This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
12/29/2021
2022's Next Big Thing: Solving the ‘Money Mobility’ Problem
PYMNTS.com
The great digital shift may be upon us, but money has a problem simply getting around.
Drew Edwards, CEO of Ingo Money, says solving the “money mobility” issue will be key for providers in 2022 and beyond.
Right now, we’re in the tech-enabled equivalent of the banking days of yesteryear, where individuals held accounts at various institutions and moved money by getting cash from, say, their BofA ATM and bringing it to the Citi teller counter to deposit funds there.
“Now we’ve got a phone full of accounts,” Edwards told PYMNTS’ Karen Webster. There are accounts for sports betting, PayPal, banks and even crypto. Oh, and there are the paper checks that still arrive in mailboxes, of course.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information