Fed General Counsel: FedNow Not Open to Nonbanks
Nonbanks should not expect direct access to FedNow, the 24/7/365 payments system the Federal Reserve is developing, according to a...
Payments
Small Biz Credit Card Users More Satisfied, More Likely to Switch than Consumer Credit Card Users
While small business credit card customers report significantly higher satisfaction with their credit cards than consumer credit card customers, they...
Consumers Give Bank Mobile Apps Top Marks in Morning Consult Survey
Ninety-five percent of respondents in a recent American Bankers Association/Morning Consult survey rated their bank’s online and mobile app experience...
ABA Calls for Interoperability as Fed Moves Ahead with ‘FedNow’ Service
As the Federal Reserve moves ahead with its plan to develop the FedNow real-time payments settlement service, the American Bankers...
Credit Card Use Rebounds in Second Quarter
Credit card use rebounded in the second quarter of 2019, after moderating in the first quarter, according to the American...
FinCEN Designates Iran as ‘Primary Money Laundering Concern’
The Financial Crimes Enforcement Network today issued a final rule imposing a fifth special measure against Iran as a jurisdiction...
Sanctions Compliance Pitfalls for Banks
Ten factors financial institutions should look out for in strengthening their OFAC compliance programs.
Fed White Paper Examines Synthetic ID Fraud
With synthetic ID fraud—a tactic by which fraudsters use a combination of fake and legitimate information to create new identities—on...
How One Community Bank Is Reinventing CX for the Digital Age
From simplified 10-step online account openings, to value-added robo-advising, to “certified digital bankers,” OceanFirst Bank delivers a new community banking...
