Faster payments: Mitigating the fraud risks

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Federal Reserve The Federal Reserve will carefully scrutinize the security components of proposals it’s receiving this month for technologies that can be used to enable faster payments in the United States. That’s because a key issue in moving to faster payments is mitigating the greater risk of fraud.Next year, the Fed will issue a report designed to help the financial services industry identify what technology gaps still need to be filled to make faster payments a reality. That report will stop short of endorsing any particular technical approach. But the Fed plans to publish all the technology proposals it receives (see Will the Fed Support a Cryptocurrency?).“Faster payments opens up all kinds of opportunities for fraudulent payments that must be addressed upfront, instead of trying to bake security back in after deployment,” says financial fraud expert Avivah Litan, an analyst at the consultancy Gartner.The proposals for how to achieve faster payments, Litan says, “should be very clear on the principles that must be followed to ensure strong security and fraud prevention. The proposals should stay away from prescribing technical solutions, since they will become outdated very quickly, as we have seen with other regulatory guidance in these and other technology areas.” continue reading »last_img read more

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Guardiola prefers Man City to face Rashford in derby

first_img FacebookTwitterWhatsAppEmail分享 Read Also: Solskjaer upbeat Pogba, Fernandes can play together at Man Utd “Unfortunately the results sometimes (lead to) the decision to break that process but what I feel is that people believe in Ole and I think he is doing a really good job. “It is not about the tactics sometimes, it is about (the feel), how the players follow the manager. “He arrived with an incredible impact in terms of results. After (came a) drop a little bit but they were stable. Now the results are getting back, they are scoring a lot of goals. “They create chances, they concede few, they have good keepers, good defenders and a bigger squad. So United, there is no doubt, all the time, every season, have good teams.” Pep Guardiola claims he is disappointed Manchester City will not face Marcus Rashford in Sunday’s derby. Manchester United striker Rashford is sidelined with a back injury and will not get the chance to add to the four goals he has previously scored against City as the teams meet at Old Trafford. Pep Guardiola would have preferred his side to face the injured Marcus Rashford The 22-year-old has been on target twice  against City this season and his absence should make the Guardiola’s planing easier. Yet the City boss has looked beyond that and feels it is a shame he will not be involved in the Premier League clash. He said: “I have always said since the first day I became a manager that I like to play against a full squad from my opponents. “I would have loved to play against (Eden) Hazard at the Bernabeu. I don’t like to see Rashford out or (Harry) Kane against Tottenham. I prefer to play against top players and all the players available. “So it is not good for United and he is absent for the national team. Hopefully he can recover as quickly as possible. I would have preferred if he had played for them.” Pep Guardiola does not like to see opponents’ best players, like Tottenham’s Harry Kane, out injured Guardiola says he does not know if it will now be easier to play against United because he knew Rashford would be out before he started planning. He said: “At the moment I think about United and which players are available to play against us and after that I am not concerned any more. I don’t think even for a half second that he is not there. “I think about (Anthony) Martial, (Daniel) James, (Bruno) Fernandes and (Odion) Ighalo if he plays, and the way they plays – three or four different types of systems. “Also the way we play, trying to settle and understand what we try to do, and the quality they have, the way they play, and to try to go there and put in a good performance.” United, who are 15 points behind second-placed City but hoping to force their way into the top four, have been inconsistent this season. That has meant manager Ole Gunnar Solskjaer’s performance has been under the spotlight at times. The pressure, however, has eased of late with United unbeaten in their last nine games in all competitions and Guardiola believes keeping faith with Solskjaer was the right decision. He said: “I didn’t expect, when I landed here, to have this gap right now with United but what United expects is to get closer to the people above. They are working to improve. “Always I believe that the managers and the clubs need time to implant, to build something the manager and the club believe.center_img Loading… Promoted ContentThe Highest Paid Football Players In The World9 Facts You Should Know Before Getting A TattooWhich Country Is The Most Romantic In The World?7 Universities In The World With The Highest Market Value7 Ways To Understand Your Girlfriend BetterWho Is The Most Powerful Woman On Earth?10 Stargazing Locations To ‘Connect With Nature’10 Risky Jobs Some Women Do6 Most Breathtaking Bridges In The WorldThe Best Cars Of All Time7 Ways To Understand Your Girlfriend Better6 Extreme Facts About Hurricaneslast_img read more

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Campus siege nears end as Hong Kong girds for election

first_img“I’ll continue to stay here, buthopefully not forever,” he said with a touch of humor. “If they storm in, there are a lot ofplaces for us to hide,” said Sam, a 21-year-old student, who was eatingtwo-minute noodles in the cafeteria, while plotting his escape. HONG KONG – AHong Kong university campus under siege for more than a week was a desertedwasteland on Saturday, with a handful of protesters holed up in hidden refugesacross the trashed grounds, as the city’s focus turned to local elections. Another protester, Ron, vowed to remainuntil the end with other holdouts, adding, “The message will be clear that wewill never surrender.” Police guard the perimeter of Hong Kong Polytechnic University in Hong Kong, China November 23, 2019. REUTERS The siege neared its end as someprotesters at Polytechnic University on the Kowloon peninsula desperatelysought a way out and others vowed not to surrender, days after some of theworst violence since anti-government demonstrations escalated in June. The handful of protesters still visibleon the campus were outnumbered by media and people seeking to provideassistance. A social worker who would only give hisname as Sendon said he had crossed paths with four protesters on Saturday andwas concerned about their mental state. “They’ve been in this highly stressfulenvironment for so long, over 120 hours, and they have no easy way to releasethis stress,” he said. “We’re trying to urge them to come out in a gentlemanner.” (Reuters)last_img read more

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USC continues to rank first in video game design

first_imgUSC’s video game design program was ranked No. 1 by The Princeton Review for the third year in a row, the university announced Thursday.Both the graduate and undergraduate programs have held the top spot since the Review began publishing the list in 2010. USC retained its spot as more video game programs formed around the country, and the list of top schools increased from 30 to 50.The Games program is a joint program between the Interactive Media Division of the School of Cinematic Arts and the computer science department of the Viterbi School of Engineering, although the interactive entertainment degree is granted by the Dornsife College of Letters, Arts and Sciences in conjunction with the School of Cinematic Arts.Tracy Fullerton, chair of the SCA’s IMD and the USC Game Innovation Lab Director, said USC’s multidisciplinary approach has allowed the university to stay on top.“USC comes out on top because of our focus on the artistry of game design,” Fullerton told USA Today. “Our faculty and students see beyond the trappings of technology and we are constantly driving the form forward.”On the undergraduate list, the Massachusetts Institute of Technology ranked second and the University of Utah ranked third. The graduate list ranked Rochester Institute of Technology second and MIT third. Other than MIT and USC, Carnegie Mellon (No. 6 on the graduate list) was the only other institution also in U.S. News and World Report’s top 25 universities.last_img read more

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