Central banks call for industry action on wholesale payments fraud

The Committee on Payments and Market Infrastructures (CPMI) urged stakeholders to pursue a common strategy to improve the security of wholesale payments that involve banks, financial market infrastructures and other financial institutions. The finalized strategy, Reducing the risk of wholesale payments fraud related to endpoint security, aims to encourage industry efforts to reduce the risk of wholesale payments fraud. It is designed to help operators and participants of payment systems and messaging networks as well as their respective supervisors, regulators and overseers.

Read the full release

 

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