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Federal Reserve targets fraud

Payments Dive

Federal agencies took aim at payments fraud Monday, proposing more collaboration, including with states, to combat the rising problem, especially with respect to paper checks.

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Community Banks Want The Federal Reserve To Create Real-Time Payments System -- Fast

Tom Groenfeldt

Community banks don't trust The Clearing House and its big bank owners to treat them fairly -- they want the Federal Reserve to develop a real-time payment system of its own and extend it to financial institutions of all sizes.

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Federal Reserve Finds Strong Support For Its Real-Time Payments, Concerns Over Timing

Tom Groenfeldt

The Federal Reserve Board has asked for comments on the FedNow real-time payments platform by Nov. 7, although if it follows the practice from last year, it may well continue taking comments past the deadline.

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FedNow delivers new risk management tools

Payments Dive

Alongside those instant payment security features, the Federal Reserve increased the maximum payment that can be sent over the real-time system to $1 million.

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Cash use declines as cards rise: Atlanta Fed

Payments Dive

Consumers keep using cash, but credit cards are king, the Federal Reserve Bank of Atlanta documented in its annual payment method survey.

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US banks to struggle with climate risk data – Federal Reserve

Finextra

According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in predicting the impact of climate change on their loan books due data and modelling difficulties.

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FIS Unlocks Second Half of FedNow® Instant Payments Network Potential with New Send Certification

Fintech Finance

FIS (NYSE: FIS), a global leader in financial technology, has announced it is one of the first providers in the fintech industry certified to enable send capabilities for credit transfers in the Federal Reserves FedNow instant payment service.

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