Product Type: Market Research Report
Published by: TowerGroup
Published: April 2008
Product Code: R301-1450Description Banks and other financial services institutions (FSIs) must continually invest in compliance technology to prevent funds transfers for illegal activities. As of 1Q 2008, they have directed much of that technology at traditional payment methods such as wire-transfer and automated clearing house (ACH) transactions. In the modern economy, however, banks and FSIs are introducing new and creative payment alternatives. This TowerGroup ViewPoint discusses the changing nature of payments and ponders the compliance gaps associated with transactions via alternative payment methods such as mobile payments.
Table of Contents - Report Coverage
- Risk and Compliance for Emerging Payments
- Exhibit 1 Suspicious Activity Reports Filed with the US Financial Crimes Enforcement Network (1997-2007E)
- Summary
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