PYMNTS

SEPTEMBER 27, 2019

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. Congress is encouraging the Federal Reserve to take advantage of the fact that the U.S.

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Real Time Payments Fed Federal Reserve FedNow 69

Faster Payments Council

SEPTEMBER 12, 2022

Speakers: Connie Theien, Federal Reserve Financial Services; Gail Hillebrand, National Consumers League; Syed Ejaz, Consumer Reports; Liana Muller, U.S. Join this session to learn more about exchange framework assessments and pilot programs backed by the Business Payments Coalition (BPC), Federal Reserve and industry.

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

PYMNTS

JULY 1, 2020

As a one-size-fits-all solution does not exist for the increasing problem of synthetic identity fraud, The Federal Reserve reports that experts suggest a “comprehensive approach” for the challenge.

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Fed Federal Reserve Mitigation EMV 76

Faster Payments Council

SEPTEMBER 23, 2023

 Join the Federal Reserve and a panel of early adopters to hear how they built their business cases for the FedNow Service and the lessons learned on their journey towards implementation. The panel will also examine leading practices to help FIs and corporates mitigate these risks.

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FPC Federal Reserve RFP Faster Payments 88

PYMNTS

AUGUST 9, 2020

Not everyone favors the Federal Reserve Board’s launch of its settlement service designed to eliminate the three-day check clearing and support instant payments in the U.S. For the most part, the comments said the introduction of the FedNow would lead to less innovation and unfair competition with the private sector. payment system.

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FedNow Fed Federal Reserve Instant Payments 72

Finovate

MAY 13, 2024

CB Insights announced the availability of its State of Insurtech report for the first quarter of 2024, and the Federal Reserve Board issued a summary of climate risk resiliences exercises conducted recently by a handful of big banks. I mentioned the Federal Reserve report on climate resiliency earlier.

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AI Federal Reserve Underwriting Risk 119

Clearly Payments

MARCH 18, 2024

Let’s delve into the key factors contributing to this decline: Shrinking Market Share: According to studies conducted by the Federal Reserve, cash usage has been on a steady decline. Data from the Federal Reserve reveals a stark reality—only 60% of businesses in the United States currently accept cash.

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Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

DECEMBER 5, 2019

The Federal Reserve System has joined the U.S. Our payment system is a vital part of America’s infrastructure that touches everyone,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City. The FPC will also provide education about faster payments and fraud mitigation.

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Faster Payments Fed FPC Federal Reserve 54

Finextra

JUNE 9, 2025

With the Federal Reserve proposing to make its service available 22 hours a day, seven days a week, Nacha is also considering adding a fourth processing cycle for same-day ACH. TCH went live with this change in February, enabling real-time payments up to the value of $10 million. In June, FedNow will increase its limit to $1 million.

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ISO 20022 ISOs FedNow TCH 52

Fi911

JUNE 20, 2025

This Frankenstein approach to fraud cost US lenders an estimated $20 billion in 2020, according to the Federal Reserve. Prevention & Mitigation Strategies Enhanced identity verification at account opening provides the best defense. The scale continues expanding as fraudsters refine their methods.

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Identity Theft Verification Database Authentication 52

Fintech News

OCTOBER 22, 2024

In 2016, criminals used fraudulent orders on the SWIFT payments system to steal US$81 million from the Bangladesh central bank account at the Federal Reserve Bank of New York. However, the rapid pace of digital transformation has also introduced new risk challenges, with several prominent fraud cases highlighting these risks.

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APACS Online and Mobile Banking Fraud Prevention Fraud Detection 123

Fintech Finance

OCTOBER 11, 2024

Bank is subject to more stringent approval processes for new bank products, services, markets, and stores to ensure the AML risk of new initiatives is appropriately considered and mitigated. Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance programs. The Bank and certain of its U.S. balance sheet. AML remediation program.

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AML BSA Money Laundering Office of the Comptroller of the Currency 98

Finextra

JUNE 17, 2025

High tariffs on Chinese imports, as noted by Zacks, could pressure Amazon’s retail margins, though the company’s diversified revenue streams—particularly AWS—mitigate this exposure. Traders must employ disciplined risk management, using tools like stop-loss orders, to mitigate these risks.

AI 80

AI Payment APIs and Integration Online and Mobile Banking Authorization 80

PYMNTS

DECEMBER 15, 2020

Paysafecash, the release stated, will help the 22 percent of Americans with no bank accounts or who are underbanked according to the Federal Reserve's research. The pandemic has only bolstered the need for new ways to pay as customers want to avoid long, crowded lines to mitigate the risk of the virus.

Online and Mobile Banking 72

Online and Mobile Banking Alternative Payment Methods Federal Reserve Payments 72

PYMNTS

JULY 17, 2020

Based on numbers from the Atlanta Federal Reserve through May 31, the graphic below shows healthy increases for several sectors, most notably motor vehicle and parts dealers, food and beverage stores and an uptick in restaurants, which had plunged in previous months. Source: PYMNTS.com and Atlanta Federal Reserve, GDP Now.

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Federal Reserve Bureau of the Fiscal Service Fed Fiscal Service 63

Fi911

AUGUST 1, 2023

The US Federal Reserve has introduced FedNow ; a new instant payment platform that will facilitate transactions at any given time. FedNow is the Federal Reserve’s innovative real-time payment service. As for transaction limitations, the Federal Reserve restricts transfer amounts to a ceiling of $500,000.

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PYMNTS

JUNE 16, 2020

Federal Reserve Chair Jerome Powell said Tuesday (June 16) that the economy under the pandemic has continued to cause pain to American citizens despite the appearance of stabilization.

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Federal Reserve Economy Fed Mitigation 52

PYMNTS

SEPTEMBER 22, 2019

In fact, many economists took the Federal Reserve ’s decision to cut the federal interest rate as an effort to mitigate recession risks. And while European banks have endured market volatility while U.S. peers outperform, analysts warn that U.S. banks are actually more exposed to an economic downturn.

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Risk Federal Reserve Economy Settlement 55

PYMNTS

MARCH 16, 2018

The profiles serve as educational materials outlining the lifecycles, security characteristics and relevant laws and regulations for the most common payment types, the Federal Reserve said in a press release. “We Strong stakeholder collaboration is key to maintaining public confidence in the U.S.

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FedPayments Improvement Secure Payments Task Force Federal Reserve Security 40

PYMNTS

JULY 22, 2020

As real-time payment infrastructure grows more sophisticated, technology presents an opportunity for organizations to mitigate the adoption hurdle. Yet for many entities, the concept of implementing real-time processing across an entire system can feel overwhelming complex. “That’s where the true complexity is.” In the U.S.,

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Real Time Payments FedNow Payments Faster Payments 90

Finextra

JULY 1, 2025

By strengthening intraday oversight, it aims to mitigate systemic risk at source with expectations that reflect both the lessons learned and the new demands of an always-on financial environment. The ECB’s latest guidance draws a direct line from those events to today. The framework in practice The ECB isn’t vague about what it wants to see.

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Regulations Liquidity Risk Treasury Liquidity Management 52

PYMNTS

JANUARY 31, 2019

the Federal Reserve’s Faster Payments Task Force published a report last April urging the nation to review the current regulatory landscape. Indeed, in the U.S., There are many questions ahead as faster payments initiatives gain more ground in the U.S. “As the U.S. “It’s chaos,” he said.

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Faster Payments Money Laundering Same Day ACH AML 73

Payments Source

FEBRUARY 7, 2018

The results suggest that even as financial institutions implement more sophisticated fraud-mitigation techniques, they have not been keeping pace with criminals.

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Credit Union Fed Mitigation Payments 65

Finovate

OCTOBER 16, 2024

Federal Reserve’s instant payment service went live in July of 2023. To overcome this, firms can implement real-time liquidity monitoring systems and use the Federal Reserve’s liquidity management services. Fortunately, there are ways to mitigate such mistakes. FedNow, the U.S.

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FedNow Instant Payments Disputes Federal Reserve 59

Faster Payments Council

SEPTEMBER 17, 2019

We were thrilled to have upwards of 100 of our members on the line to hear directly from Kirstin Wells, principal economist at the Federal Reserve Board. Fraud mitigation – Members can participate on Thursday, October 10 at 3 pm ET, to explore ways in which we can address the concerns around safety and security.

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FPC FedNow Fed Request for Comment 68

PYMNTS

AUGUST 28, 2017

percent, according to Federal Reserve data. “Using anonymized daily transaction aggregates at the state level, we estimate that Hurricane Matthew had noticeable negative effects on retail sales group spending in the affected areas in October 2016,” the Federal Reserve report said.

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Federal Reserve Mitigation Continuity Consumer 41

The Fintech Times

JULY 24, 2024

Last year, the US Federal Reserve launched FedNow as a competitive alternative for instant payments in the US. Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management.

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PYMNTS

APRIL 22, 2019

“What we’re seeing evolve [with] faster [payment] systems, especially with RTP by The Clearing House or RTGS that is proposed by the Federal Reserve , is that these systems are handling each individual payment on its own,” said Schoch.

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Faster Payments Center for Payments Real Time Payments Payments 63

FICO

FEBRUARY 19, 2020

The Clearing House Association’s RTP as well as The Automated Clearing House offer same day clearing and the Federal Reserve is looking to launch instant payments with their FedNow scheme in 2023. US payment schemes operate in a uniquely competitive environment. by Doug Clare.

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Real Time Payments Financial Crimes Crime Account Takeovers 92

PYMNTS

MARCH 31, 2020

In a recent interview with PYMNTS, GrainChain Founder and CEO Luis Macias said blockchain promotes the security and privacy traditional banks demand from any solution, while smart contract technology mitigates risk and promotes trust in B2B payment and trade finance transactions. Plastiq Eases Card Rail Friction.

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B2B Payroll Payments Cross-Border Payments 77

PYMNTS

OCTOBER 6, 2016

SWIFT’s year has been filled with controversy, the apex of which occurred when reports surfaced that cyberthieves infiltrated Bangladesh Bank via the SWIFT messaging system in February, resulting in $81 million stolen from the bank’s account at the New York Federal Reserve.

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SWIFT Global Payments Innovation Cross-Border 75

PYMNTS

APRIL 10, 2020

It’s an existential threat that can be mitigated going forward, i2c President Jim McCarthy told PYMNTS, by card products – particularly commercial and corporate cards issued by the existing network of banks and FinTechs – and used inventively to solve acute cash flow problems.

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FinTech Federal Reserve Central Bank Government 56

PYMNTS

AUGUST 14, 2019

Last week, the Federal Reserve announced it would give some competition to The Clearing House’s Real Time Payments (RTP) with its own real-time payments service, FedNow. QSRs are trying to mitigate this issue and are exploring ways to make work environments and compensation more attractive.

Faster Payments 64

Faster Payments Real Time Payments Payments Point-of-Sale (POS) 64

Trade Credit & Liquidity Management

MARCH 27, 2025

Conducted by the Federal Reserve Banks, this survey includes responses from over 7,600 small employer firms and covers various aspects such as performance, credit-seeking behaviors, operational challenges, and financing outcomes. Local markets and industries matter—a lot.

Small Business 52

Small Business Federal Reserve Assessments Finance 52

The Payments Association

OCTOBER 14, 2024

To rethink the assumptions behind CBDC proposals and push for more privacy-oriented innovative solutions Many central banks and financial authorities worldwide are experimenting with central bank digital currency (CBDC), including the European Central Bank, the US Federal Reserve, and the Bank of England, among others.

Privacy 88

Privacy Addressing CBDC Payer 88

PYMNTS

OCTOBER 25, 2019

Federal Reserve continues to make headway in promoting faster and real-time payments innovation and adoption, the body is simultaneously exploring a less flashy, but perhaps no less important, initiative that could similarly impact the B2B payments landscape. As the U.S.

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Automation Federal Reserve Fed Faster Payments 40

PYMNTS

AUGUST 27, 2019

Reports in the International Business Times noted that many economists took the Federal Reserve’s decision to cut the federal interest rate as an effort to mitigate recession risks, while bond yield fluctuations have been taken as yet another sign of an impending downturn.

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Federal Reserve Economy Fed Central Bank 51