ACH Network handled more than eight billion payments in Q1
The Automated Clearing House Network handled 8.2 billion payments valued at $20.7 trillion in the first quarter of 2024, led ...
Tag: Payments system
Real-time payments network hit record transactions in Q1
The Clearing House's real-time payments network handled a record 76 million transactions in the first quarter of 2024, valued at ...
OCC’s Hsu suggests requiring banks, AI companies to reimburse customers for fraud
A new U.K. regulation requiring banks to reimburse customers for losses resulting from push payment fraud “deserves greater discussion and ...
ABA core provider survey cited in Kansas City Fed research brief
While the researchers do not draw any conclusions, they discuss evidence of how “potentially unfair” contract terms may contribute to ...
The Federal Reserve’s Nick Stanescu shares what’s next for the FedNow® Service
SPONSORED CONTENT PRESENTED BY FEDERAL RESERVE FINANCIAL SERVICES The FedNow Service launched in July 2023 with 35 financial institutions live ...
ABA, associations: Cross-border payments standards would disadvantage U.S, banks
A set of proposed harmonization requirements for cross-border payments need to account for the implications and costs to U.S. depository ...
ABA, CBA weigh in on proposal to supervise nonbank payment providers
In a joint letter, ABA and the Consumer Bankers Association expressed tentative support for a CFPB proposal to regulate large ...
Study: Smartphones preferred for online financial activity
Study authors recommended that financial institutions prioritize robust multichannel authentication strategies, including offering options for routine and infrequent online transactions.
Poll: Bank customers prefer multifactor authentication for account access
A majority of retail banking customers want to authenticate their identities each time they access their bank accounts, and many ...
Podcast: The bank policy outlook for 2024
From the Basel III endgame to Regulation II to new Community Reinvestment Act and Section 1071, 2023 has delivered a ...
