Fed Chairman ‘Undecided’ about Merits of Central Bank Digital Currency
Testifying before the Senate Banking Committee today, Federal Reserve Chairman Jerome Powell said that he is “legitimately undecided about whether ...
Tag: Payments system
Fed Proposes Changes to Reg J to Accommodate FedNow
The Federal Reserve today proposed to create a new subpart of Regulation J that would provide a “comprehensive set of ...
J.D. Power: Traditional Lending Satisfaction Rises as Fintech Satisfaction Declines
Customer satisfaction with traditional bank and credit card-branded lenders increased four points from last year to 861 while fintech lenders’ ...
Fed Advisory Council Urge Scrutiny of Fintech Firms Seeking Payments System Access
Members of the Federal Reserve’s Community Depository Institutions Advisory Council—which includes several American Bankers Association member bank CEOs—raised concerns about ...
Arab Bank Executive Elected BAFT Chair
BAFT, the American Bankers Association’s global transaction banking subsidiary, has named Maram Al-Jazireh as chair of its board for the ...
Fed Proposes Guidelines for Payments System Access
In a significant move today, the Federal Reserve proposed new guidelines that it will use when evaluating requests for master ...
Several Core Providers to Cover Cost for MDIs to Join RTP Network
The Clearing House, Jack Henry, FIS and Fiserv announced today that they will cover the cost for minority-owned depository institutions ...
IRS Sends 25 Million Economic Impact Payments
The Internal Revenue Service said today that it has issued another 25 million economic impact payments with a value of ...
BAFT Makes Recommendations to Create Faster Cross-Border Payments Ecosystem
In a new white paper released today, BAFT, ABA’s global transaction banking subsidiary, recommended several steps to create a faster ...
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 ...
