Volume of ACH Network transactions continued to grow in 2022
The Automated Clearing House Network processed 30 billion payments valued at $76.7 trillion in 2022, representing a 3% increase in ...
Tag: Payments system
More than 2 billion payments made through Zelle in 2022
Consumers and businesses sent 2.3 billion payments with a total value of $629 billion through the Zelle Network in 2022, ...
ABA recommends making Fed’s master accounts data public
The American Bankers Association supports a proposal to publish a periodic list of depository institutions that have access to Federal ...
FTC proposes ‘tokenization’ agreement with Mastercard
The Federal Trade Commission in December announced a proposed agreement with Mastercard regarding tokenization security practices that merchants claimed violated ...
ABA, trade groups urge further scrutiny of big tech payment platforms
The Consumer Financial Protection Bureau should continue to increase its oversight of “big tech” payment platforms until all consumers are ...
Fed makes changes to payments system risk policy
The Federal Reserve today adopted changes to its payments system risk policy that would expand access to collateralized intraday credit ...
Podcast: Something old, something new in payments fraud
Something old, something new: In 2022, check fraud remains a focus of bank risk professionals, while instant P2P payments are ...
FDIC’s Gruenberg: Payment stablecoin could offer cost-effective, real-time benefits
Any such payment system should be designed to “complement” the Federal Reserve’s soon-to-be-released FedNow system, Gruenberg said.
Mississippi Bankers CEO pans Durbin expansion bill
A new legislative proposal giving merchants broad say over which credit card routing networks could drive up the cost of ...
Bank trade groups call out misleading Warren report on Zelle fraud
ABA today joined three financial trade associations in pushing back against a report issued by Sen. Elizabeth Warren (D-Mass.) examining ...
