Southern Financial Exchange

Southern Financial Exchange (SFE) is a not-for-profit ACH/Payments trade association.

[Southern Financial Exchange @SFE_Payments]

Pidgin serves as a strategic partner to guide financial institutions’ real-time payments operations and is a one-stop-shop for all a financial institution’s faster payment needs. 

Learn more at https://t.co/qRXi15nCNZ

[Southern Financial Exchange @SFE_Payments]

Will banks face the liability for P2P fraud? "The line between authorized and unauthorized transactions is blurring, which may put institutions on the hook for payment scams affecting customers." https://t.co/pR7xkuhXrs

#fraud #p2p #payments #financialinstitutions

[Southern Financial Exchange @SFE_Payments]

Instant Payments, Check Fraud, & Faster Payments Strategy - The Payments Professor has it covered in SFE's new VIP Program! Right now you can save $300 by bundling courses (and SFE members get into one for FREE). Learn more here: https://t.co/R5xPHDQZv6

[Southern Financial Exchange @SFE_Payments]

The U.S. Faster Payments Council (FPC), in collaboration with Glenbrook Partners and sponsored by Volante Technologies, today released results from the 2023 Faster Payments Barometer. https://t.co/qUWnhjc0br

#financialinstitutions #banking #creditunions

[Southern Financial Exchange @SFE_Payments]

Improve your account holders' experience with your institution by boosting your customer service team's proficiency in ACH.

SFE is hosting "What Frontline Needs to Know" on May 9-10, 2023. Details here: https://t.co/29loQytQuI

#financialinstitutions #banking #creditunions

[Southern Financial Exchange @SFE_Payments]

BAI Banking Strategies podcast host, Terry Badger, spoke with Brian Keefe from NICE Actimize on how FedNow can benefit participating community financial institutions. They discuss benefits beyond settlement speed, such as accessibility and risk. https://t.co/3C6a3PtLrs

[Southern Financial Exchange @SFE_Payments]

Nacha is requesting feedback on the Nacha Operating Rules & Guidelines from all businesses that process ACH payments. Respondents will be entered into a drawing to win a $250 gift card. https://t.co/dm6HrirsLo

#Nacha #payments #business #compliance

[Southern Financial Exchange @SFE_Payments]

SFE is grateful for the kind people in our network. In honor of our 2023 Digital Directions conference speakers, SFE was able to donate a total of $1,000.00 toward Global Giving, Mid-South Food Bank, and MuttNation Foundation to help our communities rebuild from recent tornados.

[Southern Financial Exchange @SFE_Payments]

Where are you on your FedNowSM Service journey? Whether you’re just getting started or well on your way, this resource can help: https://t.co/LEXkZ7qAop

#instantpayments #payments #FedNowService

[Southern Financial Exchange @SFE_Payments]

The Top 50 originating financial institutions handled more than 26.2 billion ACH payments last year, up 4.7% from 2021. The Top 50 receiving institutions 18.8 billion ACH payments, an increase of 3.4% over 2021. https://t.co/hxdaJ8rSat

#growth #payments

[Southern Financial Exchange @SFE_Payments]

Studies show nearly 80% of consumers are interested in using faster payments and over 60% expect real-time views of account balances and transactions. Hear from Lisa Coffey and Stephanie Miracle at "FedNow Pioneers of Now" at Digital Directions! https://t.co/ZRVCUMy7nZ

[Southern Financial Exchange @SFE_Payments]

The Federal Reserve announced that the FedNow Service will start operating in July. The first week of April, the Federal Reserve will begin the formal certification of participants for launch of the service. https://t.co/CyqFe0xUzG

#fasterpayments #financialinstitutions

[Southern Financial Exchange @SFE_Payments]

Federal Reserve Financial Services released the results of their survey of 250 risk management professionals. https://t.co/LVpFrCUpbx

#riskmanagement #payments

[Southern Financial Exchange @SFE_Payments]

Today is the last day to save $100 on your registration to Digital Directions at Perdido Beach Resort in Orange Beach, AL. Get the best pricing and every 3rd registrant free by registering today at https://t.co/ZRVCUMy7nZ!

[Southern Financial Exchange @SFE_Payments]

Scammers find new tricks every year, advancing along with technology. Financial institutions must keep their security software and protocols up-to-date and anticipate new avenues where criminals may see opportunity. https://t.co/dZmeeLvv9b

#banking #creditunions

[Southern Financial Exchange @SFE_Payments]

Because we receive questions each year related to the posting or return of tax refund payments, we are hosting the virtual workshop "Tax Refund Exceptions". It is next week, March 21, at 9 a.m. Details and registration can be found here: https://t.co/cQMAsrdz24

[Southern Financial Exchange @SFE_Payments]

The IRS is seeing a high number of tax-related scams earlier this season, particularly through text messages. The messages may claim the individual is eligible for tax credits or COVID relief, or they offer help setting up an online account. https://t.co/bDHTFleN6y

[Southern Financial Exchange @SFE_Payments]

SFE Member Corporate America Credit Union is the first corporate credit union to become a Nacha Direct Member. Direct Nacha Members contribute to ACH rulemaking, education, committees, and work groups. Thank you for continuing to advance our industry!
https://t.co/im3hrbo8Dm

[Southern Financial Exchange @SFE_Payments]

Calling all the leaders at our financial institutions – we will be discussing the largest challenges facing bankers right now! Learn more at https://t.co/PzOuLL2xHD and register before the early bird cut-off on March 17!

#financialinstitutions #banking #creditunions #l…

[Southern Financial Exchange @SFE_Payments]

The Third-Party Sender Roles and Responsibilities Rule went into effect September 30, 2022, with a six-month grace period that ends March 31, 2023. https://t.co/je1JaRTA9O

#payments #compliance #financialinstitutions