PYMNTS

FEBRUARY 1, 2019

The Federal Reserve Bank of New York announced that it will formally assist Bangladesh Bank in a lawsuit to recover funds stolen by hackers.

Federal Reserve 44

Federal Reserve Fed Money Laundering Central Bank 44

Faster Payments Council

AUGUST 23, 2024

In response, the Federal Reserve formed a scams definition and classification work group of payments and fraud experts to provide a more consistent foundation for scams reporting to help the payments industry better understand and mitigate the problem. 14 seconds. Speakers: Laura Sullivan, Form3; Kenneth T.P.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

PYMNTS

MAY 21, 2020

New York’s Metropolitan Transit Authority (MTA) is seeking permission to borrow from the Federal Reserve ’s $500 billion Municipal Liquidity Facility (MLF) due to coronavirus-related troubles, Bloomberg reported.

Authorization 57

Authorization Federal Reserve Fed CHIPS 57

Finovate

FEBRUARY 4, 2025

The Federal Reserve maintains a list of participating financial institutions on its website. Additionally, faster payments leads to faster fraud, including authorized push payment (APP) fraud, where fraudsters trick users into sending money to them.

FedNow 59

FedNow Federal Reserve Push-to-Card Enrollments 59

PYMNTS

JULY 24, 2019

To reinforce the Federal Reserve’s authority to create a real-time payments system and mandate that the Fed brings about its own process, two U.S. The Federal Reserve Bank has a responsibility to respond to the needs of the American public, such as establishing an inclusive and faster payments system.

Faster Payments 79

Faster Payments Federal Reserve Real Time Payments Fed 79

Finextra

JUNE 9, 2025

With the Federal Reserve proposing to make its service available 22 hours a day, seven days a week, Nacha is also considering adding a fourth processing cycle for same-day ACH. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

ISO 20022 52

ISO 20022 ISOs FedNow TCH 52

Clearly Payments

APRIL 25, 2024

Interchange fees are a largest portion of the transaction amount paid by the acquiring bank to the issuing bank for authorizing and settling the transaction. The Durbin Amendment aimed to address this concern by empowering the Federal Reserve to regulate interchange fees for debit card transactions. ISO or aggregator).

Debit Card 101

Debit Card Federal Reserve Caps Credit Union 101

PYMNTS

AUGUST 13, 2020

A post from Liberty Street Economics , a research blog of the Federal Reserve Bank of New York , posited that the usual distinction between “token-based” and “account-based” cryptocurrencies are overly simplistic because several popular digital coins, including Bitcoin, could be both.

Authentication 85

Authentication Fed Federal Reserve FedWire 85

PYMNTS

JANUARY 31, 2019

The mechanics of the relationship are that financial institutions (FIs) using the blockchain offering known as Corda will authorize and, ultimately, settle payments through a gateway known as the gpi Link. Federal Reserve said that Fed should develop its own real-time payments network.

SWIFT 77

SWIFT Blockchain Federal Reserve Cross-Border Payments 77

Fintech Finance

SEPTEMBER 9, 2024

In a pilot of over 20 enterprise merchants — including eBay, 24 Hour Fitness, Microsoft, among others — Adyen achieved an average of 26% cost savings with a 0.22% uplift in authorization rates against earlier debit performance. Federal Reserve , nearly one-third of all payments, both in-person and online, were made via debit cards.

Debit Transaction 102

Debit Transaction Transactions Debit Card Payments 102

Finovate

MAY 13, 2024

CB Insights announced the availability of its State of Insurtech report for the first quarter of 2024, and the Federal Reserve Board issued a summary of climate risk resiliences exercises conducted recently by a handful of big banks. I mentioned the Federal Reserve report on climate resiliency earlier.

AI 119

AI Federal Reserve Underwriting Risk 119

PYMNTS

AUGUST 14, 2020

Liberty Street Economics, a research blog of the Federal Reserve Bank of New York , said in a post that the usual distinction between “token-based” and “account-based” cryptocurrencies is overly simplistic because several popular digital coins, including bitcoin, could be both.

Bitcoin 107

Bitcoin Cryptocurrency Federal Reserve Digital Currency 107

PYMNTS

DECEMBER 24, 2020

The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. The authors added that “rogue states like Russia, Iran and North Korea may turn to cryptocurrency to fund cyberattacks, blunt the impact of U.S.

Federal Reserve 103

Federal Reserve Bitcoin Office of the Comptroller of the Currency Cryptocurrency 103

PYMNTS

JUNE 26, 2019

s Financial Conduct Authority (FCA) have joined the Bank of England (BoE) and the G7 in speaking out about the need to thoroughly vet Facebook’s plans to release Libra next year. They are not going to walk through authorization without that,” Bailey said on Tuesday. The international Financial Stability Board (FSB) and the U.K.’s

Regulations 56

Regulations Federal Reserve Consumer Protection Authorization 56

Stax

MARCH 18, 2025

According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 It authorizes or declines payments based on available funds and fraud checks. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

The Fintech Times

FEBRUARY 26, 2024

“The Federal Reserve , Bank of Canada , and Bank of England are studying CBDCs, and there are challenges in each country. While the UK authorities have announced a new round of CDBC study, the Treasury Committee of the UK’s Parliament has expressed concerns.

Cross-Border Payments 145

Cross-Border Payments Cross-Border Digital Currency Central Bank 145

Stax

NOVEMBER 21, 2024

A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. Authorization The credit card details captured by your POS or online payment gateway will be sent to your payment processor.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Finextra

JULY 1, 2025

Supervisory pressure : Banks that lag on execution are likely to face follow-up reviews, remedial actions, or targeted interventions from supervisory authorities. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Regulations 52

Regulations Liquidity Risk Treasury Liquidity Management 52

PYMNTS

NOVEMBER 25, 2020

24) from the BIS monetary and economic department titled “ Stablecoins: Risks, Potential and Regulation ,” the authors contended that stablecoins — including but not limited to Facebook’s Libra — pose a range of challenges to financial authorities around the world. In a paper that debuted Tuesday (Nov. The Value Of CBDC .

Stablecoins 92

Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. ” Theien added other sources of uncertainty in payments security, like transaction authorization, enrollment and account takeovers.

Fed 77

Fed Secure Payments Task Force Security Federal Reserve 77

Seon

APRIL 18, 2024

billion in 2022 , facing a formidable opponent in the financial sector: authorized push payment (APP) fraud. Spanning a variety of duplicitous practices that rely on tactics that manipulate trust and authority. The United States is poised to witness losses increase to $3 billion by 2027, up from $1.94

Authorization 52

Authorization Technology Fraud Prevention Real Time Payments 52

Finextra

JUNE 17, 2025

Softer-than-expected inflation data and hopes for Federal Reserve rate cuts, reported on June 12, 2025, further supported growth stocks like AMZN, as lower interest rates reduce borrowing costs for capital-intensive investments. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

AI 80

AI Payment APIs and Integration Online and Mobile Banking Authorization 80

PYMNTS

SEPTEMBER 30, 2020

The agency first proposed a special banking charter for FinTechs in 2014 that would limit pushback from the Federal Deposit Insurance Corp. But last fall, a federal appeals court questioned the OCC’s authority to issue such a charter. However, the banking industry doesn’t like that one bit. “We FDIC), the states and the courts.

Office of the Comptroller of the Currency 139

Office of the Comptroller of the Currency OCC Non-Bank Regulations 139

PYMNTS

JANUARY 23, 2019

Deutsche Bank’ s handling of billions of dollars in suspicious transactions from Danske Bank’ s Estonian branch is raising the ire of the Federal Reserve, which is looking into it. According to Bloomberg, the Federal Reserve’s inquiry is at an early stage and is looking at whether or not the U.S. In the U.S.

Fed 55

Fed Money Laundering Federal Reserve Law Enforcement 55

PYMNTS

JUNE 26, 2019

Federal Reserve plans to hold Facebook ’s cryptocurrency, Libra , to high standards when it comes to consumer protection and regulation. Libra’s a new thing; we are looking at it very carefully,” said Federal Reserve Chairman Jerome Powell on Tuesday (June 25), according to Reuters.

Fed 51

Fed Federal Reserve Consumer Protection Digital Currency 51

Stax

APRIL 10, 2025

An ACH transfer is an electronic movement of funds from one bank account to another via the ACH (automated clearing house) network, while a wire transfer uses a secure network like SWIFT (Society for Worldwide Interbank Financial Telecommunication) or Fedwire (Federal Reserve Wire Network) to initiate the movement of funds.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

PYMNTS

SEPTEMBER 22, 2020

The CEO of a Virginia-based software firm claimed that the Federal Reserve ’s easing of its inflation approach was a factor in his decision to convert the rest of the firm’s money to bitcoin, Bloomberg reported. “We

Bitcoin 68

Bitcoin Federal Reserve Treasury Returns 68

Clearly Payments

MAY 22, 2025

Authorization An authorization is a request to the cardholders bank to approve a charge. PAD (Pre-Authorized Debit) Recurring debit payments in Canada. real-time payments system developed by the Federal Reserve for instant transfers between banks. Customer The person making a payment. FedNow A new U.S.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Processors ACH 52

Faster Payments Council

MARCH 15, 2023

Speakers: Craig Ramsey, ACI Worldwide; Stephanie Miracle, Federal Reserve Bank of Boston; Charles Harkness, Corporate One FCU; Andrew Gómez, Lipis Advisors 6:00pm-9:00pmCT: Evening Reception at No Other Pub, sponsored by Juniper Payments - A PSCU Company and Ripple Join us for a fun-filled networking event with fellow FPC Members.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

Finextra

JUNE 30, 2025

regulators (like the OCC and Federal Reserve) increased scrutiny on banks’ use of AI, urging robust governance. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author. In 2024, U.S.

AI 69

AI Finance Fraud Detection Use Case 69

Segpay

SEPTEMBER 24, 2024

After logging in, the customer authorizes the payment. Once the customer authorizes the payment, the funds are transferred directly from the customer’s bank account to the merchant’s bank account. Fraud risk is reduced since customers authorize payments directly through their bank’s secure online banking portal.

Accounts 105

Accounts Online and Mobile Banking Payments Authentication 105

PYMNTS

JUNE 20, 2019

The Wall Street Journal is reporting that the Federal Reserve and the Senate Banking Committee will both closely scrutinize the implementation of Libra. has said it has authority over digital currency it sees as securities, while separate agencies are tasked with the enforcement of anti-money-laundering laws.

Regulations 67

Regulations Money Laundering Federal Reserve Digital Currency 67

Stax

NOVEMBER 13, 2024

The ACH network is governed by the National Automated Clearing House Association (Nacha ), an American organization that administers risk management and rule enforcement for all ACH transfers and works with the Federal Reserve. What are ACH Debit Payments? This type of transaction is perfect for regular, predictable payments.

ACH 88

ACH ACH Network Payer Payee 88

PYMNTS

JULY 11, 2019

Federal Reserve called for a stop to Libra , Facebook’s proposed cryptocurrency, until the project better demonstrated how it was going to address issues like money laundering and privacy, according to a report by Reuters. The chairman of the U.S. Jerome Powell testified before the U.S. percent, to $11,164.

Bitcoin 69

Bitcoin Money Laundering Fed Federal Reserve 69

PYMNTS

SEPTEMBER 12, 2016

“Electronic platforms facilitating fundraising on digital platforms are neither authorized nor recognized under any law governing the securities market,” the note stated. In its notice, SEBI has reportedly told Grex Alternative Investments Market to stop “onboarding” new investors.

Regs 74

Regs Federal Reserve Legal Regulations 74

PYMNTS

AUGUST 20, 2020

In terms of numbers: the program debuted in March but became fully operational only as late as July, and to date, into August, has extended only $200 million — out of $600 billion authorized. As noted by several lawmakers in a letter to Federal Reserve Chairman Jerome H.

Federal Reserve 87

Federal Reserve Small Business Fed SWIFT 87

Cardfellow

JUNE 16, 2025

FedNow is a real-time payment system created by the US Federal Reserve that went live in the summer of 2023. This is the Authorization step. What is FedNow? Its purpose is to enable instant money transfers between banks and other financial institutions, but there are person-to-person (P2P) elements as well.

FedNow 52

FedNow Credit Cards Process P2P 52