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posted on Thursday, May 25, 2023
As our lives become increasingly digital, we're exposed to more and more cybersecurity threats. Two common methods cybercriminals use to gain access to victims' personal information are vishing and spoofing.
posted on Thursday, May 11, 2023
The upcoming clarification to the Durbin Amendment set for July 1, 2023, means card issuers must enable at least two payment card networks to process all debit card transactions, including card-not-present transactions, such as online payments.
posted on Tuesday, May 9, 2023
SHAZAM is honored to receive a LIVE UNITED Champion Award as part of the annual LIVE UNITED Celebration held on May 9. This is the fifth time in the past seven years SHAZAM has been honored by United Way of Central Iowa for our community service contributions.
posted on Monday, May 1, 2023
On Tuesday, April 25, 2023, an ACH file from 2015 was sent in error on behalf of some current and former SHAZAM Inc. financial institution clients. As a result, accountholders saw inaccurate activity in their accounts.
posted by Luann Kohlman, AAP, APRP on Thursday, April 20, 2023
Do you eat, sleep and breathe ACH and work with electronic payments daily? If so, take the next step and pursue the Accredited ACH Professional (AAP) or the Accredited Payments Risk Professional (APRP) credential.
posted on Wednesday, April 19, 2023
The Federal Reserve finalized updates to Regulation II, a rule concerning competitive routing of transactions to debit card networks. Effective July 1, 2023, the rule clarifies the requirements for debit card issuers to enable at least two unaffiliated networks for all debit card transactions. The clarification creates an opportunity for routing between the global and national networks, allowing businesses to route transactions with more competitive merchant payment acceptance costs.
posted by Mike Burke on Monday, April 17, 2023
Recently, the Financial Crimes Enforcement Network (FinCEN) issued an alert to financial institutions about a nationwide surge in check fraud schemes targeting the U.S. mail. In fact, last year, reports of mail-related check fraud nearly doubled the number of filings in 2021.
posted on Thursday, April 13, 2023
SHAZAM is excited to offer a new live webinar series to help you enhance your knowledge of digital assets and how they may affect your financial institution and customers.
posted by Paul Waltz on Tuesday, April 11, 2023
SHAZAM President and CEO Paul Waltz shares his thoughts on how local financial institutions help their communities thrive during Community Banking Month.
posted on Tuesday, April 4, 2023
The tax filing deadline is quickly approaching, which can be a stressful time for those trying to make the cutoff. Unfortunately, scammers want to add even more anxiety to this frantic season. You can keep the scammers away from your refund and personal information by following some simple best practices.