Payments Source

FEBRUARY 24, 2021

The automated clearinghouse system and FedWire Funds are back up and running, but other services, including Check 21, are still offline.

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FedWire Check 21 Fed Checks 92

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

DECEMBER 2, 2019

The Federal Reserve Board has approved a new fee schedule for payment services in 2020 that is overall 2.4 percent higher than 2019, the Fed announced in a press release on Wednesday (Nov. percent for Fedwire Funds and 2.9 percent for Fedwire Funds and 2.9 The Reserve Banks estimate that they will recover 100.8

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Federal Reserve FedWire FedLine FedACH 40

PYMNTS

SEPTEMBER 7, 2017

It’s been more than two years since the Federal Reserve issued its Strategies for Improving the U.S. Payment System paper, in which the Fed outlined initiatives for the payments industry and its stakeholders to promote progress. Now, the Federal Reserve wants to keep the momentum going. On Wednesday (Sept.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49

Fintech Finance

MAY 13, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced it has completed testing and certification through the Federal Reserve for ISO 20022, becoming one of the first vendors in the industry to complete the process for multiple solutions.

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ISO 20022 ISOs FedWire Fed 52

Payments Source

MARCH 15, 2019

Nacha's request to the Fed to extend submission times for its Same-Day ACH network was far from routine for two organizations that had worked together for decades.

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Same Day ACH NACHA ACH FedWire 65

PYMNTS

AUGUST 7, 2018

The Federal Reserve, however, is ramping up efforts to change that. Formerly known as the Remittance Coalition, the Federal Reserve Bank of Minneapolis’ Business Payments Coalition is relying on corporate collaboration to promote the adoption of electronic B2B payments. “The

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B2B Federal Reserve Payee Payer 40

Segpay

JUNE 13, 2024

Last year, the Federal Reserve launched FedNow, an instant payment service expected to revolutionize the US payment landscape. Since its launch in July last year, about 700 banks and credit unions have joined the FedNow network, and this list is expected to grow as the Fed seeks 8,000 financial institutions. What is FedNow?

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