FedNow to Launch in July
The Federal Reserve’s FedNow instant payments service will begin operating in July, the agency announced this week.
Tag: Payments
Survey: Businesses see growth potential in newer payments systems
Financial leaders in business and government expect contactless cards and digital wallets to continue growing in popularity over the next ...
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.
ABA, trade groups call for extension on Reg II changes
ABA joined four other financial trade associations in a letter to the Federal Reserve last week seeking an extension for ...
ABA-opposed credit card routing bill again left out of spending measure
Retailer-backed legislation creating new credit card routing mandates was left out of a bipartisan omnibus spending bill after a sustained ...
Fed makes changes to payments system risk policy
The Federal Reserve today adopted changes to its payments system risk policy that would expand access to collateralized intraday credit ...
Poll: Businesses prefer banks to fintech for payment solutions
Most businesses would rather partner with a bank for their payment solutions rather than work with a third-party financial technology ...
Mississippi Bankers CEO pans Durbin expansion bill
A new legislative proposal giving merchants broad say over which credit card routing networks could drive up the cost of ...
Bank trade groups call out misleading Warren report on Zelle fraud
ABA today joined three financial trade associations in pushing back against a report issued by Sen. Elizabeth Warren (D-Mass.) examining ...
