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...
Payments
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...
Survey Finds Cost of Funds Top of Mind for Community Bankers
Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released...
Banker Op-Ed: Lack of Interoperability in Real-Time Payments Could Limit Consumer Choice
As the Federal Reserve moves ahead with the creation of the FedNow real-time payments service, interoperability with existing systems will...
ABA: Fed Must Prioritize Interoperability in Development of FedNow
As the Federal Reserve develops its own faster payments system, it must focus on ensuring interoperability between the existing RTP...
