovators to leverage the near ubiquity of mobile devices and the ability to connect those devices - and many others - to the internet.
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What's Trending So Far In 2016
We're two days away from the official start of the halfway mark of the year. And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond.
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Certified Treasury Professional (CTP) designation
The Certified Treasury Professional (CTP) designation sets the standard in the treasury profession and is a global symbol of excellence. It signifies that you have demonstrated the knowledge and skills required to effectively execute critical functions related to corporate liquidity, capital and risk management.
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How Lipstick Plus Payments Equals The Internet of Things
Let's go back for a minute to the year 1999.

It was just about a decade years after Tim Berners-Lee gave people the ability to actually use the Internet via World Wide Web.
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Ex-NSA Director: 'Cyberthreats As Bad As Ever'
"The threats in cyberspace are as bad as it's ever been."

Not exactly the most comforting words coming from Gen. Keith Alexander - the former director of the NSA who served under presidents George W. Bush and Barack Obama. Alexander, at PYMNTS' Innovation Project 2016 last week at Harvard, gave a sobering reality check about the cybersecurity threats that could become an even scarier reality in the click of a button.
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Sen. Durbin Suggests That the Big Networks Have Too Much Power Over Chip Cards
U.S. Sen. Richard Durbin, author of 2010's controversial Durbin Amendment, wants to know about the inner workings of EMVCo, the chip card standards body owned by the six largest global payment card networks. A statement Thursday from the Illinois Democrat says Durbin is "seeking information on whether the deployment of this technology in the United States is adequately preserving competition and protecting consumers."
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ACH Transaction Growth Cooled Slightly but Still Remained Strong in 2015's Fourth Quarter
The automated clearing house network's strong growth run continued in 2015's fourth quarter, exceeding 5% for the fourth quarter in a row.
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With Its EMV Conversion Nearly Complete, Canada's POS Debit Fraud Falls to New Low
Canada's Interac Association PIN-based debit card network once again is reporting lower fraud losses as the country's conversion to the EMV chip card standard nears completion.
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CFPB Pushes Banks Toward Low-Risk Checking Services
In its latest address, the CFPB has urged banks to improve checking account access by offering lower risk, lower cost checking account options.
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The Year In X-Border
In 2015, the opportunities in cross-border commerce were limited only to the size of the globe itself... yet merchants seem ill-prepared to seize them. The PYMNTS Cross-Border Payments Optimization Index measures how much work remains for a merchant community that has only seen the very beginning of what can be achieved.
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2015's Faster Payments Play For 2016
For NACHA, the year 2015 will be defined by a solution that will go into effect in September of 2016. That solution, of course, is Same Day ACH, which was adopted by NACHA's membership in a nearly unanimous vote in May.
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As Traffic Heats up, the ACH Continues To Expand at 5%-Plus Rate
Transactions on the automated clearing house network grew 5.4% in the second quarter, the second straight period of 5%-plus expansion for the 40-year-old system, which reaches virtually every financial institution in the country. That's according to numbers reported by NACHA, the organization that regulates the ACH.
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Why Signature Authentication Trumps PINs When It Comes to EMV Credit Cards
Just 45 days to go until the Oct. 1 deadline for EMV in the United States, and among the issues over which merchants are still wrangling with banks is whether EMV chip cards should be universally issued with PINs--credit cards as well as debit.
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Xoom Acquisition Shows PYPL Strategy
If anyone doubted PayPal's intention to move beyond its retail payments and merchant services roots and enable the seamless management and movement of money for consumers around the world, those doubts were quashed yesterday (July 1).
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With a Lower Interbank Fee, NACHA's Same-Day Settlement Plan Wins Approval
The voting members of automated clearing house network regulator NACHA have approved a plan to allow for same-day settlement of ACH transactions, NACHA announced Tuesday.
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As P2P's Popularity Shoots Upward, Facebook Enters the Game With Messenger
The viral popularity of peer-to-peer payments among younger consumers hasn't gone unnoticed at the massive social networks that serve their needs for instant communication. Facebook Inc. on Tuesday said it has introduced a P2P payments service on its Messenger platform and will be rolling it out across the country "over the coming months" for mobile devices running Android and iOS and for desktop computers.
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'Big Three' Credit Reporting Agencies Are Heading Toward An Overhaul
Equifax, Experian and TransUnion - the three biggest companies that collect and disseminate credit information on American consumers - have agreed to change how they report data on unpaid medical bills and how they address errors on user reports.

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NACHA's CEO On The Fed's Faster Payments Proposal
After many months of sitting on "pins and needles," waiting for the Fed to disclose more specifics on its plans to deliver "faster payments" here in the U.S., the world got the results. And, a result that MPD CEO Karen Webster described as somewhat "anticlimatic." The Fed's plan to improve payments in the U.S. is to organize a "heterogeneous" task force in the early part of 2015, to sort it all out.
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Obama Proposes National Breach Notification And Privacy Laws in Wake of Data Thefts
In the wake of a barrage of data thefts affecting tens of millions of U.S. citizens, President Barack Obama on Monday proposed national legislation to regulate breach notification.
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2015 AFP Business Outlook Survey
2014 was a rollercoaster year for the U.S. economy. Harsh winter weather during the first quarter of 2014 throughout most of the country also put a freeze on business activity. But as the weather moderated, business activity roared back, generating what turned out to be the best six-month period for economic growth in 12 years.
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NACHA Opens Comment Period for Its New Proposal to Launch Same-Day ACH Settlement
NACHA on Tuesday opened for comment a sweeping proposal to introduce a same-day settlement mechanism for the automated clearing house network. The comment period will run through Feb. 6, the regulatory body for the ACH announced.
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Weird Stuff In Payments
"The path to any success is lined with disasters."
Adam Davidson wrote a pretty thought-provoking article on failure that was published in The New York Times a couple of weeks ago. This quote from his piece sums up his assertion that innovation today is a series of great ideas quickly displaced by innovators who use new technologies and tools to create something even greater, bigger and more desirable.
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Remain Calm: Mobile Pay Will Boom, but It Doesn't Warrant a Media Frenzy, Analyst Says
Mobile-payments volume will nearly triple from $51.5 billion this year to $141.7 billion in 2019, according to a new report from Forrester Research Inc. That's pretty exciting news for payments networks, processors, banks, tech specialists, and others with a stake in the budding sector.
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When's A Token Not A Token?
There are three things that consumers, merchants, issuers and card networks all want from a payments experience: that it be secure, that it be easy to use and that it be available to consumers at all of the places they want to shop. The payments ecosystem has spent the last five decades building, supporting and evolving an infrastructure to deliver on that promise.
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Pressure Builds for Faster Payments As The Clearing House Plans for Real-Time Settlement
The effort to bring faster payment settlement to the United States gained momentum this week with an announcement by The Clearing House Payments Co. LLC that it plans to build what it calls a "real-time payment system." The New York City-based organization, which is owned by the largest financial institutions in the country, said late on Wednesday the effort will be a "multiyear" endeavor involving its member banks.
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Cybersecurity: The New Challenge for Treasurers - Thoughts And Best Practices From AFP
The New Challenge for Treasurers Cybersecurity is on the top of treasurers' minds these days, and for good reason. Reports of massive data breaches at major companies surface on what feels like a weekly basis. Yet there are measures that treasury departments can take to mitigate these risks, such as purchasing cyber insurance, making improvements to overall security systems, and working with law enforcement when a breach is detected.
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How Basel III Will Shake Up Banks' Deposit Strategies
Financial institutions are beginning to get a better grasp on Basel III as they work their way through compliance efforts. Those that strive to be ahead of the game are busy reinventing products and developing innovative ways to tip-toe around the regulation in order to maintain profitability while meeting liquidity coverage ratio requirements.
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Apple Pay, Now That Weve Sobered Up
Just about everyone seemed absolutely giddy over Tim Cook's breathless announcement of how Apple is revolutionizing payments. I'm hoping now that maybe, with a couple of weeks' of distance and with at least some of you experiencing the buggy iOS8 operating system, I can make some sobering comments without being treated like the skunk at the picnic.
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Effective in 2015, Two New ACH Rules Will Change Returns Threshold, Impose New Fees
The regulatory body for the automated clearing house network on Tuesday unveiled two new network rules that, among other changes, will lower a key threshold for unauthorized returns, impose new fees on originating banks for unauthorized debits, and hand new enforcement authority to the ACH regulator, Herndon, Va.-based NACHA.
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Five More Years - Says The CFPB
Hoping to make it easier for financial institutions to comply with new consumer protections for international funds transfers, the Consumer Financial Protection Bureau (CFPB) on Friday (Aug. 22) released final revisions to the remittance rule it approved in April. The revised rule provides banks and credit unions additional time to meet certain disclosure requirements.
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Bitcoin Hits A Wall (And Drops)
As summer wanes, the news about bitcoin is starting to heat back up, but not in a good way. The price of bitcoin is dropping a bit and the CFPB is warning consumers against its use in a big way. CFPB Director Richard Cordray said, "Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage in the market."
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EMV Cards To Top 575 Million In U.S. In 2015
More than 575 million U.S. payment cards will include EMV chips by the end of next year, according to a statement issued jointly from Visa and MasterCard on Wednesday (Aug. 13). That number is partially based on EMV shipment plans from nine key card issuers...
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When Cybercrooks Target ERP Platforms
Who would have thought that malware placed in handheld product scanners could jeopardize the security of enterprise resource planning (ERP) platforms? But a Chinese manufacturer stands accused of conducting such an attack, enabling firmware in the devices to harvest businesses' financial and customer information and other proprietary data.
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Is An Apple iBeacon Transmitter The Path To Payments?
Apple is a hardware company, yet where's Apple's own transmitter to support its iBeacon technology? It might just be on its way.
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PayPal Now Offering Next Day Settlement
Starting this month, PayPal will be offering Next-Day Settlement (NDS) for eligible businesses in the U.S. as part of a pilot program.
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Target Breach's Impact On Debit Issuers Tallied
A newly released debit card issuers study paints a vivid picture of the impact the Target breach had on their card programs last year.
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Though Facing Slim Odds, A Merchant Group Takes Its Durbin Case to the Supreme Court
Arguing that a federal appeals court "disregarded the plain letter of the statute," a group of merchants and merchant associations is preparing a request to the U.S. Supreme Court to review a case in which it is battling to overturn the Federal Reserve Board,s interpretation of the Durbin Amendment's debit card interchange restrictions and routing rules.
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Will Apple Become The American Express of Mobile Payments?
Today is the day that we might actually get a peek into Apple's playbook on mobile payments.

Anyone who hasn't totally tuned out the news last week knows that Apple is hosting its worldwide developers conference today, also known as WWDC. In anticipation of this event, there's been a steady drumbeat of articles professing to know Apple's moves with respect to payments, which we all know is pretty hard to believe since Apple's penchant for secrecy and a human being's propensity for blabbing anything they're told "in confidence," especially when it comes to Apple, are at serious cross purposes. Those who may be in the know on even the slightest bit of Apple's plan also know that if they did blab, they'd be cut out of the Apple equation...
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The Great Migration: How EMV Will Overcome the Hurdles
THE PATH TO EMV
EMV has brought secure, convenient, and groundbreaking payment services into the spotlight. Major payments brands have already announced roadmaps for the U.S. migration from magnetic strip cards. Yet EMV cards have been circulating in the U.S. since 2010, and according to Gemalto, there have been some unexpected surprises along the way. One surprise, of course, was the Target breach that brought payment security to the public audience.
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U.S. Readiness for EMV at a Low Ebb Despite Looming Deadline, Report Warns
With a crucial deadline looming in 2015, the U.S. payments industry will have only partially converted to the Europay-MasterCard-Visa (EMV) chip card standard by the end of that year. Indeed, it will likely take years to equip small merchants especially to accept EMV, according to a report released Tuesday by Javelin Strategy & Research, Pleasanton, Calif.
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Putin to MasterCard And Visa: "Pay Up"
As many familiar with the situation had expected, Russian President Vladimir Putin has signed into law legislation that puts major constraints on foreign card brands doing business in that country, especially Visa and MasterCard.
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Is Bitcoin Really the Next Internet?
Everyone who encounters bitcoin for the first time must grapple with how it works, and what it means.

The former is relatively easy enough to learn, the latter however is something that everyone seems to have a different opinion on. 'Is bitcoin the next Internet' seems to be the question behind news articles and passionate debates alike.
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2014 AFP Payments Fraud and Control Survey Report of Survey Results
J.P. Morgan is proud to once again sponsor the AFP Payments Fraud and Control Survey for the sixth consecutive year and we are pleased to provide you with a complimentary copy of AFP's 2014 report. The 2014 survey results show that now, more than ever, the need for new security models and strict controls should remain at the forefront for all organizations across the country and across the globe.
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NACHA's Latest Gambit for Faster Payments Stirs Cautious Optimism Mixed with Wariness
A fresh proposal to introduce a same-day settlement capability for the automated clearing house network is encountering cautious optimism mixed with a healthy dose of skepticism among expert observers.
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Durbin Wants To Know How Well His Debit Card Fraud-Prevention Adjustment Is Working
In the wake of recent data breaches at Target Corp. and other retailers, U.S. Sen. Richard Durbin, author of a famous amendment that regulates debit card interchange, and an ally want to know how well a provision in the amendment that gives a debit card issuer an extra penny in interchange for taking fraud-control measures is working.
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New SEC Commissioner Takes Aim at FSOC on MMF Regulation
While not structurally risk susceptible, money market funds continue to pose systemic vulnerabilities through the short-term liquidity they afford to banks, says recently-appointed SEC Commissioner Michael Piwowar.

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2014 AFP Business Outlook Survey
What's ahead for the economy and business environment in 2014? According to results from the 2014 AFP Business Outlook Survey, business conditions are expected to improve next year. In fact, more than half of financial professionals anticipate business conditions to improve during 2014, the largest percentage suggesting such improvement since before the recession of 2008-2009.
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Watch The Dollar In 2014, But Not Because Of Bitcoin
Investors, boards, CFOs, and corporate treasurers take heed: in 2014, the U.S. dollar and its impacts will surprise those who are not prepared.

Not because 2014 will be the year a digital currency like Bitcoin kills the banknote (it won't be). And not because the Chinese yuan is taking over the world (it isn't).
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Yuan Hits milestone in Trade Deals
China's burgeoning influence on the world economy reached a milestone as use of the yuan in trade finance overtook the euro and the yen.

Importers and exporters used China's currency for 8.7% of their financing agreements with trade partners in October, up from 4.4% a year earlier, according to Swift, a financial-services firm that monitors international currency flows.
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Senate Hearing Recognizes Bitcoin's Strengthening Toehold in Electronic Payments
Might the Bitcoin digital currency be heading toward legitimacy among skeptical regulators and law-enforcement officials? Testimony at a U.S. Senate committee hearing Monday indicated that government may be ready to make peace with Bitcoin and, by extension, other new digital forms of payment, though if and when these new systems gain full acceptance is still very much unknown.
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2013 AFP Electronic Payments Survey Results
Report of Survey Results
This year's survey outlines new and encouraging payment trends, it helps us affirm crucial
constraints practitioners face when attempting to adopt these trends.
More than 70% of organizations are struggling to convert to electronic payments, citing customer/supplier hesitance to adopt and IT barriers as major obstacles.
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Only $36 Billion of $2.1 Trillion Bill-Payment Market Paid Via Mobile Devices
The impact of tablets and smart phones on payments is largely unfelt in bill payment with only $36 billion of the $2.1 trillion in annual bill payments made by these mobile devices, finds a new report from consultancy Javelin Strategy & Research. That equates to about 5% of U.S. consumers.
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Fed Nominee Yellen Likely to Focus on Lowering Unemployment
President Obama Wednesday nominated Janet Yellen to chair the U.S. Federal Reserve Board. If confirmed, Yellen would be the first female Fed chair and the first appointed Democrat in 34 years.
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Dueling Studies Reach Opposite Conclusions About Consumers' Durbin Savings
Durbin Amendment critics have long accused merchants of pocketing the billions they've saved since the amendment's highly controversial debit card interchange price controls took effect two years ago Tuesday. Now, however, retailers are rolling out a study estimating that merchants passed on $5.86 billion in Durbin-related savings to consumers last year in the form of lower prices.
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Phishing Attacks Drop, But Brand Targets Soar As Phishers Cast More Lines
Phishers are casting their lines at more brands in hopes of luring Internet users into divulging data that they can use fraudulently, according to a new study from the Anti-Phishing Working Group (APWG). According to the study, which covers the first half of 2013, criminals targeted 720 brands, up almost 18% from 611 in 2012's second half.
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Cash Visibility: Uncovering Hidden Opportunities
Among the core functions of any treasury is to manage cash and ensure internal and external payments are on time without incurring extra fees, while deploying capital effectively to maximise returns. This is ever more important in a volatile economy. It might sound simple, but it so rarely is. This article looks at the best ways to achieve cash visibility and optimise its use, to gain the best possible return in a low interest rate environment.
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What Treasurers Need to Know About FATCA
The Internal Revenue Service has launched an online registration system for foreign financial institutions (FFIs) and certain non-financial foreign entities (NFFEs) to comply with the Foreign Account Tax Compliance Act (FATCA). Corporate treasurers should check and see whether their organizations need to register.
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Court Strikes Down Debit Pricing And Routing Rules, Orders Fed 'Back to Drawing Board'
In one of the most dramatic developments of the year in the electronic-payments business, a federal judge on Wednesday struck down the Federal Reserve Board's pricing and routing rules for debit card transactions, arguing the banking regulator misinterpreted federal law.
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AFP Releases Corporate Cash Indicators™ for 2Q13
Business confidence appears to have softened as the pace of corporate cash accumulation inched up during the second quarter of 2013 and companies are indicating a greater likelihood to build cash during the third quarter, according to the July 2013 AFP Corporate Cash Indicators™ (AFP CCI).
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Best Practices: Pay Chinese Suppliers in RMB to Save USD
Earlier this year the Chinese government allowed all companies in China to make and receive cross-border payments in RMB--a significant breakthrough for treasurers. That's because trading in renminbi eliminates the need for Chinese companies to go through an FX cancellation procedure and receive permission from China's State Administration of Foreign Exchange to convert other currencies into renminbi, Nader said. Additionally, treasurers no longer have to worry about exchange rate fluctuations. "They can actually bill exactly what they want to get," he said. "This is huge."
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Technology Hits Treasury Groups in a Big Way - Finally
Treasury technology was supposed to explode after the passage of Sarbanes-Oxley followed by the push toward globalization and the financial crisis of 2008-09. But adoption has been slow in recent years.
This time, it's different. Really.
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AFP 2013 Business Outlook: Caution and Modest Growth Ahead
Finance professionals remain cautious in their economic outlook, believing the U.S. economy will grow at a modest pace of 1.7 percent in the coming year, creating an additional 1.3 million jobs, according to a survey released today by the Association for Financial Professionals (AFP).
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AFP Fraudwatch: Former NSA Chief Warns of Digital 9/11
This week, the former director of the NSA warns of a potential cyber attack that could topple critical infrastructure in the U.S., People's United and Patco settle their dispute over an ACH fraud incident, seven individuals are charged with committing the largest credit card data heist in Australian history, and a Google security glitch grants access to site users who previously had their access revoked.
read more >>



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January 18th, 2018
Bowling/Networking Mixer

February 8th, 2018
Double Header Program/Networking Reception

May 10th, 2018
37th Annual SoCal EXPO
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News Items
For NACHA's Same Day ACH, The Debit Debut
In payments, some rollouts come with fanfare. Apple comes to mind. Fitness watches are a recent entrant of pageantry.
For NACHA, there's a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. No confabs here, or webcasts with smoke and mirrors and rock music. Think of it as a quiet sea change amid the financial landscape.
read more >>

CLEARR And CHOICE On The Hill, But Not On Payments Regs
Lest you think the words above are incongruous, consider they're all connected by a spate of legislation looming large on Capitol Hill, with the potential to impact everything from banking firms to payday lenders to the Consumer Financial Protection Bureau (CFPB).
read more >>

SWIFT Has 22 Global Banks Join Its Blockchain Proof Of Concept Initiative
SWIFT has announced news that 22 global banks recently joined its blockchain proof of concept (PoC) initiative, which is part of the company's global payments innovation (gpi) service aimed to "re-arm the correspondent banking system for a new age of technological disruption."
read more >>

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