ABA to policymakers: Don’t undermine private-sector payments innovation
In a statement for the record of a House Financial Services Committee task force hearing, ABA urged lawmakers to “remain vigilant and deliberate” ...
Tag: Faster payments
TCH, EBA Clearing, Swift plan pilot for faster cross-border payments
With the support of 24 international banks, EBA Clearing, Swift and the Clearing House plan to initiate a pilot service ...
TCH raises RTP network transaction limit to $1 million
The Clearing House today announced an increase in the general transaction value limit for payments made on the Real-Time Payments ...
NACHA Expands Same-Day ACH Limit to $1M
As expected, NACHA today increased the dollar limit for same-day ACH transactions from $100,000 to $1 million. The change was ...
Podcast: Providing Liquidity for Small Businesses Amid Supply Chain Kinks
Amid persistent inflation and supply chain kinks, small businesses are finding more and more that "cash is king," especially as ...
NACHA: ACH Transaction Volume, Value Grow in 2021
Electronic ACH payment transaction volume grew by 8.7% last year, reaching 29.1 billion transactions, according to a report today from ...
Survey: Real-Time Payments Capability Top Factor in Bank Selection by Businesses
A recent survey by Citizens Financial Group found that 85% of business leaders say real-time payments capabilities is the most ...
ABA Supports Fed Single-Day Migration to New Message Format, Concerned About Lack of Detail
The American Bankers Association told the Federal Reserve on Monday that it supports a plan to migrate to a new ...
FSB Seeks Input on Data Frameworks Affecting Cross-Border Payments
As part of its ongoing effort to enhance cross-border payments, the Financial Stability Board is conducting a survey to collect ...
Kansas City Fed’s George Says FedNow to Be Ready in 2023
Esther George, president and CEO of the Federal Reserve Bank of Kansas City today announced that the FedNow payment system ...
