4 Things to Know About the FedNow® Service
SPONSORED CONTENT PRESENTED BY FEDERAL RESERVE FINANCIAL SERVICES In today’s world, individuals and businesses expect everything at the click of ...
Tag: Payments system
RTP network surpasses one billion transactions
The RTP network on Jan. 31 surpassed processing one billion payments, a record set roughly 18 months after the network ...
The Clearing House: Value on RTP network up nearly 95% in 2024
TCH reports that payment value on its RTP network rose 94% in 2024 to $246 billion, while volume increased 38% ...
BIS payments committee publishes steps for ISO 20022 adoption
ISO 20022 is an international standard for electronic data exchange between financial institutions.
Survey: Financially unhealthy small businesses carry most credit card debt
More than half of U.S. small businesses are financially unhealthy, with a majority of those companies carrying revolving debt on ...
RTP network to raise individual transaction limit to $10M
The Clearing House will raise the individual transaction limit on the RTP network to $10 million on Feb. 9, 2025. ...
FedNow® Service Ends the Year with Continued Momentum and Lessons Learned
SPONSORED CONTENT PRESENTED BY FEDERAL RESERVE FINANCIAL SERVICES The FedNow Service is wrapping up 2024 with more than 1,000 participating ...
FedNow grew to $17.5B in transactions in third quarter 2024
The FedNow instant payments service saw nearly $17.5 billion in transactions in the third quarter of the year, up from ...
CFPB finalizes rule to regulate nonbank payments providers
The CFPB finalized a rule that will allow it to regulate large nonbank firms that provide digital payments services, but ...
Fed: Card payments, mobile wallets showed strong growth in 2022
Credit and debit card payments continued to grow in 2022, reaching 153.3 billion transactions and $9.76 trillion in value, according ...
