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NACHA’s Board of Directors Elects New Officers, Adds Two Representatives to Board Advisory Group

February 14 – NACHA—The Electronic Payments Association has announced the election of new officers to its Board of Directors. The Board oversees the governance and administration of NACHA and addresses topics of strategic significance to the ACH Network. It consists of 19 directors representing a diverse set of depository financial institutions of all sizes and types that use and support the ACH Network.

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Guardian Analytics Solution Protects Treasury Management Organizations From Fraud

November 9 – Guardian Analytics, a leader in behavioral analytics and machine learning solutions for detecting banking fraud, has released Guardian Analytics Sentinel, the industry’s first and most advanced behavioral analytics and machine-learning solution protecting B2B web portals from account takeover, business email compromise, and many other fraud schemes.

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Guardian Analytics Introduces Solution to Protect Against Fraud Risk Created by Same-Day ACH

August 22 – Guardian Analytics, a market leader in real-time behavioral analytics and machine learning solutions for preventing banking fraud, has announced the launch of the industry’s first real-time ACH solution to protect against fraud risk created by Same Day ACH.

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Survey: Consumers Who Check Credit Scores Become More Credit-Savvy

July 27 – A recent consumer survey commissioned by Discover found that a high percentage of those who reported regularly checking their credit score during the prior year said that checking their score helped improve their credit behavior.

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Nuix Sensitive Data Finder 2.2 Streamlines Risk Management, Data Breach Mitigation, and Compliance With Tightening Regulations

June 1 – Global technology company Nuix has released Nuix Sensitive Data Finder 2.2, an upgrade that further improves the product’s performance and adds visualizations and other analysis features to streamline common tasks and identify high-risk information sooner.

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CNP Fraud to Balloon to 7 Billion Dollars by 2020

May 11 – iovation, the provider of device intelligence for authentication and fraud prevention, today announced the immediate availability of a report it and research and advisory firm Aite Group developed entitled “EMV: Issuance Trajectory and Impact on Account Takeover and CNP.” The report calculated that card-not-present fraud — fraudulent transactions where a credit card is not physically presented to a merchant — will cost retailers and financial institutions $7.2 Billion in the United States by the end of 2020. The report also found that account takeover losses for financial institutions — when a fraudster poses as a genuine customer, gains control of an account and then makes unauthorized transactions — will increase from $644 million in 2015 to more than $1 billion by 2020 in the U.S.

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TD Bank Offers Advanced Payment Solutions for Small Businesses

April 25 – TD Bank Merchant Solutions has announced the availability of the Clover product portfolio featuring all-in-one payment terminals designed to help small businesses manage their operations through custom hardware, software and merchant services. The Clover product portfolio is powered by First Data, a global leader in commerce-enabling technology and solutions.

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TD Bank Launches New Cash Rewards Credit Card

February 1 – TD Bank, America’s Most Convenient Bank® has launched a new credit card product that makes it easier for consumers to earn cash back on everyday purchases. The TD Cash Visa Signature Credit Card provides 2 percent cash back on all dining types and 1 percent cash back on all other purchases. It comes with no revolving categories, annual fees or foreign transaction fees. There is also no limit on the amount of cash a cardholder can earn, and no reward expirations.

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Mobile Transforming the Way Businesses Operate

January 14 – Forrester forecasts that 4.8 billion people globally will use mobile phones in 2016. This brings significant opportunities to businesses, especially for those companies that understand how a customer-obsessed mobile strategy will change the way they operate in 2016.

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Charter Changes in the Wake of Dodd-Frank

By Toni Lapp

Boone County National Bank, Columbia, Mo., closed for business on a Friday last month, and reopened the next Monday as Central Bank of Boone County. The bank changed more than its name; it converted from a national- to a state-chartered bank.

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