Browsing: Payments

Newsbytes

The Federal Reserve’s Faster Payments Task Force is inviting payment innovators to submit capabilities that can support end-to-end faster payments solutions to its Capability Showcase, a web forum where solutions providers can share new technologies and ideas.

Payments Realizing the Value of Same-Day ACH

When same-day ACH credit capability becomes available this fall, 
it will provide a wide variety of opportunities to add value for business and retail customers alike.

Newsbytes

On Monday, in response to requests by ABA and others in the payments industry, Federal Reserve Governor Jerome Powell said the Fed would review the Federal Reserve Banks’ costs associated with anti-money laundering and compliance as well as a review to determine if any changes to Fed policies, procedures, or fee structures are warranted.

Compliance and Risk

ABA in a comment letter yesterday to the Bank for International Settlements voiced its support for three of the four recommendations made by BIS’ report on correspondent banking to improve the cross-border payments marketplace, but said that the report ultimately failed to address the central issue of excessive regulatory burden leading to the termination of correspondent banking relationships.

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