PYMNTS

JANUARY 12, 2018

The Feds are seeking to put nearly 4,000 bitcoins on the auction block — currently worth approximately $50 million — seized in criminal, civil and administrative cases, BGR reported. On Thursday, the U.S. While only 2.8

Fed

PYMNTS

DECEMBER 5, 2019

Faster Payments Council (FPC) as a founding sponsor, the Fed announced in a press release on Thursday (Dec. The Federal Reserve launched the Faster Payments Task Force in 2015, which advised in 2017 that a governance framework should be implemented. The Federal Reserve System has joined the U.S.

Faster Payments

PYMNTS

DECEMBER 21, 2018

That card payment data, according to the Fed, includes credit cards, debit cards and prepaid debit cards. percent of card payments in 2017, said the Fed , and “in a departure from previous reporting periods, a surge was seen in the number of prepaid and non-prepaid debit card payments relative to credit card payments.”.

Fed

PYMNTS

SEPTEMBER 7, 2017

Payment System paper, in which the Fed outlined initiatives for the payments industry and its stakeholders to promote progress. For the Fed, progress means improving the speed, security and efficiency of the payments system, and to focus on international payments capabilities and promote collaboration within the field. Efficiency.

Fed

PYMNTS

DECEMBER 11, 2017

He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry.

Fed

PYMNTS

OCTOBER 17, 2018

between 2012 and 2015, surpassing growth in noncash payments, the Federal Reserve found. billion in 2015 from $6.1 The Federal Reserve said in a press release that the fraud data was collected as part of surveys of depository institutions in 2012 and 2015 and payment card networks in 2015 and 2016. billion in 2012.

Federal Reserve

PYMNTS

DECEMBER 9, 2019

The Fed banks said that 14 percent of respondents reported making zero payments. The growth in value of payments, generally speaking, has been on an uptrend since 2015. The transaction tally per day came to about 1.4. Of the average 43 payments per month reported by U.S. As for cash holdings, U.S.

Fed

PYMNTS

MARCH 7, 2016

2015, when Reps. Such a probe would be the very first initiative by an agency to officially look into whether the Fed is, in fact, too lax with oversight of the financial institutions, at the taxpayers’ expense. Key areas for investigation include actions undertaken by the Fed between Jan. 2008 and Jan.

Fed

PYMNTS

NOVEMBER 15, 2017

More than two years after the Fed’s Faster Payments Task Force first took shape in 2015, the push toward innovation and improved infrastructure (and why shouldn’t the two be intertwined?) To that end, the Fed held a webinar late last month titled “ Next Steps in the Payments Improvements Journey.”. remains in full force. .

Fed

PYMNTS

MARCH 5, 2016

SMEs are still struggling to find financing, the Fed said in its report , and while loan approval rates were significantly higher in 2015 than they were a year before, they still leave a large portion of small business borrowers without funding.

Fed

PYMNTS

SEPTEMBER 16, 2016

Fed officials will likely welcome signs of rising inflation, but they are not expected to raise interest rates at their meeting next week, according to Reuters. On Monday, Fed Governor Lael Brainard stated that, before lifting interest rates, she wanted to see a significant increase in consumer spending and signs of rising inflation.

Fed

PYMNTS

MAY 22, 2017

The numbers show that 70 percent of more than 6,600 respondents surveyed by the Fed in October 2016 for the “Survey of Household Economics and Decisionmaking” said they felt they were “living comfortably” or “doing OK” as compared to 69 percent in 2015, with that tally at 62 percent in the first survey conducted in 2013.

Fed

PYMNTS

FEBRUARY 9, 2018

According to New York Fed economists Michael Lee and Antoine Martin, as well as Minneapolis Fed President Neel Kashkari, those fears are probably a bit overstated. “If So why is the Fed rolling its eyes, while the rest of the world seems to be getting ready to panic? And the fears that it will disrupt and displace fiat currency?

Fed

Faster Payments Council

DECEMBER 4, 2019

"The FPC would not be where it is today without the Fed's foresight and investment over the course of many years to convene the industry and collectively plan how to best modernize the payments system, and we are thrilled to now welcome them as a founding sponsor and member of the FPC," said FPC Executive Director Kim Ford. "We

Federal Reserve

PYMNTS

SEPTEMBER 20, 2016

dollar index, which compares the dollar’s value to a basket of world currencies, was up 9 percent in 2015, and analysts expect it to stay strong through 2016. Industry experts suggest that smaller-scale, grass-fed beef has grown between 25 and 30 percent annually over the past decade, according to AgWeb. According to U.S.

Fed

PYMNTS

JANUARY 14, 2021

Petco is controlled by CVC Capital Partners and Canada Pension Plan Investment Board, which acquired the company in 2015 for $4.6 Those new pets are going to need to be fed, walked and groomed for years to come,” and will be an ongoing sales driver. He added that the pandemic added 3.3 million new customers. billion in 2019. .

Fed

PYMNTS

JUNE 2, 2016

The latest cybersecurity records released include details about what type of attack, how frequently it occurred and what impact it may have had on the Fed. Which is the subject for the PYMNTS Daily Data Dive 5-in-1 today: $3 Trillion | The amount the Fed’s regional banks process in payments per day.

Breach

PYMNTS

AUGUST 15, 2019

The BIRD initiative started in 2015 and was led by the Eurosystem of eurozone central banks in conjunction with the banking industry. In 2016, hackers stole $81 million from the Bangladeshi central bank from an account at the New York Fed. “The ECB is contacting people whose data may have been affected,” the bank said.

Shutdown

PYMNTS

AUGUST 7, 2019

In faster payments news, the Fed is planning to build its own instant clearing and settlement rails. 2015: The year the Fed launched its 500-person Faster Payments Task Force. And, in retail, malls are looking for innovations with new uses for old commerce spaces. All this, Today In Data.

Fed

PYMNTS

OCTOBER 19, 2018

As reported by the Federal Reserve Payments study this week, the value of noncash fraud has gone up between 2012 to 2015, and the measure along that time frame grew by 37 percent to $8.3 The data, said the Fed, came from surveys of depository institutions in 2012 and 2015, and payment card networks in 2015 and 2016.

Wire

PYMNTS

AUGUST 31, 2017

With initiatives like the Faster Payments Task Force and the Secure Payments Task Force, the Fed is pushing for innovation and progress in the nation’s payments infrastructure and market. It’s a position that sees Sapenaro putting into action the words of the Fed’s Strategies for Improving the U.S.

Federal Reserve

PYMNTS

DECEMBER 23, 2016

from 2012 to 2015. noncash payments totaled 144 billion in 2015, with a value of close to $178 trillion, up almost $17 trillion since 2012. percent by value from 2012 to 2015. billion from 2012 to 2015, with non-prepaid debit card payments leading the way, growing 12.4 billion in 2015 with a value of $2.56

Debit Card

PYMNTS

JANUARY 13, 2021

Amex Under Fed Scrutiny Over SMB Card Practices. While representatives for the Fed, FDIC and Treasury did not respond to requests for comment, reports said they are looking into whether American Express deployed deceptive sales practices, with allegations of misrepresented reward programs.

Office of the Comptroller of the Currency

PYMNTS

AUGUST 25, 2017

The Fed first announced Dave Sapenaro as the successor to the role on Thursday (Aug. The position means Sapenaro will lead the Fed’s efforts as outlined in a paper titled Strategies for Improving the U.S. Payment System published in early 2015. Louis as well, the Federal Reserve said in its official statement.

Federal Reserve

PYMNTS

MARCH 16, 2018

Established in June 2015 , the Secure Payments Task Force has engaged more than 200 financial institutions, consumer groups, payment service providers, financial technology firms, merchants, government agencies and others interested in payment security improvement efforts.

FedPayments Improvement

PYMNTS

MAY 28, 2020

In today’s top news, Google reported a resurgence of hacking and phishing attempts in April, and tech companies are making deals at their fastest pace since 2015. This represents the fastest pace of acquisitions and strategic investments since 2015. Fed Data: US Economy Is Reopening, But Not Rebounding. While the U.S.

Phishing

PYMNTS

OCTOBER 11, 2017

percent increase in SMB lending among large banks (FIs with more than $10 billion in assets) between 2015 and 2016 — and also by the fact that previous years saw community banks with higher loan origination volumes than large banks, researchers noted. percent in 2015 to 15.9 percent in 2015 to 15.9

Community Banks

PYMNTS

MARCH 9, 2020

Between 2016 and 2018, the Fed, CFPB and OCC petitioned Wells Fargo to institute internal changes to head off future problems. Duke joined Wells Fargo’s board in 2015 and became vice chairman in October 2016. They said improved oversight was necessary in order to avoid penalties and federal monitoring. .

Consumer Financial Protection Bureau (CFPB)

PYMNTS

OCTOBER 5, 2018

The Fed just boosted rates by a quarter point last week, and it should be noted that even at a Fed funds rate of 2.25 The Fed, at the same time, wants to tamp down inflation, which means rates go higher. The Fed has boosted rates eight times since 2015 and consumers really have yet to pull back on any throttles.

Consumer

PYMNTS

JUNE 22, 2017

percent in May compared to last year, marking the smallest increase since May of 2015. Few of the policymakers think it would be worth it for the Fed to wait until the end of 2017 to consider raising interest rates again, noted the report. . Federal Reserve could push out another interest rate hike.

Federal Reserve

PYMNTS

JANUARY 27, 2017

The Fed is expected to release a report on these submissions sometime later this year. The executive added that the company’s preexisting familiarity with faster payments infrastructure can help the Fed. Dwolla’s proposal is being submitted just months after the company announced a $6.85

Faster Payments

PYMNTS

JUNE 2, 2016

Between 2011 and 2015, the U.S. The heavily redacted records represent only a small portion of the total number of cyberincidents and breaches at the Fed, because they only cover cases related to the Washington-based Board of Governors, a federal agency that is required by law to maintain public records.

Data Breach

PYMNTS

AUGUST 2, 2016

The Council of Economic Advisors considers the change in the number of unbanked or underbanked to be heading in the right direction thanks to direct deposit, community development funding, and the efforts of the FinTech industry, but Bonnie Blankenship of the Cleveland Fed begs to differ. Here are the numbers: $32.5 households.

Direct Deposit

PYMNTS

OCTOBER 8, 2018

Duff & Phelps, through its Global Enforcement Review, said at the end of last week that total penalties have climbed by 30 percent from 2015 to 2017, to $26.5 Banking, Eyed by the Fed. To move beyond European borders and gain a sense — on a more global scale — of who gets fined where … the United States tops the list.

Federal Reserve

PYMNTS

OCTOBER 23, 2018

Now, after eight Fed increases, some customers are moving their money to higher yield investments. In fact, the WSJ found — over the past six months ending in March — that the number of banks that sent more than 5 million of the mail offers, rewarding new account holders with cash, has jumped 15 percent since the middle of 2015.

Fed

PYMNTS

FEBRUARY 27, 2020

According to the New York Fed, the serious credit card delinquency rate — with serious delinquency defined as being 90 days late or more on a payment — has increased to 5.32 Between 1999 and 2019, according to the New York Fed, debt among older Americans increased by 543 percent, the biggest increase in any demographic segment.

Federal Reserve

PYMNTS

SEPTEMBER 23, 2019

This is a market that Boston-based ButcherBox is catering to by delivering grass-fed, grass-finished meat and other humanely raised, sustainably sourced meat and seafood directly to customers’ doors on a monthly basis. “We

Fed