ABA, BAFT raise concerns with cross-border payments proposal
The Bank for International Settlements’ proposed harmonization requirements for cross-border payments have not struck the right balance, and if mandated ...
Tag: Payments system
Poll: Midsize businesses seek to increase payments options
Newer payments systems such as social tokens and virtual cards are growing more popular among midsize businesses to conduct financial ...
Podcast: Counting down to the FedNow launch
After years of being "FedSoon," the Federal Reserve's instant payment network FedNow is preparing to go live this summer. What ...
Americans blame themselves for falling for real-time payment scams
Most Americans say they are personally at fault when authorizing a real-time payment to a scammer, although most also believe ...
Fed: Noncash payment numbers exploded in recent years
The value of core noncash payments in the U.S. grew faster from 2018 to 2021 than at any time since ...
ABA, trade groups urge changes to proposed Treasury check verification rule
A proposed rule to require financial institutions to use the Treasury Check Verification System, or a similar authorized system, to ...
FedNow to Launch in July
The Federal Reserve’s FedNow instant payments service will begin operating in July, the agency announced this week.
CFPB releases findings on BNPL borrowers
Many consumers who use buy-now, pay-later products do so without any indications of financial stress, although they are more likely ...
Treasury’s Liang announces interagency CBDC working group
The Treasury Department will form an interagency working group to explore the benefits, risks and potential use cases for a ...
Banks seek to provide the benefits of BNPL amid regulatory concerns
Banks entering the buy-now-pay-later market will find significant competition as well as potentially some allies.
