Fed Announces Details of FedNow Service
The Federal Reserve today released more details about its forthcoming FedNow service to provide real-time payments settlement and clearing, including ...
Tag: Payments system
Coin Task Force Issues Statement on Circulation Slowdown
With the COVID-19 pandemic continuing to disrupt the normal circulation of coinage in the U.S. economy, the U.S. Coin Task ...
Podcast: OCC’s Brooks Plans to Unveil ‘Payments Charter 1.0’ This Fall
The OCC is planning to unveil what Acting Comptroller Brian Brooks called "payments charter 1.0" as soon as this fall, ...
ABA: Amid Pandemic, Banks Delivering Funds Quickly to Consumers, Businesses
Throughout the coronavirus pandemic, banks have driven “unprecedented speed and efficiency” in delivering COVID-19 relief, including the CARES Act Economic ...
COVID-19 Exposes Threats, Opportunities for the Payments Business
As consumer spending patterns shift, banks are adjusting on the fly and focusing on relationships.
Fed: No Payments Service Disruptions Expected from Coronavirus
Federal Reserve Financial Services on Thursday issued a statement assuring its customers that it does not anticipate business disruptions as ...
J.D. Power: Banks Continue to Outperform Nonbanks with Small Biz Merchant Services
In a study evaluating small businesses’ satisfaction with merchant services providers, J.D. Power found for the second year in a ...
TCH Raises RTP Network Transaction Limit to $100,000
The Clearing House today announced an increase in the general transaction value limit for payments made on the Real-Time Payments ...
ABA Supports Proposed Changes to Remittance Rule
In a joint comment letter with the Clearing House and the Consumer Bankers Association yesterday, the American Bankers Association and ...
ABA Data Bank: ATM Cash Withdrawal Trends
As ATM withdrawals decline in number, the average transaction value has gone up.
