Podcast: The incredible shrinking penny (circulation)
ABA's Steve Kenneally on the Fed's decision on penny deposits, the operational challenges the penny phaseout poses to retailers and ...
Tag: Payments system
Fed seeks feedback on proposed ‘skinny’ accounts for payment services
The Federal Reserve is seeking comment on whether to create a new “payment account” category that certain financial institutions could ...
Fed seeks public input on potential changes to its check services
The Federal Reserve is seeking public input on potential changes to the check services it provides to banks and credit ...
Fed’s Waller proposes creating ‘skinny’ master account for payment services
Federal Reserve Governor Christopher Waller proposed the creation of a “skinny” master account for payment services that would be easier ...
Nacha adopts new rules to enhance international ACH transactions
Nacha voting members approved new rules aimed at increasing the efficiency of international Automated Clearing House transactions, or IATs, according ...
Fed to expand Fedwire, NSS operations to Sundays, holidays
The Fed announced that Fedwire Funds Service and National Settlement Service operations will be expanded to include Sundays and weekday ...
FedNow to raise transaction limit to $10M
Starting in November, the FedNow Service network transaction limit will be increased from $1 million to $10 million in response ...
Fed to host conference on payments in October
The conference will bring together a range of interested parties to discuss how to further innovate and improve the payments ...
ABA, associations seek revisions to Fed’s debit card survey
ABA and five financial sector associations this week reiterated their longstanding concerns about the Federal Reserve’s Debit Card Issuer Survey, ...
Zelle grows to more than 2,300 financial institutions
The total number of institutions on Zelle is now more than 2,300, with 95% institutions either community banks or credit ...
