Browsing: Payments system

Economy

New credit card accounts rose 10.7 percent year-on-year in the third quarter of 2016 to total 87.3 million, according to the latest edition of ABA’s Credit Card Market Monitor released today.

Newsbytes

The Federal Reserve today released a status update on its “faster payments” initiative, reporting progress on five key strategies: stakeholder engagement, faster payments, payment security, payment efficiency and enhanced Fed services.

Newsbytes

More than 144 billion noncash payments — those made with debit or credit cards, ACH and checks — were made in the U.S. between 2012 and 2015, totaling nearly $178 trillion, the Federal Reserve reported today in its triennial payments study.

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