Federal Reserve targets fraud
Payments Dive
JUNE 17, 2025
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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Payments Dive
JUNE 17, 2025
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.
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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Tom Groenfeldt
NOVEMBER 6, 2019
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.
Payments Dive
JUNE 26, 2025
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.
Payments Dive
MAY 22, 2025
Consumers keep using cash, but credit cards are king, the Federal Reserve Bank of Atlanta documented in its annual payment method survey.
Finextra
MAY 10, 2024
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.
Fintech Finance
FEBRUARY 5, 2025
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.
Cardfellow
JUNE 16, 2025
The minimum purchase amount must be $10 or less As I outline a little farther down, the Federal Reserve has the power to adjust the minimum purchase amount. So, although the Federal Reserve currently caps the fee at $10, it can change. The Federal Reserve set the current limit at $10 or less.
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.
Bank Automation
APRIL 3, 2025
The DOJ memo to the Federal Reserve and Office of the Comptroller of the […] The post Capital One-Discover deal waved ahead by antitrust officials appeared first on Bank Automation News. The proposed $35 billion merger between Capital One Financial Corp.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.,
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%
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