The Nilson Report

JANUARY 24, 2024

The post Federal Reserve Board Will Extend Comment Period on Interchange Fee Proposal appeared first on Nilson Report.

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Federal Reserve Posting 52

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 85

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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Federal Reserve FedNow Participant Instant Payments 52

The Paypers

SEPTEMBER 27, 2023

Federal Reserve has released market practices to advance standardised implementation of the request for payment (RFP) feature of instant payments.

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Federal Reserve RFP Request for Payment Instant Payments 41

The Paypers

JANUARY 26, 2024

The Federal Reserve Financial Services has launched a new ACH risk management service to help financial institutions in their fraud detection efforts.

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Federal Reserve Risk Management ACH Risk 36

PYMNTS

AUGUST 5, 2019

The Federal Reserve has officially announced it will create a real-time payments service, to be called FedNow. The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. banks.

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Federal Reserve FedNow Instant Payments Real Time Payments 85

PYMNTS

SEPTEMBER 23, 2019

The phase 1 implementation of the ISO 20022 migration strategy that was scheduled for November 2020 is being postponed by the Federal Reserve Bank, the U.S. The Federal Reserve will announce an amended adoption strategy after the assessment is complete. . central bank said in a press release on Monday, Sept.

ISO 20022 76

ISO 20022 Federal Reserve ISOs FedWire 76

The Paypers

OCTOBER 13, 2021

Deloitte has launched a report on central bank digital currencies , in the context of the Federal Reserve preparing to launch a review of whether to implement its own digital currency soon.

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Federal Reserve CBDC Digital Currency Central Bank 73

The Paypers

SEPTEMBER 20, 2022

The Federal Reserve has announced the launching of a new service to help financial institutions to track trends for payments settled through its FedACH service.

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Federal Reserve FedACH Payments 36

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.

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Federal Reserve Fed Consumer 173

The Paypers

MARCH 30, 2021

The Federal Reserve of the US is actively working on a central bank digital currency and some prototypes are near completion.

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Federal Reserve CBDC Digital Currency Central Bank 72

PYMNTS

APRIL 9, 2020

In an effort to deliver more relief to the nation’s struggling small businesses and boost the economy amid the global coronavirus pandemic, the Federal Reserve announced it has taken actions to facilitate $2.3 trillion in loans. Powell in a statement on Thursday (April 9).

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Federal Reserve Facilitators Fed Small Business 60

PYMNTS

MARCH 26, 2020

The Federal Reserve announced Thursday (March 26) that it’s going to give financial institutions (FIs) an extra 30 days to file their financial statements, which are due at the end of March. On Wednesday, the Federal Reserve Board said it was going to alter its supervisory approach in light of the growing health crisis.

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Federal Reserve Fed 63

The Paypers

JULY 21, 2023

The Federal Reserve has announced that the FedNow Service, its new system for instant payments, has gone live in the US.

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Federal Reserve FedNow Instant Payments Payments 36

PYMNTS

JUNE 8, 2020

Answering the call to provide more help for small- and medium- sized businesses (SMBs), the Federal Reserve Board has made adjustments to its Main Street Lending Program. With these changes, borrowers will be provided with greater flexibility in repaying the loans, the Fed added.

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Federal Reserve Fed Adjustments Treasury 56

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.

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Federal Reserve Fed Digital Payments Consumer 165

Payments Dive

JULY 16, 2024

The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.

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Participant RTP FedNow Federal Reserve 217

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.

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Federal Reserve Fed Payments 165

The Paypers

JUNE 15, 2023

The Federal Reserve has issued its latest statement from the Federal Open Market Committee (FOMC) meeting, revealing key insights into the current state of the economy and the stance of monetary policy.

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Federal Reserve Economy 36

Faster Payments Council

DECEMBER 4, 2019

Faster Payments Council (FPC), a membership organization exclusively devoted to advancing faster payments in the United States, today announced that the Federal Reserve System has joined the FPC as a founding sponsor. payments system faster, more secure, and more efficient.

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Federal Reserve Faster Payments FPC Fed 68

The Paypers

FEBRUARY 10, 2023

The US Federal Reserve Bank has published a new paper in which it looks closely at Bitcoin and its lack of response to most macroeconomic news.

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Federal Reserve Bitcoin 36

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 180

Credit Cards Federal Reserve Fed Consumer 180

The Paypers

JULY 20, 2023

Deutsche Bank has received a USD 186 million fine from the US Federal Reserve for failing to address its money-laundering control issues.

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Federal Reserve Money Laundering Addressing 36

PYMNTS

DECEMBER 7, 2018

The Federal Reserve sent Wells Fargo & Co. Reuters , citing three people with knowledge of the discussions, reported that because the Federal Reserve rejected Wells Fargo’s plan it could take longer for the Fed to lift the asset cap on the company put in place due to a series of sales practices scandals. “We

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Federal Reserve Caps Fed Risk Management 58

PYMNTS

MARCH 15, 2020

The Federal Reserve announced Sunday (March 15) it would drop benchmark interest rates to zero and buy at least $700 billion in government bonds as part of an emergency action to protect the economy from the impact of the coronavirus outbreak. The new rate will now be targeted at 0.0 percent to 0.25

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Federal Reserve Fed Economy Central Bank 56

Payments Source

OCTOBER 25, 2016

The Federal Reserve is asking the payments industry for input on securing faster payments processing.

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Federal Reserve Faster Payments Payment Security Security 94

PYMNTS

APRIL 9, 2020

In an effort to deliver more relief to the nation’s struggling small businesses and boost the economy amid the global coronavirus pandemic, the Federal Reserve announced it has taken actions to facilitate $2.3 trillion in loans. Powell in a statement on Thursday (April 9).

Federal Reserve 56

Federal Reserve Facilitators Economy Fed 56

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.

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Federal Reserve Payments 193

Payments Source

MARCH 22, 2021

Banks, credit card companies and digital payments processors are nervously watching the push to create an electronic alternative to the paper bills Americans carry in their wallets, or what some call a digital dollar and others call a Fedcoin. ]].

Federal Reserve 99

Federal Reserve Push-to-Card Processors Credit Cards 99

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 174

Credit Cards Federal Reserve Consumer 174

The Paypers

APRIL 5, 2021

The Federal Reserve has launched a two-year pilot program, called FedNow, designed to improve the clearing and settlements process.

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Federal Reserve FedNow Settlement Process 48

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.

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FedNow Federal Reserve Instant Payments Research 159

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.

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Federal Reserve Consumer Payments 174

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.

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FedNow Federal Reserve Fed Instant Payments 190

Payments Source

AUGUST 24, 2017

Dave Sapenaro, first vice president and chief operating officer at the Federal Reserve Bank of St. Louis, will oversee the Fed's payments system improvement initiatives.

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Federal Reserve Payment Initiation Fed Payments 60

PYMNTS

AUGUST 25, 2017

Federal Reserve has named a new payments strategy director tasked with heading the agency’s payment system improvement initiatives. As first vice president and chief operating officer of the Federal Reserve Bank of St. Sapenaro will retain his position at the Federal Reserve Bank of St.

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Federal Reserve Payments Strategy Fed Faster Payments 43

Tom Groenfeldt

JANUARY 29, 2019

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 Real Time Payments Community Banks Payments 74