The Federal Reserve and the Consumer Financial Protection Bureau today reopened the public comment period on the Fed’s 2011 proposal regarding funds availability under Regulation CC.

BAFT, the American Bankers Association’s global transaction banking subsidiary, announced today that Diane Reyes has been appointed the new chairman of its Transaction Banking Global Leaders group.

The number of worldwide correspondent banking relationships continues to decline, according to new figures released today by the Basel, Switzerland-based Financial Stability Board.

The Federal Reserve today finalized a proposal to harmonize Regulation J -- which governs the collection of checks or other items by Federal Reserve banks and funds transfers through Fedwire -- with Regulation CC, which implements the Expedited Funds Availability Act.

To continue U.S. progress toward faster payments, ABA and several other leading organizations and institutions in the payments industry today launched the Faster Payments Council.

Community banks are using APIs to build new services rather than rely exclusively on legacy products.

BAFT, ABA’s global transaction banking subsidiary, today released templates for fraud indemnity agreements that member banks can use in attempting to recover funds fraudulently transferred from a customer’s bank to a different bank.

As long as banks have existed, they've deployed innovative technology to better serve their customers and improve efficiency. On the latest episode of the ABA Banking Journal Podcast, two leading bankers discuss distinct approaches to partnering with fintech firms today.

Read on for further insights on faster payments, open banking, security and more.

On the latest episode of the ABA Banking Journal Podcast, bank CEO and newly minted ABA Chairman Jeff Szyperski talks about the key strategic drivers of success for his $803 million community bank.