Trending payments news and insights, written by the Wespay Advisors’ staff, and updated regularly to keep you learning and your business growing. Got a question you’d like us to cover? We’d love to hear from you.
Receiving instant payments via the Real-Time Payments (RTP) and FedNow networks is generally simple and benefits all account holders’ cash flow. However, sending such payments is more complicated and relies on the vendor’s capabilities.
First Party Fraud, commonly known as “Friendly” fraud, occurs when an account holder abuses consumer protection rights to steal funds from institutions. Wespay has received questions from members who have observed this type of fraud.
Wire transfers and remote deposit capture (RDC) are essential payment channels—but they also represent some of the highest risk exposure for financial institutions today.
Wire Transfers allow consumers and businesses to send large sums quickly and are often used for critical, time-sensitive payments such as real estate transactions…
Wespay Advisors offers Audit Services to help institutions meet these expectations with confidence. Our independent audits are supported by practical recommendations…
Have you booked your 2026 ACH Audit yet? Here’s why you should. Scheduling your audit engagements early with Wespay Advisors unlocks two significant advantages…
Here it is, 2026, and you’re dusting the old payments strategy deck, wondering what to do next. Do we update what we currently have? Do we start a new 3 to 5-year strategic plan? Whatever you decide, Wespay Advisors can help…
The 2026-2027 Payments Innovation Alliance Advisory Committee is now official. Payments Innovation Alliance Participating Members have been elected to the five committees, which, combined, form the Advisory Committee.
Instant Payments, introduced by The Clearing House’s RTP system in 2017, were soon followed in 2023 by the Federal Reserve’s FedNow, which offers real-time settlement of transactions, marking a significant…