Fed Survey: Noncash Payments Total $178 Trillion
More than 144 billion noncash payments -- those made with debit or credit cards, ACH and checks -- were made ...
Tag: Payments system
Visa, MasterCard Delay Gas Pump EMV Liability Shift to 2020
Visa and MasterCard yesterday pushed back the date when liability for fraudulent transactions at gas pumps shifts to the party ...
Study Finds Strong Linkage between Income, Banking Status
Income is a significant factor in determining whether or not consumers use traditional banking and payment services, according to a ...
Fed Q&A Interprets Durbin Amendment Routing on EMV
Under the Durbin Amendment, card networks cannot require merchants to allow debit cardholders to choose EMV chip application when one ...
Survey: Eight in 10 Trust Banks Most for Payment Safety
An overwhelming majority of consumers -- 82 percent -- say they trust banks most to keep their payments safe, according ...
Fed’s 2017 Fees to Rise 3.2 Percent
The Federal Reserve System’s 2017 fee schedules for priced services that go into effect Jan. 1 are expected to be ...
Survey: Cash Resilient Amid Digital Payments Innovation
Prophecies of a cashless society are proving premature, according to survey results released by ATM provider Cardtronics and research firm ...
Brainard: Fed Reviewing Blockchain Use Cases
The Federal Reserve has convened a working group on distributed ledger technology, commonly known as blockchain, to review its uses ...
Credit Cards, Online Bill Pay Increase Shares of Payments
Credit cards and online bill pay increased their shares of all payments, according to results from the Federal Reserve Bank ...
Task Force Assessments on ‘Faster Payments’ Due Mid-2017
The task forces convened as part of the Federal Reserve’s “faster payments” initiative have begun reviewing 19 specific proposals to ...
