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PAYMENTS ON FIRE RESOURCE CENTER

Smart thinking for smart payments professionals

Payments On Fire is the industry’s leading resource center for payments professionals. Here, you’ll find the resources and thought leadership that only Glenbrook’s experienced team can provide. Curated news stories, insightful opinion papers, provocative podcasts, and more – it’s all the thinking you need to stay competitive in a dynamic payments world.

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Payments News

Companies

Bank of England Fines Vocalink More Than $16 Million for Compliance Failure

Reuters

“The Bank of England has fined payment systems firm Vocalink Ltd 11.9 million pounds ($16.19 million) for falling short of its obligation to have adequate risk management and governance arrangements.Owned by U.S. payment processor Mastercard, Vocalink designs, builds and operates bank account-based payment systems in Britain, processing over 90% of salaries, more than 70% of […]
Tags: Mastercard
Companies

J.P. Morgan Payments: Enhancing our Trust & Safety Solutions with Account Confidence Score

J.P.Morgan

“J.P. Morgan Payments has introduced the Account Confidence Score (ACS), an AI and ML-powered proprietary fraud indicator risk score, as part of its Trust & Safety Solutions, within J.P. Morgan Access, our global cash management platform. This tool is designed to help our clients pay beneficiaries confidently, help prevent payment fraud and streamline their payment processes.”
Tags: JPMorgan Chase
Industry

U.S. Regulators Give Banks the Green Light for Digital Asset Activities

Chainalysis

“U.S. banking regulators (FDIC, Federal Reserve, OCC) have withdrawn previous restrictive statements on crypto assets, giving banks more freedom to engage with digital assets without prior approval. Banks can now more easily offer crypto services and provide banking to crypto businesses if they maintain proper risk management practices.”
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