ABA Offers Feedback to OCC on Fostering Innovation
In an extensive comment letter to the OCC today, the American Bankers Association offered feedback on a recent advance notice ...
Tag: Payments
Financial Trades Raise Concerns About Potential OCC Payments Charter
The American Bankers Association joined several financial trade associations today in a letter to Acting Comptroller of the Currency Brian ...
Survey: Consumers Show Growing Preference for Contactless Card Payments
Of payment cardholders who are familiar with contactless payments, three out of four prefer using a contactless credit or debit ...
Fed to Hold Payments Services Fees Steady for 2021
The Federal Reserve announced today that it will maintain its current fee schedules for priced services for most payments services ...
False Dichotomy: Fraud Detection and Cardholder Relationships
Banks can benefit from fraud analytics models and machine learning—and can even deputize cardholders into proactively helping them understand where ...
Fed Publishes New Standardized Framework for Understanding Payments Fraud
The Federal Reserve today published a new framework that banks and other payment providers can use to classify and understand ...
IRS: 130M Economic Impact Payments Distributed to Americans
A total of 130 million Americans received economic impact payments totaling more than $200 billion within the first four weeks ...
ABA Supports Proposed NACHA Rule Changes
In a letter to NACHA last week, ABA offered support for several proposed changes aimed at improving and simplifying the ...
Secret Service Notice Describes Features of Legitimate Economic Impact Payment Checks
As the Treasury Department prepares to issue paper checks to economic impact payment recipients, the U.S. Secret Service released a ...
Fed: No Payments Service Disruptions Expected from Coronavirus
Federal Reserve Financial Services on Thursday issued a statement assuring its customers that it does not anticipate business disruptions as ...
