ABA last week submitted comments in support of the Federal Reserve’s recent proposal to modify the Federal Reserve Banks’ National Settlement Service and Fedwire Funds Service to accommodate a third same-day ACH processing and settlement window.
In a white paper released yesterday, the Federal Reserve System documented the current state of synthetic identity fraud and its effects on the payments industry.
In response to a recent request for information, the American Bankers Association on Friday filed two comment letters offering feedback to the CFPB on potential changes to its remittance rule.
As bank mobile apps add new features, the increased complexity is stumping some consumers, according to new studies from J.D. Power.
With the explosion in connected smart devices, bankers will see more opportunities to serve customers—and confront thornier risks—than ever before.
The Global Supply Chain Finance Forum—which includes BAFT, ABA’s global transaction banking subsidiary—today released a new guidance document on receivables discounting technique.
The RTP network — the first new payment rail launched in the United States in four decades — is a bank-driven system for instant processing and settling of payments.
The Clearing House’s Real-Time Payments system is open to all depository institutions with no volume discounts and with a model that will lead to lower pricing as the system reaches scale, TCH President and CEO Jim Aramanda said today at the ABA Payments Forum in Washington.
As promised in March, the Clearing House today named two community bankers to the Real-Time Payments Business Committee. The committee provides input and guidance to the RTP network, a new real-time core payments system operated by TCH.