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However, regardless of how corporates adopt faster payment technologies, many experts agree that the acceleration of payments in the country will have profound effects on the broader financial services space, and those changes are likely to impact how companies manage money and operate in a new ecosystem of payments innovation.
Management, while using a business impact analysis and risk management processes to identify and monitor risks, should focus on riskmitigation avoidance and acceptance strategies. The post Natural Disaster Planning for Financial Institutions appeared first on Center for Payments.
This is particularly important as financial institutions face institutional check knowledge loss from retirements that could impede their ability to combat check risk and fraud. Check with your Payments Association to make sure you understand – and take advantage of – the full range of professional development that they offer.
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