The Federal Reserve’s Nick Stanescu shares what’s next for the FedNow® Service
SPONSORED CONTENT PRESENTED BY FEDERAL RESERVE FINANCIAL SERVICES The FedNow Service launched in July 2023…
SPONSORED CONTENT PRESENTED BY FEDERAL RESERVE FINANCIAL SERVICES The FedNow Service launched in July 2023…
A set of proposed harmonization requirements for cross-border payments need to account for the implications and costs to U.S. depository institutions, ABA and two associations said.
In a joint letter, ABA and the Consumer Bankers Association expressed tentative support for a CFPB proposal to regulate large nonbank firms that provide digital payments services, including P2P payments, mobile wallets and other payment apps.
Study authors recommended that financial institutions prioritize robust multichannel authentication strategies, including offering options for routine and infrequent online transactions.
A majority of retail banking customers want to authenticate their identities each time they access their bank accounts, and many said the same for sending and receiving money to and from family and friends, according to a survey.
From the Basel III endgame to Regulation II to new Community Reinvestment Act and Section 1071, 2023 has delivered a regulatory onslaught for the industry. How are bankers navigating the waves of overlapping changes?
Payments provider Zelle and Vox Media announced the launch of a new media campaign designed to educate U.S. consumers about safe payment usage.
The Federal Reserve announced new pricing for the payment services that Fed banks provide to depository institutions, such as the clearing of checks, ACH transactions, and wholesale payment and settlement services.
The Federal Reserve is working to let its supervisors know that they should act “with force and agility” when they identify potential problems at banks, Fed Vice Chairman for Supervision Michael Barr said.
The CFPB has taken steps to regulate large nonbank firms that provide digital payments services, including P2P payments, mobile wallets, and other payment apps, proposing a new rule that would establish its supervisory authority over certain nonbank covered persons participating in a market for “general-use digital consumer payment applications.”.