Fed announces 2024 pricing for payment services
The Federal Reserve announced new pricing for the payment services that Fed banks provide to depository institutions, such as the ...
Tag: Payments
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, ...
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 ...
FedNow to Launch in July
The Federal Reserve’s FedNow instant payments service will begin operating in July, the agency announced this week.
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 ...
