Fed’s Waller: FedNow grows to nearly 1,000 institutions
Nearly 1,000 depository institutions are using FedNow roughly a year after its implementation, Federal Reserve Governor Christopher Waller said.
Tag: Payments system
Instant Payment Use Cases Gaining Traction to Meet Growing Demand
SPONSORED CONTENT PRESENTED BY FEDERAL RESERVE FINANCIAL SERVICES More than 900 financial institutions across the country are using the FedNow® Service, ...
Fed extends comment period on Fedwire, NSS operating time changes
The Federal Reserve will extend until Sept. 6 the comment period on its proposal to expand the operating days of ...
ABA, associations: New York lawsuit would upend wire transfer law
ABA, the New York Bankers Association and two other associations urged a federal court to dismiss a lawsuit brought against ...
Is it time to kill the paper check?
Checks aren’t dying on their own. Meanwhile check fraud is up exponentially while bankers await a killer app for payments.
Podcast: Is it time to kill the paper check?
The paper check won’t die. Is it time to kill it? This episode of the ABA Banking Journal Podcast sets ...
ABA seeks more time for public comment on wire transaction expansion
In a letter, ABA asked the Financial Action Task Force to extend the comment deadline for a proposed expansion of ...
Fed proposes expanding operating times of Fedwire, NSS to weekends, holidays
The Federal Reserve is proposing to expand the operations of the Fedwire Funds Service and the National Settlement Service to ...
ACH Network handled more than eight billion payments in Q1
The Automated Clearing House Network handled 8.2 billion payments valued at $20.7 trillion in the first quarter of 2024, led ...
Real-time payments network hit record transactions in Q1
The Clearing House's real-time payments network handled a record 76 million transactions in the first quarter of 2024, valued at ...
