Finextra

MARCH 8, 2024

Chairman of the US Federal Reserve Jerome Powell spoke before the Senate on Thursday, stating that the US was “nowhere near” CBDC development.

Federal Reserve 88

Federal Reserve CBDC 88

Payments Dive

MARCH 23, 2023

Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.

Real Time Payments 218

Real Time Payments FedNow Federal Reserve Payments 218

Payments Dive

JUNE 30, 2023

The soon-to-launch real-time payments system from the Federal Reserve may reduce interchange fee revenue for some payments players and increase IT costs for others.

FedNow 42

FedNow Federal Reserve Real Time Payments Payments 42

Payments Dive

APRIL 14, 2025

Some House Financial Services Committee members are pressuring the Federal Reserve to reverse a proposal to lower the debit card fees that banks can charge.

Debit Card 191

Debit Card Federal Reserve Fed 191

Payments Dive

JULY 8, 2024

A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

Federal Reserve 193

Federal Reserve Payments 193

Payments Dive

FEBRUARY 27, 2025

Starting this summer, the Federal Reserve’s real-time payments system will let banks send payments up to $1 million, twice the amount of the existing limit.

FedNow 188

FedNow Federal Reserve Real Time Payments Payments 188

Payments Dive

NOVEMBER 5, 2024

“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.

Instant Payments 190

Instant Payments Federal Reserve Fed Payments 190

Payments Dive

JULY 14, 2022

The Federal Reserve plans to unleash a U.S. real-time payments system next year in the form of FedNow, but it’s an open question as to whether, or how, consumers and businesses will adopt instant payments.

Real Time Payments 207

Real Time Payments FedNow Federal Reserve Instant Payments 207

Payments Dive

AUGUST 26, 2024

Gen Z and millennials were the age groups most likely to use loans and credit cards to respond to higher prices, a Federal Reserve research report said.

Credit Cards 179

Credit Cards Federal Reserve Fed Consumer 179

Payments Dive

APRIL 24, 2023

Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.

ACH 194

ACH Federal Reserve Fed Payments 194

Payments Dive

AUGUST 8, 2024

Consumer credit card debt delinquencies are also on the rise, particularly among younger consumers, according to a New York Federal Reserve report.

Credit Cards 173

Credit Cards Federal Reserve Consumer 173

Payments Dive

APRIL 22, 2024

The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow.

FedNow 190

FedNow Federal Reserve Fed Instant Payments 190

Payments Dive

JUNE 11, 2024

Consumers remained committed to cash use last year, even as the share of card payments rose and online payments increased, according to an annual Federal Reserve study.

Federal Reserve 174

Federal Reserve Consumer Payments 174

Payments Dive

OCTOBER 1, 2024

The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.

Federal Reserve 173

Federal Reserve Fed Consumer 173

Payments Source

OCTOBER 19, 2020

Federal Reserve Chairman Jerome Powell said it would not replace the physical dollar. Other central banks have considered phasing out cash as they explore digital currencies. Should the idea take hold in the U.S.,

Digital Currency 167

Digital Currency Federal Reserve Fed Central Bank 167

Payments Dive

FEBRUARY 23, 2023

As the Federal Reserve prepares for a mid-year launch of its instant payments system, FedNow, it’s zeroing in on anti-fraud tools to protect users.

FedNow 187

FedNow Zelle Federal Reserve Instant Payments 187

Payments Dive

SEPTEMBER 30, 2024

households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says. While most U.S.

Federal Reserve 167

Federal Reserve Fed Digital Payments Consumer 167

Payments Dive

JUNE 28, 2023

The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.

FedNow 183

FedNow Federal Reserve Instant Payments Payments 183

Payments Dive

OCTOBER 31, 2023

The CEOs of Mastercard and Global Payments chimed in with opposing views of the Federal Reserve Board’s proposal to lower the cap on debit interchange.

Caps 183

Caps Federal Reserve Visa Payments 183

Payments Dive

OCTOBER 4, 2022

In a 6-1 vote, the Federal Reserve finalized a debit card processing rule that underscores a requirement that multiple card networks be available for routing transactions, including online.

Rules 183

Rules Federal Reserve Fed Debit Card 183

Payments Dive

SEPTEMBER 18, 2024

The Federal Reserve’s proposal to extend the operating hours of two interbank payments systems has been welcomed by large banks, but panned by many small financial institutions.

Federal Reserve 167

Federal Reserve Fed Payments 167

Payments Dive

MARCH 29, 2022

While talk of a digital dollar has mainly focused on creation of a central bank digital currency through the Federal Reserve, a group of House Democrats on Monday proposed legislation that pivots in a different direction, creating an electronic dollar through a new program administered by the Treasury Department.

Federal Reserve 190

Federal Reserve Digital Currency Central Bank Treasury 190

Fintech News

DECEMBER 16, 2024

To bolster confidence and transparency, Ripple will publish monthly, third-party attestations of RLUSD’s reserves. Brad Garlinghouse Early on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS limited purpose trust company charter, widely regarded as the premier regulatory standard worldwide.

Stablecoins 103

Stablecoins Cross-Border Payments Federal Reserve Cross-Border 103

Payments Dive

APRIL 1, 2022

Ted Cruz's legislation, which follows a companion House bill introduced earlier this year, would prevent the Federal Reserve from issuing a central bank digital currency directly to consumers.

Federal Reserve 179

Federal Reserve CBDC Fed Digital Currency 179

Payments Dive

NOVEMBER 27, 2024

Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

Credit Cards 158

Credit Cards Federal Reserve Fed Consumer 158

NACHA

MAY 3, 2024

Nacha Statement on the Federal Reserve's Requesting Comments to Expand the Operating Days of the National Settlement Service to Include Weekends and Holidays droth@nacha.org Fri, 05/03/2024 - 12:52 Image Media ACH Network Logo with background

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Federal Reserve NACHA Settlement ACH Network 84

Payments Dive

AUGUST 5, 2024

The Federal Reserve instant payments system may cut fees after it attracts more financial institutions, or in the face of competition, a Wolfe Research analyst said, citing a FedNow official.

FedNow 158

FedNow Federal Reserve Instant Payments Research 158

Payments Dive

JANUARY 3, 2025

Major trade groups for merchants and banks engaged in another round of fighting last week over whether the Federal Reserve should finalize a lower debit card interchange fee rate.

Debit Card 158

Debit Card Federal Reserve 158

Payments Dive

NOVEMBER 14, 2023

The new hire is tasked with boosting adoption of The Clearing House’s RTP real-time payments system, as the new rival Federal Reserve FedNow system seeks to attract clients.

Federal Reserve 173

Federal Reserve Fed FedNow RTP 173

Payments Dive

MAY 16, 2022

consumers to change up their payment habits, but three long-term cash trends have mainly persisted, according to a Federal Reserve Bank report issued this month. The COVID-19 pandemic led U.S.

Federal Reserve 174

Federal Reserve Fed Consumer Payments 174

Payments Dive

APRIL 15, 2025

credit card accounts past due for 90 days was the highest in 12 years during the fourth quarter, a Philadelphia Federal Reserve report said. The percentage of U.S.

Credit Cards 156

Credit Cards Federal Reserve Accounts 156

Payments Source

SEPTEMBER 22, 2020

As the Federal Reserve's FedNow instant payments and settlement system enters into testing and use-case development phases, an emphasis on speed to market, ubiquity and compatibility with other systems remains in the forefront.

FedNow 151

FedNow Federal Reserve Instant Payments Settlement 151

BioCatch

JUNE 18, 2024

To combat this, the Federal Reserve has introduced a groundbreaking new tool: the ScamClassifier model. Digital-first strategies and transactions are now so ubiquitous, and the growth of technology has been so rapid with AI, that the methods and tools employed by fraudsters to scam victims have become massively sophisticated.

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Federal Reserve Scams Ubiquitous Authorization 64

Payments Dive

MAY 9, 2024

While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

Volume 167

Volume FedNow Federal Reserve Service Provider 167

Payments Dive

NOVEMBER 8, 2023

in Q3 2019, according to a report from the Federal Reserve Bank of New York. Nearly 3% of millennials are newly delinquent as of the third quarter this year, slightly up from 2.5%

Credit Cards 167

Credit Cards Federal Reserve Fed 167

Payments Dive

AUGUST 30, 2022

FedNow, an effort by the Federal Reserve Banks to speed up and modernize the U.S. payments system, is expected to launch as early as next May.

FedNow 158

FedNow Federal Reserve Payments 158

Payments Dive

SEPTEMBER 28, 2022

Jessica Cheney, a vice president at Bottomline Technologies, aims to dispel myths about the meaning and impact of the coming Federal Reserve instant payment system.

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FedNow Federal Reserve Instant Payments Technology 158