Payments Views - The Good News on International Remittances is...

Over on Payments Views, Glenbrook's Elizabeth McQuerry has posted her analysis of the recent Atlanta Fed symposium the approaching February 7, 2013 deadline for compliance with the new Section 1073 rules of the Dodd-Frank Act.

While all the industry providers at the conference asserted that they will be “ready” (many noting that any code changes must be completed by the end of October before the year-end freezes), there was much discussion about degrees of compliance. “Degrees of compliance” is an interesting concept in payments, where often, decision engines generally make yes-no decisions.