The U.S. Faster Payments council—an industry-led coalition dedicated to driving faster payments innovation and adoption—has announced that ABA SVP Steve Kenneally has been elected to a two-year term on its board.
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The Federal Reserve today sought public comment on whether the Fed banks should extend the daily operating hours of the National Settlement Service and Fedwire Funds Service to facilitate adoption of a third same-day ACH processing and settlement window.
The Clearing House today released a set of eight “business principles” that will govern the operation of its RTP network, a new real-time core payments system.
Fifty percent of first-time person-to-person payments users are aged 45 or older, according to survey data released today by Early Warning Services.
In a comment letter to the Federal Reserve today, ABA offered feedback on potential Fed actions to accelerate interbank settlement of faster payments, including the idea of the Fed banks developing a 24/7/365 real-time settlement service and a liquidity management tool to support this service.
How to blend the basics of fighting fraud with new tactics, capabilities and processes to keep pace with digital payments.
To continue U.S. progress toward faster payments, ABA and several other leading organizations and institutions in the payments industry today launched the Faster Payments Council.
Read on for further insights on faster payments, open banking, security and more.