Akanaa eDigital

Why a Band-Aid or Plaster Solution Won’t Fix the Growing Banking and Financial Industry Issues In recent years, the banking and financial industries have been facing an array of challenges that threaten the stability of the global economy. From rising levels of debt to systemic risks, market volatility, and regulatory shortcomings, these sectors have been stretched thin. While governments, financial institutions, and regulators have attempted to mitigate the fallout from these issues, many of their solutions have been nothing more than "band-aid" or "plaster" fixes - quick fixes designed to temporarily mask the problem, rather than addressing the underlying issues. Read full blog on website. #Bank #Banks #Banking #Wire #SWIFT #Transfer #WireTransfer #InternationalTransfer #CreditCardFraud #DebitCardFraud #CreditCard #DebitCard #Check #Checks #CheckFraud #ACH #P2P #FinancialFraud #Fintech #USPS #MailTheft #Visa #Mastercard @followers Sahaboob Yassin https://lnkd.in/eneQBFPr

The History of Check / Cheque Payments From Ancient Times to the Digital Age Checks, or cheques as they are known in many parts of the world, are a widely used method of payment that have evolved over centuries. The use of checks has played a significant role in shaping the world of finance and commerce, allowing for a secure, documented, and convenient way to transfer money. The history of check payments is deeply intertwined with the development of banking systems and the progression of financial technology. This article traces the journey of checks, from their early origins to the modern era of electronic payments. Read full blog on website. #Bank #Banks #Banking #Wire #SWIFT #Transfer #WireTransfer #InternationalTransfer #CreditCardFraud #DebitCardFraud #CreditCard #DebitCard #Check #Checks #CheckFraud #ACH #P2P #FinancialFraud #Fintech #USPS #MailTheft #Visa #mastercard Sahaboob Yassin https://lnkd.in/eBaDzq8p

Thank you to Akanaa eDigital & Sahaboob Yassin for being a GOLD SPONSOR for our 25th Annual 5K Run/Walk on May 4th! 🥇 Register now to participate: https://lnkd.in/eE3q7tas

In the world of financial transactions, checks have long been a staple method of payment. Despite being replaced to some extent by digital payments, they remain widely used by individuals and businesses alike. However, one critical issue with the handling of checks, which often goes unnoticed, is how their movement from hand to hand or department to department increases their vulnerability to fraud. This open transfer process can expose checks to a variety of fraudulent activities, potentially leading to significant financial loss. Read full blog on website. #Bank #Banks #Banking #Wire #SWIFT #Transfer #WireTransfer #InternationalTransfer #CreditCardFraud #DebitCardFraud #CreditCard #DebitCard #Check #Checks #CheckFraud #ACH #P2P #FinancialFraud #Fintech #USPS #MailTheft #Visa #Mastercard @Followers Sahaboob Yassin

Over the past week, several notable check fraud incidents have come to light across the United States: Massive Government Check Fraud Scheme Six individuals have been charged with attempting to steal approximately $80 million through a sophisticated check fraud operation. Utilizing stolen and fake identities, they deposited around $50 million into various bank accounts. Many of these checks were government-issued funds, including COVID-19 relief payments. https://lnkd.in/emdPyMHV https://lnkd.in/eZrZjmr9 Conviction of Former USPS Worker Hachikosela Muchimba, a former U.S. Postal Service employee from Washington, D.C., was convicted for stealing over $1.6 million in tax return checks. He altered and deposited these checks into accounts he controlled, funding a lavish lifestyle that included luxury travel and visits to gentlemen's clubs. Muchimba faces up to 30 years in prison, with sentencing scheduled for August 8. United States Postal Service. https://lnkd.in/eg3-dy47 https://lnkd.in/eUzSDbsQ https://lnkd.in/e8qxvm4w https://lnkd.in/eniEwHca Warrants Issued for Louisiana Men Authorities have issued warrants for two Louisiana men, Renell Green and Laneric Gray, believed to be involved in numerous check fraud cases across the Southeast. Investigators allege that Green has been linked to multiple incidents involving counterfeit U.S. Treasury checks, particularly at Walmart locations in Mississippi and other southeastern states. https://lnkd.in/eg6gXf_x These incidents highlight the ongoing challenges financial institutions and individuals face concerning check fraud. It's essential to remain vigilant, monitor financial statements regularly, and report any suspicious activities promptly to mitigate potential losses. https://lnkd.in/eDGT92Vq #Bank #Banks #Banking #Wire #SWIFT #Transfer #WireTransfer #InternationalTransfer #CreditCardFraud #DebitCardFraud #CreditCard #DebitCard #Check #Checks #CheckFraud #ACH #P2P #FinancialFraud #Fintech #USPS #MailTheft #Visa #Mastercard Akanaa eDigital Sahaboob Yassin

Peer-2-Peer (P2P) Types of Payments Available Peer-to-peer (P2P) payment services have become increasingly popular, providing users with an easy way to send and receive money directly between individuals, often using just their smartphones. These services have evolved over the years and are now widely used for everything from splitting bills to paying rent. Here are some of the most popular P2P payment services available in 2024 Read full blog on website. #Bank #Banks #Banking #Wire #SWIFT #Transfer #WireTransfer #InternationalTransfer #CreditCardFraud #DebitCardFraud #CreditCard #DebitCard #Check #Checks #CheckFraud #ACH #P2P #FinancialFraud #Fintech #USPS #MailTheft #Visa #Mastercard Sahaboob Yassin

The Risks of using a Debit Card verses a Credit Card When comparing the risks of using a debit card versus a credit card, several factors come into play, such as fraud protection, spending limits, and impact on your credit score. Read full blog on website. #Bank #Banks #Banking #Wire #SWIFT #Transfer #WireTransfer #InternationalTransfer #CreditCardFraud #DebitCardFraud #CreditCard #DebitCard #Check #Checks #CheckFraud #ACH #P2P #FinancialFraud #Fintech #USPS #MailTheft #Visa #MasterCard @followers Sahaboob Yassin

SoftBank has signed an agreement with Perplexity to be an authorized reseller of Perplexity Enterprise Pro and deploy their 7,000-member sales team to scale Perplexity's adoption in Japan. This comes after internally adopting Perplexity and evaluating it against other tools. 🇯🇵

Why Check Payments Are Still Used Today In a world where digital payments are becoming increasingly dominant, checks may seem like a relic of the past. With the rise of credit cards, mobile wallets, and online banking, it's easy to wonder why checks are still in use. However, despite the growth of digital payment methods, checks remain a viable and valuable payment option for many individuals and businesses. Let’s explore the reasons why check payments continue to play a significant role in today’s financial landscape. Read full blog on website. #Bank #Banks #Banking #Wire #SWIFT #Transfer #WireTransfer #InternationalTransfer #CreditCardFraud #DebitCardFraud #CreditCard #DebitCard #Check #Checks #CheckFraud #ACH #P2P #FinancialFraud #Fintech #USPS #MailTheft Sahaboob Yassin

Losses to International Wire Transfer Fraud in 2024 In 2024, international wire transfer fraud continued to escalate, contributing significantly to global financial crime. While precise figures for 2024 are still being finalized, available data from 2023 and early 2024 provide insight into the scale and impact of such fraudulent activities. Read full blog on website. #Bank #Banks #Banking #Wire ##SWIFT #Transfer #WireTransfer #InternationalTransfer #CreditCardFraud #DebitCardFraud #CreditCard #DebitCard #Check #Checks #CheckFraud #ACH #FinancialFraud #Fintech Sahaboob Yassin