Regulatory arbitrage in the payments system is risky business
Innovation that puts the payment system at greater risk isn’t “disruption.” It’s an unforced error that the Fed can and ...
Tag: Payments system
Shorter settlement cycle means banks’ brokerage services face challenges
Banks that retain more of their brokerage activity in-house but outsource functions such as trade execution or clearing to third ...
TCH raises RTP network transaction limit to $1 million
The Clearing House today announced an increase in the general transaction value limit for payments made on the Real-Time Payments ...
How Competitive Is the Credit Card Market?
A look at the card market shows robust competition among card networks and issuers.
ABA Urges Treasury to Raise Awareness of Coin Circulation Slowdown
The American Bankers Association and a coalition of trade groups today urged the Treasury Department to raise public awareness of ...
NACHA Expands Same-Day ACH Limit to $1M
As expected, NACHA today increased the dollar limit for same-day ACH transactions from $100,000 to $1 million. The change was ...
Biden Signs Executive Order to Advance Digital Assets, Explore CBDC
President Biden today signed a long-awaited executive order directing government agencies to take “concrete steps” to advance the use of ...
The Clearing House: ACH Transaction Volume on EPN Network Outpaces National Level
As bank customers increasingly turn to electronic payments, the Clearing House today announced that transaction volume on EPN, its ACH ...
Powell Signals Fed to Move Forward with Interest Rate Hikes
Federal Reserve Chairman Jerome Powell told members of the House Committee on Financial Services today that he expects the Fed ...
Russian Banks Denied Access to Swift; Biden Sanctions Putin
As the conflict in Ukraine continued to escalate over the weekend, President Biden and several world leaders agreed to block ...
