Survey: Gen X, Boomers Drive Broader Adoption of P2P
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.
Browsing: Payments system
J.D. Power: Banks Outperform Nonbanks in Small Biz Merchant Services Satisfaction
In a study evaluating small businesses’ satisfaction with merchant services providers, J.D. Power found that banks outperformed nonbank fintech firms and scale processors.
Wendy’s Reaches Data Breach Settlement with Banks
U.S. fast food chain Wendy’s last week announced a $50 million settlement with financial institutions that suffered losses during a data breach that ran from October 2015 through June 2016.
Five Global Fintech Trends in 2019
Financial innovation is happening worldwide. Here are some of the top developments to watch.
Fed Survey Notes Continued Growth in Noncash Payments
Noncash payments in the U.S. continued to see strong growth in the period between 2016 and 2017, according to an annual supplement to the Federal Reserve’s triennial payments study released today.
ABA Offers Feedback on Federal Reserve Faster Settlement Proposal
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.
Fed, CFPB Reopen Comments on 2011 Reg CC Proposal
The Federal Reserve and the Consumer Financial Protection Bureau today reopened the public comment period on the Fed’s 2011 proposal regarding funds availability under Regulation CC.
BAFT Appoints New Chairman of Transaction Global Leaders Group
BAFT, the American Bankers Association’s global transaction banking subsidiary, announced today that Diane Reyes has been appointed the new chairman of its Transaction Banking Global Leaders group.
Basel: Decline in Global Correspondent Banking Relationships Accelerates
The number of worldwide correspondent banking relationships continues to decline, according to new figures released today by the Basel, Switzerland-based Financial Stability Board.
ABA Joins Other Payments Leaders to Launch Faster Payments Council
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.