ABA offers support, recommendations for Treasury’s efforts to increase payment system efficiency
ABA sent a letter in response to the Treasury's request for information regarding modernizing payments to and from the U.S. ...
Tag: Payments system
FedNow adds risk mitigation feature, boosts transaction limit
The FedNow instant payments service this week announced it has launched a new account activity threshold feature and raised its ...
Podcast: Quantum computing’s shakeup in payments, cybersecurity
Quantum computing is an entirely new way of processing information, and it has the power to solve extremely difficult computational ...
Podcast: Breaking down the executive order on Treasury checks
In the wake of this week's significant executive order directing the Treasury to eliminate the use of paper checks for ...
Podcast: What’s next for stablecoin policy and tech
Legislators and regulators are strongly focused on policy related to payment stablecoins, most recently with the passage of the Genius ...
Survey: More young people turning to buy now, pay later services
The number of consumers using buy now, pay later services continued to grow in 2024, with much of that growth ...
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 ...
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.
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