Brainard: Fed Reviewing Blockchain Use Cases

The Federal Reserve has convened a working group on distributed ledger technology, commonly known as blockchain, to review its uses for financial services and issue a report later this year, Fed Governor Lael Brainard said on Friday.

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Task Force Assessments on ‘Faster Payments’ Due Mid-2017

The task forces convened as part of the Federal Reserve’s “faster payments” initiative have begun reviewing 19 specific proposals to advance faster payments in the U.S., according to a Fed statement today, with the first installment of a final report due from the Faster Payments Task Force and the Secure Payments Task Force in January.

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Visa: EMV-Enabled Merchants Seeing Just Half of Previous Fraud

A year after the liability shift for card fraud based on readiness for chip card or EMV capability, merchants that had completed the transition to chip card terminals saw 47 percent less counterfeit fraud in May versus a year earlier, according to figures released today by Visa.

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