LOS ANGELES - (10/26/05) -- Security services at University CUwere able to catch an attempt phishing attack Monday. Thefraudulent email asked recipients to clink on a link that took themto a site purported falsely to be the credit union's web site,which prompted them to supply their account numbers and PINs. Theemail appeared to be from one of the credit union's employees andthe phony site contained graphics from the legitimate credit unionsite.
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
Like the Olympics, the event is used to push and measure engagement and appetite for emerging checkout options.
