The New Digital Frontier Calls for Immediate Digital Cash Standards
New standards designed for the digital era would strengthen security, prevent fraud and finally give consumers more control over their ...
Tag: Payments system
Powell: Fed ‘Not Equipped’ to Service Individual Accounts
Federal Reserve Chairman Jerome Powell today said that his agency is “not equipped to service individual commercial and retail accounts” ...
ABA Files Amicus Brief in Support of Visa Merchant Data Breach Compensation Program
The American Bankers Association yesterday filed an amicus brief in the Texas state court case of Visa v. Sally Beauty ...
IRS, Treasury Announce Next Batch of Economic Impact Payments
The Internal Revenue Service and Treasury announced today that the next batch of economic impact payments will be sent to ...
Financial Trade Groups Address Confusion Around Economic Impact Payment Date
In response to confusion about when consumers can access the latest round of economic impact payments, the American Bankers Association ...
Zelle Payments Now Able to be Cleared, Settled Over RTP Network
The streamlined instant payment experience is expected to benefit consumers, businesses.
Financial Trade Groups Offer Recommendations to Improve EIPs
As lawmakers consider a new round of direct payments as part of a new COVID-19 relief package, the American Bankers ...
J.D. Power: Satisfaction with Small Biz Merchant Services Declines
Small businesses’ satisfaction with merchant services providers took a hit during the COVID-19 pandemic, according to the J.D. Power 2021 ...
NACHA Sees Record Spike in ACH Payments during Pandemic
A total of 26.8 billion payments were made on the ACH Network in 2020—up 8.2% from a year prior—with a ...
FedNow to Launch in 2023
The Federal Reserve yesterday said that its FedNow service will be ready to launch in 2023. The Fed previously indicated ...
