Trump-era sanctions halt US aid deliveries to Cuban families
Trump-era sanctions have forced a halt to U.S. deliveries of money and food to Cuban relatives, disrupting remittances and humanitarian support for Cuban families.
Tag
Money Transfers
All articles tagged with #money transfers
"Is Your Bank Balance Safe? Google's Warning to Billions"
Google has issued a warning to users to be cautious when using money transfers online, as simple mistakes can result in bank accounts being emptied by scammers. The company has advised users to verify the recipient's identity, avoid sending money to strangers, and not accept money requests from unknown individuals. Google also warned against buying or selling goods or services using money transfers, as disputes between parties are not its responsibility.
Fed to launch digital payment system in July.
The Federal Reserve's digital payments system, FedNow, will launch in July, allowing bill payments, money transfers, and other consumer activities to move more rapidly and at lower cost. Participants will complete a training and certification process in early April. Institutions that participate in the program will have seven-day, 24-hour access, as opposed to a system currently in place that closes on weekends. The program could even supplant the need for a central bank digital currency.