If you buy something with a debit/credit card or an online check, there can be a delay of hours or days before the other party gets those funds. Advances in technology are allowing payment platforms to cut that down to mere seconds, which could help consumers by preventing banks from re-ordering multiple transactions to maximize overdrafts. But as non-cash payments inch closer to real-time transactions, federal regulators want to ensure that companies are following certain best practices to make things safe and consumer-friendly as possible. [More]
Lookin’ Out For The Consumer
FTC Rolls Out Interactive Resource For Victims Of Identity Theft
By 5.14.15
With seemingly daily reports of new data breaches and related scams, it’s no secret that identity theft is now more of a concern than ever. In an effort to help victims work their way through the process of restoring and protecting their identities, the Federal Trade Commission has launched a new online interactive tool. [More]
