Powell Signals Fed to Move Forward with Interest Rate Hikes
Federal Reserve Chairman Jerome Powell told members of the House Committee on Financial Services today that he expects the Fed ...
Tag: Payments system
Russian Banks Denied Access to Swift; Biden Sanctions Putin
As the conflict in Ukraine continued to escalate over the weekend, President Biden and several world leaders agreed to block ...
Coin Task Force Issues Paper on Coin Circulation Slowdown
The U.S. Coin Task Force has released a new paper on the state of the coin supply chain in the ...
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 ...
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 ...
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 ...
GAO Report Highlights Federal Response to Trafficking, Money Laundering
A recent report issued by the Government Accountability Office highlights the strategies and techniques used by criminal groups to engage ...
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.
GAO Report Highlights Challenges to Banking Organizations Operating in High-Risk Countries
A report issued by the Government Accountability Office today highlighted the challenges that banks face in providing services to money ...
