As part of its efforts to help bankers better understand and employ financial technology, ABA has published a new white paper titled “Understanding Zelle.”
Browsing: Faster payments
On the latest episode of the ABA Banking Journal Podcast, Jeff Plagge — president and CEO of Northwest Financial Corp. in Arnolds Park, Iowa, and a former ABA chairman — discusses how a smaller community banking company like his, with $1.8 billion in assets, can make investments to stay on the technological cutting edge.
Financial institutions are leveraging technology to make payments faster, easier and safer.
As financial innovation forges ahead and digital currencies like bitcoin continue to make headlines, Federal Reserve Vice Chairman for Supervision Randal Quarles today emphasized the need to balance innovation with financial stability.
It’s a big news week on the latest episode of the ABA Newsbytes Podcast. Co-hosts Evan Sparks and Shaun Kern discuss the appointment of Jay Powell as Federal Reserve chairman and the final repeal of the arbitration rule. FirstBank’s Jim Reuter is the interview guest.
As the push for faster payments in the U.S. intensifies, and as a variety of businesses enter the payments space, banks continue to have a “key role” in facilitating payment innovations, Federal Reserve Governor Jerome Powell said in a New York speech yesterday.
The Federal Reserve today announced the members of its Governance Framework Formation Team, an initiative created by the Faster Payments Task Force and outlined in the task force’s final report, which was released earlier this year.
A majority of consumers across all age groups trust banks the most to keep their payments safe than alternative payment providers, retailers and telecommunications companies, according to a recent ABA/Morning Consult poll.
Following recommendations by the Federal Reserve’s Faster Payments Task Force earlier this summer, the Fed today outlined its next steps for modernizing the U.S. payments system.
The Federal Reserve’s Faster Payments Task Force yesterday released its long-awaited recommendations for accelerating real-time payments in the United States with a goal of real-time payment ubiquity by 2020.