By perfecting the money order and inventing the traveler’s cheque (all by his early 40s), Marcellus Berry brought efficient and safe payments to mass audiences for the first time.

Hock imagined the Visa network, an entirely new approach to card acceptance and settlement.

Just 13 percent of banks have a formalized payments strategy in place, according to a new survey released today at ABA’s inaugural Payments Forum in Washington, D.C.

As more and more fintech companies emerge in the financial services industry, Rep. Randy Hultgren (R-Ill.) today said that that Congress’ role must be to “make sure we’re not getting in the way of innovation” and ensure a level playing field between bank and nonbank players.

The Federal Reserve today announced long-awaited changes to certain sections of Regulation CC, which implements the Expedited Funds Availability Act.

As the Consumer Financial Protection Bureau prepares to assess the effectiveness of its final rule governing remittance transfers, ABA called on the bureau to conduct an evidence-based assessment on whether the rule has preserved consumers’ access to remittance services.

Eight financial trade associations -- including ABA -- wrote to members of Congress today opposing the Border Wall Funding Act of 2017 (H.R. 1813), a bill that would impose a 2 percent fee on remittance transfers to certain countries.

As representatives from the retail industry hit Capitol Hill this week to lobby members of Congress, American Bankers Association President and CEO Rob Nichols called on lawmakers to repeal the Durbin Amendment, which imposed government price controls on debit card interchange.

Electronic ACH payment transaction volume grew by 5.3 percent in last year, reaching 25.6 billion transactions, according to a report today from NACHA, the electronic payments association.