Nick Denning, CEO Policy Monitor, looks at the risks and business impacts of shocking statistics showing a lack of basic security skills within UK SMEs..
The Federal Reserve will roll out its much-anticipated instant payments system, known as FedNow, in the middle of next year. Yet many questions remain about who it will serve, how it will work and how quickly community banks will buy in to it.
The retail industry, which wants the Federal Reserve to lower a decade-old price cap, has been complaining that higher prices for consumers mean heftier interchange fees. But banks are pointing out that the $10 billion-asset threshold below which financial institutions are exempt from the cap hasn’t been adjusted for inflation.
Many of the key IT systems supporting business operations were written in the last century and the professionals who built them are thinking about retir.