Barr: Fed seeking to empower supervisors following SVB failure
The Federal Reserve is working to let its supervisors know that they should act “with force and agility” when they ...
Tag: Payments system
CFPB proposes to supervise nonbank payment providers
The CFPB has taken steps to regulate large nonbank firms that provide digital payments services, including P2P payments, mobile wallets, ...
Fed: More than 100 institutions using FedNow
A total of 108 institutions are now using the FedNow service, the Federal Reserve said.
RTP Network expands request for payment availability
Broker dealers, billers and suppliers using the RTP Network can now request a payment from their customers through secure bank ...
ACH Network reports significant growth in same-day payments in 2023
The ACH Network saw significant growth in same-day ACH payments in the first half of 2023, according to figures released ...
Federal Reserve launches FedNow service
The Federal Reserve today officially launched its FedNow service for instant payments. Banks of all sizes can sign up and ...
ABA provides feedback on Nacha risk management inquiry
ABA offered feedback on a recent request by Nacha for comment on four risk management topics that could inform future ...
ABA suggests changes to Nacha proposals on credit, debt risk management
ABA offered feedback on Nacha’s recent proposal to amend nine of its operating rules on credit risk and debit risk ...
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 ...
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 ...
