Form3

71% of Financial Institutions Turn to AI to Fight Faster Payments Fraud
71% of Financial Institutions Turn to AI to Fight Faster Payments Fraud
December 03, 2024  |  Fraud Prevention

As demand for faster payments grows, so does the risk of fraud. More than 170 million U.S. consumers received at least one disbursement in the...

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Form3 Raises $60 Million to Expand Account-to-Account Platform
Form3 Raises $60 Million to Expand Account-to-Account Platform
September 12, 2024  |  Investments

Form3 completed a $60 million Series C extension and said it will use the new funding to develop new products and services and support the...

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OCC’s Hsu: Agility and Teamwork Critical as Banks Confront New Risks
OCC’s Hsu: Agility and Teamwork Critical as Banks Confront New Risks
September 04, 2024  |  Security & Fraud

Banks are confronting new, digital risks, and guarding against them demands a more agile, teamwork-focused approach. Michael Hsu, acting Comptroller of the Currency, said in...

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Managed Services Give Banks End-to-End Look at Real-Time Payments 
Managed Services Give Banks End-to-End Look at Real-Time Payments 
April 05, 2024  |  Real-Time Payments

Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in...

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FinTech and Bank Partnerships Will Boost Open Banking in the US
FinTech and Bank Partnerships Will Boost Open Banking in the US
March 21, 2024  |  Banking

Dave Scola, CEO, U.S. at Form3, said the transformation of banking and financial services is demanding collaboration between traditional banks and digital upstarts. The most notable,...

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Real-Time Payments Need Orchestration Layer to Solve Interoperability Gap
Real-Time Payments Need Orchestration Layer to Solve Interoperability Gap
March 11, 2024  |  Faster Payments

The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. One of the major hurdles that...

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Banks Say Better to Be Proactive Than Reactive When Making Payments Real Time
Banks Say Better to Be Proactive Than Reactive When Making Payments Real Time
March 07, 2024  |  Faster Payments

Faster payments solve many traditional pain points endemic to legacy payment methods. But although several hundred financial institutions (FIs) have signed on to the two...

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APIs Promise to Make Instant Payment Systems Interoperable
APIs Promise to Make Instant Payment Systems Interoperable
February 08, 2024  |  Faster Payments

Cory Barnes, senior product manager at Form3, told PYMNTS that instant payments can reach their full potential only when far-flung systems are truly in sync...

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Data Sharing Seen as Key to Stopping Real-Time Payments Fraud
Data Sharing Seen as Key to Stopping Real-Time Payments Fraud
January 12, 2024  |  Security & Fraud

As instant payments become more widely used in the United States, the financial services ecosystem must gird for ever-more-brazen attacks from fraudsters. Nick Fleetwood, head...

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