J.D. Power: Small Business Satisfaction Rises With Large Bank Merchant Services
In a study evaluating small businesses’ satisfaction with merchant services providers, J.D. Power found that large banks had a significant...
Payments
Researchers Release Initial Findings from Boston Fed, MIT CBDC Research Project
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative yesterday published a white paper...
Report: Credit Card Purchase Volume Increases in Third Quarter
Credit card monthly purchase volumes increased in the third quarter compared to the second quarter of 2021, according to the...
NACHA: ACH Transaction Volume, Value Grow in 2021
Electronic ACH payment transaction volume grew by 8.7% last year, reaching 29.1 billion transactions, according to a report today from...
Financial Groups Call for Repeal of Durbin Amendment in Letter to Fed
In a letter to the Federal Reserve yesterday, a group of six financial trade associations—including the American Bankers Association and...
Survey: Real-Time Payments Capability Top Factor in Bank Selection by Businesses
A recent survey by Citizens Financial Group found that 85% of business leaders say real-time payments capabilities is the most...
Fed Paper Highlights Risks, Potential Benefits of a U.S. CBDC
The Federal Reserve today issued a highly anticipated report assessing the potential benefits and risks of creating a U.S. central...
BAFT Announces Participants in 2022 Future Leaders Program
BAFT, the American Bankers Association’s global transaction banking subsidiary, today announced the 2022 class of its Future Leaders Program, which...
ABA Supports Fed Single-Day Migration to New Message Format, Concerned About Lack of Detail
The American Bankers Association told the Federal Reserve on Monday that it supports a plan to migrate to a new...
Fed Observes ‘Unprecedented Decline’ in In-Person Payments during COVID
Payment behavior “changed sharply in 2020 with the COVID-19 pandemic,” the Federal Reserve said today in a new research brief.
