The Federal Reserve is seeking public feedback on a proposal to adopt the International Organization for Standardization’s 20022 message format for its Fedwire Funds Service instead of its current proprietary format.

Credit cards and prepaid cards increased their share of payment instruments that households use in a typical month, according to results from the Federal Reserve Bank of Boston’s 2016 and 2017 Surveys of Consumer Payment Choice released today.

As part of the Consumer Financial Protection Bureau’s ongoing feedback initiative, ABA and its transaction banking subsidiary BAFT, joined by the Clearing House and the Consumer Bankers Association, urged the CFPB to make several much-needed rule changes to its remittance rule.

As the leader of a 32-person R&D team helping U.S. Bank's business lines implement new technology and scout out the most promising financial innovations, Dominic Venturo is on the front lines of fintech innovation in the banking world. On the latest episode of the ABA Banking Journal Podcast, Venturo talks about recent and upcoming innovations that U.S. Bank is rolling out.

Retailers that have completed their EMV chip card technology upgrades have seen counterfeit fraud drop 76 percent from the end of 2015 to the end of 2017, according to new figures released today by Visa.

ABA earlier this week joined three other financial trade groups in offering support for a Federal Reserve proposal to harmonize Regulation J -- which governs the collection of checks or other items by Federal Reserve banks and funds transfers through Fedwire -- with Regulation CC, which implements the Expedited Funds Availability Act. 

As fraud in the wholesale payments system becomes more complex and prevalent, the Basel, Switzerland-based Bank for International Settlement’s Committee on Payments and Market Infrastructures today released a strategy for managing wholesale payments fraud risk.

As part of its efforts to help bankers better understand and employ financial technology, ABA has published a new white paper titled “Understanding Zelle.”

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.

In a statement for the record of a House Financial Services subcommittee hearing on data security today, ABA outlined several guiding principles for protecting consumer data from data breaches and online cyberattacks.