Finextra

JUNE 30, 2025

Banks handle sensitive customer data that cannot be simply fed into public AI models without safeguards. Furthermore, 69% of UK institutions expect even more benefits as they continue to innovate with AI. Data privacy is also a concern. In 2024, U.S. Source: Financial Institutions Sentiment Survey 2025 Lloyds Bank 5.

AI

The Payments Association

APRIL 22, 2025

Industry players (banks and smaller payments players) must continue collaborating on typologies and prioritising detection and awareness campaigns" Jessica Cath Partner, Financial Crime, Thistle Initiatives "As banking security improves, criminals shift tactics, targeting the weakest linkpeople.

Scams

Finextra

JUNE 23, 2025

These dollars may be digital, but they’re private-sector dollars, not Fed-issued coins. Instead of relying on batch processing through central clearing houses (which shut down on weekends and holidays), we get continuous, nearly instant clearing of funds on distributed ledgers.

Embedded Finance

Payments Dive

JULY 11, 2025

Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. That’s when banks are required to begin using the ISO 20022 standard for electronic payments they choose to send over that Fed real-time settlement rail.

ISOs

The Payments Association

APRIL 8, 2025

Merchants need to continue adapting to new payment methods, collaborate with industry peers, and stay agile in balancing innovation and regulatory compliance. As the payments ecosystem continues to evolve with innovations like open banking, instant payments, and tokenisation, merchants are facing a host of challenges and opportunities.

Fraud Prevention

Payments Dive

AUGUST 6, 2025

Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime.

Privacy

The Payments Association

APRIL 8, 2025

As fraud continues to grow in sophistication, merchants are increasingly at the forefront of the battle against financial crime. The evolving nature of fraud: Trends and challenges The discussion began with a stark overview of fraud trends, highlighting how criminals are continually adapting their methods to exploit new vulnerabilities.

Fraud Detection

Payments Dive

JULY 15, 2025

Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. While a spokesperson for the Fed declined to comment, banks and consultants reported a relatively smooth transition. “It You can unsubscribe at anytime.

FedWire

Payments Dive

JULY 21, 2025

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Real Time Payments

Finextra

JULY 1, 2025

The 2008 lesson still echoes Almost two decades on, the financial crisis of 2008 continues to cast a long shadow. The collapse of major institutions like Lehman Brothers exposed how dangerously opaque and unmonitored intraday liquidity had become.

Regulations

Finextra

AUGUST 1, 2025

If an AI tool is unable to continuously ingest that flow of new information and data, which then informs its output, the tool provides limited value. It pulls relevant excerpts from numerous Fed speeches and minutes to give a consolidated answer. In financial services organisations, information flow and turnover is constant.

FinTech

Nanonets

JULY 22, 2025

In theory, AI agents and RPA bots could handle countless tasks; in practice, they fail when fed messy or unstructured inputs. Crucially, these models continually learn and improve through processing more examples, significantly reducing the need for ongoing human intervention. This pervasive unstructured data is the real bottleneck.

Automation

Finextra

JULY 21, 2025

If ETH continues its steady climb and catches a bit of momentum, that God candle, the kind that erases doubts in seconds, could light up the charts. But it’s not a stretch - not anymore. The technicals are aligned. Institutions are buying. Derivatives data looks healthy. And the broader market is primed for a shift. Maybe not today.

Treasury

Payments Dive

JULY 22, 2025

Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. As pennies phase out, businesses are likely to round cash transactions to the nearest 5 cents, resulting in a ‘rounding tax,’" the Fed bank’s report said. The share of U.S.

Federal Reserve

PYMNTS

APRIL 10, 2020

economy, as the fallout from the coronavirus continues. As reported, the Fed is expanding its “Main Street” lending efforts for smaller firms that have staff up to 10,000 individuals; the expanded Main Street focus will provide an added $600 billion in loans and offers $75 billion slated to come from the Treasury Department.

Fed

PYMNTS

MAY 6, 2020

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6). The Fed acknowledged the challenges brought on by the coronavirus but noted the FedNow Service is still scheduled to be unveiled in 2023 or 2024.

FedNow

PYMNTS

AUGUST 6, 2019

The Fed plans to build its own instant clearing and settlement rails. We only get to make this kind of decision once every 30 or 40 years,” Brainard said, noting that this was the biggest payments oriented move made by The Fed since the early 1970s and the implementation of the ACH system. “At It’s now official. Brainard asked.

FedNow

PYMNTS

JANUARY 7, 2021

Representatives of the Fed, FDIC and Treasury inspectors general offices would not comment on the matter, the paper reported. The probe by the OCC has to do with cards provided to business owners to supplant their co-branded AmEx-Costco cards, according to unnamed sources in the paper’s report.

Fed

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. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

Fed

PYMNTS

AUGUST 7, 2020

6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov. The Fed is defining instant payments as a subset of payments in which an end user receives funds in near real time, with immediate interbank settlement of the payment also having occurred. If all goes as planned, that is. In a Thursday (Aug.

Fed

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. This delay was initiated by the Fed.

Faster Payments

Payments Dive

APRIL 17, 2024

central bank digital currency, research staff at the central bank continue to study the possibility. Despite political opposition to a potential U.S.

Research

PYMNTS

NOVEMBER 5, 2020

The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world,” said the Fed statement. Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year. The Federal Reserve ’s Thursday (Nov. economy amid the pandemic.

Fed

PYMNTS

APRIL 24, 2020

The Federal Reserve Board has eliminated its six-per-month limit on transfers and withdrawals from savings accounts as the nation continues to adapt to changes caused by COVID-19. Such a rule is no longer necessary, the Fed said. Last month, the regulatory agency dropped the primary credit rate by 150 basis points to 0.25

Fed

PYMNTS

APRIL 7, 2020

The Federal Reserve is collaborating with the Treasury Department to develop a new facility to help small and medium-sized businesses (SMBs) stay afloat as the coronavirus pandemic continues, according to a report in the Wall Street Journal (WSJ). By taking loans off bank balance sheets, an increased number of smaller banks could participate.

Fed

PYMNTS

JUNE 23, 2020

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. ” “Supporting real-time payments through the RTP network is an important step for us,” he continued. In the U.S., And when it comes to legacy rails, the U.S. .”

Federal Reserve

PYMNTS

MARCH 15, 2020

“The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” the Fed said in a statement. The Fed cut rates by half a percentage point on March 3, the first emergency rate cut since the financial crisis. The new rate will now be targeted at 0.0 percent to 0.25

Fed

PYMNTS

MAY 27, 2020

companies are suffering from a continued overall economic decline. The Beige Book, in which the Fed surveys businesses about conditions across the country, found that declines continue to be entrenched despite a gradual reopening of at least some U.S. Where might there be some green shoots? As for reopening efforts, consider St.

Fed

PYMNTS

DECEMBER 19, 2019

The Fed noted at 10:31 a.m. However, the Fed said in a statement per the report that tech staff still are still looking into the problem’s fundamental cause. It continued, “This issue is affecting all financial institutions. According to the report, it is not known how many banks experienced or what caused the glitches.

Direct Deposit

PYMNTS

JANUARY 15, 2019

Yet now, said Reuters, the Fed has said there is not enough risk management in place to allow FinTechs full-fledged access to the payment system. Louis Fed President James Bullard told Reuters in November, the FinTechs “probably do want access to the payments system, but they don’t want the regulation that would come with that access.

Fed

PYMNTS

MAY 15, 2020

If the Atlanta Fed is correct, the drop in GDP, the sum of goods and services across the economy, would be the worst since World War II. Just one week ago, the Atlanta Fed’s tracker, GDPNow, estimated the drop for the period from April through June would be 35 percent. GDPNow is not an official forecast of the Atlanta Fed.

Fed

Payments Dive

JANUARY 4, 2023

The regulators didn't go so far as to create new rules around bank-crypto partnerships, but said they're "continuing to assess" if — and how — such tie-ups can proceed safely.

FDIC

The Finance Weekly

FEBRUARY 16, 2023

Economic experts from Goldman Sachs to the Fed themselves can’t seem to be able to pinpoint exactly where and what will happen with inflation, unemployment, and recession fears. One thing that is certain is that companies have been, and will continue to double down on preparing for the unknown.

Economy

PYMNTS

APRIL 29, 2020

Accounts receivable at many businesses continue[s] to grow as their customers hold onto cash,” Jason Brodmerkel, CPA, AICPA senior manager, Accounting Standards, said in the announcement. The Fed would, in turn, commit to lend to a Special Purpose Vehicle (SPV) on “a recourse basis.”

Fed

PYMNTS

JANUARY 23, 2019

The Fed is one of the regulators that makes sure banks have systems in place to meet that requirement. One of the sources told Bloomberg the Fed is looking at its trust bank and that Deutsche Bank has been cooperating with the Federal Reserve. A Fed spokesman told Bloomberg it doesn’t publicly discuss confidential probes.

Fed

PYMNTS

APRIL 6, 2020

A March survey of consumer expectations by the Federal Reserve Bank of New York released Monday (April 6) found mounting worries over job losses, debt and spending as the coronavirus continues to wreak havoc on the U.S. percent, which the Fed post said was a record reading since the survey debuted in 2013. economy. . percent and 42.9

Fed

PYMNTS

JANUARY 18, 2019

While the Fed has hinted that it has been adjusting its U.S. economic outlook due to turmoil in the markets as well as decelerating expansion in China, New York Fed President John Williams said on Friday (Jan. of a percentage point for each week that the current situation continues. percentage point reduction.

Shutdown