Survey: Consumers Concerned about Card Security Even as Fraud Rate Falls
Efforts by financial institutions to secure card payments and prevent fraud appear to be paying off, according to a recent...
Payments
Task Force Report Points to Real-Time Payments by 2020
The Federal Reserve’s Faster Payments Task Force yesterday released its long-awaited recommendations for accelerating real-time payments in the United States...
BAFT to Offer New Payment Certification
BAFT -- ABA’s global transaction banking subsidiary -- announced a new partnership with the London Institute for Banking and Finance...
CFPB Finalizes Rule Dramatically Curtailing Arbitration Agreements
The Consumer Financial Protection Bureau today finalized a controversial rule that prohibits customers from waiving their ability to participate in...
Fed Researchers: Durbin Amendment Led to Loss of Free Checking
Confirming long-observed anecdotal evidence, a recent paper from two Federal Reserve researchers found that after the Durbin Amendment took effect,...
Fed: Credit Card Banks Report Lower Profits in 2016
Profitability among the nation’s large credit card banks fell slightly in 2016, according to data released by the Federal Reserve...
Basel: Global Correspondent Banking Relationships Continue Decline
The number of worldwide correspondent banking relationships continues to decline, according to new figures released yesterday by the Basel, Switzerland-based...
Fed Survey: Noncash Payments Increase, Debit Most Popular with Consumers
Consumer noncash payments have increased significantly between 2000 and 2015, according to new data from the Federal Reserve today.
Nine Young Bankers Who Changed America: Marcellus Flemming Berry
By perfecting the money order and inventing the traveler’s cheque (all by his early 40s), Marcellus Berry brought efficient and...
