Payments Dive

APRIL 4, 2025

Card and check fraud continue to plague financial institutions, a new survey from the Federal Reserve Financial Services shows.

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Fintech Finance

MARCH 15, 2024

Federal Reserve Financial Services (FRFS) has introduced the new FedNow User Group to continue promoting collaboration among the 607 participating financial institutions and their service providers on the FedNow Service network.

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PYMNTS

JUNE 23, 2020

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. Federal Reserve has introduced a new effort to combat payments fraud. Federal Reserve Tackles Fraud Across Rails. In the U.S., And when it comes to legacy rails, the U.S.

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PYMNTS

JANUARY 24, 2020

Wells Fargo ’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are continuing and don’t show any signs of abating any time soon, according to a report by Reuters. Wells Fargo also has to repay customers for what it cost them by abusing some of them.

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PYMNTS

APRIL 10, 2020

Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. economy, as the fallout from the coronavirus continues. But so might a “false start.”. Thursday morning, the U.S. It’s all meant to shore up the U.S.

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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). Montgomery, Federal Reserve Bank of Boston first vice president, in a statement.

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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.

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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.

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The Payments Association

APRIL 7, 2025

This suggests a continued investment in areas such as technological capabilities and digitalisation. Continue reading State of the Industry 2024 survey reveals key trends, challenges, and opportunities in the payments industry. Join The Payments Association to read the full article.

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The Payments Association

APRIL 7, 2025

Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. APP and identity fraud challenges persist, and bad actors are continually deploying more sophisticated methods to dupe and exploit firms.

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PYMNTS

AUGUST 10, 2020

But it might not be the Federal Reserve ’s doing. Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. In addition, he continued, FIS has brought its first bank onto the platform, and shortly 400 banks will have access to RTP.

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PYMNTS

NOVEMBER 21, 2019

ACI Worldwide said it will now support the Federal Reserve’s upcoming FedNow service. “We look forward to leveraging ACI’s vast experience in global payments as we continue to create a dialogue and facilitate action to drive the adoption of faster payments in the U.S.” In the U.S.,

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Fintech Finance

FEBRUARY 27, 2025

We’re proud to partner with Visa, continue innovating on our Deliver API, and expand our innovative offerings.” Enhances Orum’s ‘Direct to Fed’ money movement solution that is built on a direct connection to the Federal Reserve’s payment rails as a service provider.

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Bank Automation

JULY 24, 2024

During the second quarter, Capital One continued to plan for its acquisition of Discover Financial Services as it awaits approval from the Federal Reserve. “Our applications for regulatory approval are in process and we’re fully mobilized to plan and deliver a successful integration,” Capital One Chief Executive Richard Fairbank said during the bank’s (..)

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Fintech Review

NOVEMBER 7, 2024

Numisma is the first bank to receive a State of Connecticut Innovation Banking Charter, a Federal Reserve Master Account and FedCash Services. We are dedicated to ensuring Numisma’s success, applying our extensive market knowledge and providing continuous support as they navigate the challenges of a young company.

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PYMNTS

NOVEMBER 18, 2020

Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according to a report in the Wall Street Journal (WSJ) citing the Federal Reserve Bank of New York. Mortgage debt hit $9.86 trillion, up $85 billion, with new housing and refinancing loans totaling $1.05

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Finovate

FEBRUARY 4, 2025

“As money moves between banks, consumers, businesses, and beyond in a complex cycle, credit and debit cards continue to play a leading role in the payment experience,” said FIS Head of Cards and Money MovementChris Como. The Federal Reserve maintains a list of participating financial institutions on its website.

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Payments Source

OCTOBER 16, 2019

With policymakers casting doubt on Facebook's cryptocurrency and some of the social media giant's partners pulling out, a Federal Reserve governor continued the drumbeat of criticism.

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Federal Reserve Regs Cryptocurrency Continuity 68

PYMNTS

JANUARY 24, 2020

Wells Fargo ’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are continuing and don’t show any signs of abating any time soon, according to a report by Reuters. Wells Fargo also has to repay customers for what it cost them by abusing some of them.

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PYMNTS

AUGUST 6, 2019

Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another. It’s now official.

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Fintech Review

APRIL 14, 2025

Federal Reserve has indicated the potential for additional interest rate increases to address persistent inflationary pressures. Meanwhile, the Reserve Bank of Australia has adopted a more measured stance, citing weakening domestic consumption and a cooling housing market as key factors influencing its policy direction.

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PYMNTS

JUNE 16, 2020

gross domestic product, according to Federal Reserve data. But the borrowing surge is continuing thanks to the pandemic, with more than $1 trillion in new debt issued so far this year. In an age where U.S. Non-financial corporate debt was already high even before COVID-19, equating to nearly half of U.S. economic recovery.

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Payments Source

NOVEMBER 6, 2018

As the Federal Reserve guides the U.S. on its steady march toward a faster payments system, a thorny issue continues to plague some of the most prominent efforts: Could the smaller banks stay abreast of the technologies that larger banks are readily supporting and deploying?

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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.

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Fintech Finance

AUGUST 22, 2024

Adyen was among the first financial technology platforms certified by the Federal Reserve to utilize its instant payment infrastructure (FedNow ) last summer and is leveraging that certification to meet the needs of leading Fintech solution providers like InvoiceASAP with faster and more efficient ways to move money.

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PYMNTS

JANUARY 7, 2021

Officials at the Federal Reserve, the Federal Deposit Insurance Corp. FDIC) and the Treasury Department are looking to see if American Express Co. AmEx) harnessed strong and deceptive sales practices for card sales to business owners and if clients experienced negative effects, The Wall Street Journal reported Thursday (Jan.

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The Fintech Times

JUNE 5, 2025

Crown Agents Bank Limited (CAB), a subsidiary of CAB Payments , will now be able to operate a representative office in New York following approvals from The Board of Governors of the Federal Reserve System and The New York State Department of Financial Services.

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Cross-Border Payments Cross-Border Federal Reserve Continuity 40

PYMNTS

JULY 15, 2020

Philadelphia Federal Reserve President Patrick Harker says the mass spikes in coronavirus cases across the U.S. Harker’s words come after Federal Reserve Governor Lael Brainard ‘s recent speech , which predicted that the rise in cases foreshadowed a difficult recovery.

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Fintech Finance

FEBRUARY 28, 2025

This collaboration demonstrates the power and potential of fintechs coming together to deliver better value and experiences to our customers, and were excited to continue building on this relationship for years to come. As traditional banks continue closing brick and mortar locations across the U.S.,

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Federal Reserve On-Demand Payments Tools Consumer 52

Fintech Finance

JUNE 3, 2025

CAB Payments is pleased to announce that its subsidiary, Crown Agents Bank Limited (“CAB”) has received approvals from The Board of Governors of the Federal Reserve System and The New York State Department of Financial Services to operate a representative office in New York.

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PYMNTS

SEPTEMBER 21, 2020

Patrick Vallance, British chief scientific advisor, said there could be 50,000 new infections every day by mid-October if the virus continues spreading at its current rate, FT reported, with new infections doubling every seven days. The stocks have been under pressure since the Federal Reserve's recent meeting on monetary policy.

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PYMNTS

JANUARY 20, 2021

In addition, this option could be useful as analysts predict big banks will spend around $10 billion this quarter on share repurchases after the Federal Reserve gave them the green light to do so. A third option, FT reported, is buying stock, which could please investors. FT reported that those companies often need the loans.

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PYMNTS

NOVEMBER 17, 2020

Francesco Simoneschi, co-founder and CEO of TrueLayer, said the “collaboration with Revolut is continuing apace — and this is just the beginning of what will be a fruitful partnership bringing further innovation to the German market.”. Revolut said the open banking service is free of charge for all Revolut users. banking license.

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PYMNTS

FEBRUARY 4, 2019

percent, according to Federal Reserve data. Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. The Federal Approach. Against this backdrop, the Federal Reserve proposed creating its own real-time payments service in October 2018.

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PYMNTS

NOVEMBER 23, 2020

A letter from over 125 economists, including former Federal Reserve Vice Chair Alan Blinder and Jason Furman , chairman of the Council of Economic Advisers during President Barack Obama's administration, calls on U.S. lawmakers to act on new funding, saying the need for more stimulus funds is urgent.

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PYMNTS

JUNE 29, 2020

With the coronavirus still surging in the United States, Federal Reserve Chairman Jerome Powell is unsure about how the economy will fully recover, CNBC reports. Speaking earlier in June , Powell cautioned not to underestimate the continuing economic hurt on Americans even as businesses began to reopen.

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Clearly Payments

MARCH 18, 2024

Let’s delve into the key factors contributing to this decline: Shrinking Market Share: According to studies conducted by the Federal Reserve, cash usage has been on a steady decline. Data from the Federal Reserve reveals a stark reality—only 60% of businesses in the United States currently accept cash.

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