Rising Transaction Limits Are Paying Off for Instant Payments
The Clearing House’s Real-Time Payments (RTP) network has doubled its transaction volume over the past 18 months, reaching one billion transactions earlier this year. One key contributor to this growth has been an increase in its transaction limit. Since February, RTP now supports payments of up to $10 million each. In response, The Federal Reserve’s […]
How Polymorphic Phishing Campaigns Leverage AI to Evade Detection
A novel artificial intelligence feature is making phishing attacks—already the weapon of choice for cybercriminals—even more effective. In the past, phishing emails were sent out en masse using the same template, making it easier for fraud detection systems to identify patterns among these blanket messages. Now, a technique called polymorphic phishing incorporates AI to randomize […]
What U.S. Banks Can Learn from the UK’s Banks and Neobanks
With the competition growing from the United Kingdom’s innovative chartered neobanks, retail banks have been pushed to upgrade their customers’ digital banking experience. The latest developments there could set a template for U.S. banks seeking to increase their own efforts at attracting customers through digital banking. A new report from Javelin Strategy & Research, Mobile […]