FSB exploring options for adopting Legal Entity Identifier for cross-border payments
The Financial Stability Board today released a report on how the Legal Entity Identifier—a unique alpha-numeric code that provides for ...
Tag: Payments system
Fed finalizes ISO 20022 timeline extension
The Fed also confirmed the new timeline for implementation based on review of public comments: March 10, 2025.
Fed to delay ISO 20022 implementation until 2025
The Federal Reserve signaled that it intends to delay the implementation of the International Organization for Standardization’s 20022 message format ...
Podcast: How a CBDC would ‘fundamentally rewire our economy’
In a special bonus episode of the ABA Banking Journal Podcast, ABA's Rob Morgan digs into the association's comments on ...
Study: Fraud attempts rise 41% in 2021
Fraud attempts shot up 41% year-over-year in 2021, according to a new survey released by NICE Actimize.
Fed finalizes Reg J amendments governing FedNow service
The Federal Reserve issued a final rule designed to help the agency implement the instant FedNow payments service, scheduled to ...
ACH Network shows strong Q1 growth
B2B payments increased by 15.5% from Q1 2021, with more than 1.4 billion ACH B2B payments made. It's also a ...
NACHA releases guide addressing contractual considerations of voice payments
The reference guide, created by NACHA’s Payments Innovation Alliance, provides background on the importance of terms and conditions when offering ...
ABA to policymakers: Don’t undermine private-sector payments innovation
In a statement for the record of a House Financial Services Committee task force hearing, ABA urged lawmakers to “remain vigilant and deliberate” ...
ABA, groups: more clarity needed on Fed payments system access proposal
As the Federal Reserve continues to consider which entities may become eligible for access to its payments systems, ABA and ...
