The Payments Association

APRIL 7, 2025

This suggests a continued investment in areas such as technological capabilities and digitalisation. Continue reading State of the Industry 2024 survey reveals key trends, challenges, and opportunities in the payments industry. Join The Payments Association to read the full article.

Financial Crimes 88

Financial Crimes Interoperability Crime Payments 88

The Payments Association

APRIL 8, 2025

Merchants need to continue adapting to new payment methods, collaborate with industry peers, and stay agile in balancing innovation and regulatory compliance. As the payments ecosystem continues to evolve with innovations like open banking, instant payments, and tokenisation, merchants are facing a host of challenges and opportunities.

Fraud Prevention 88

Fraud Prevention Instant Payments Alternative Payment Methods Participant 88

PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

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The Payments Association

APRIL 7, 2025

Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. APP and identity fraud challenges persist, and bad actors are continually deploying more sophisticated methods to dupe and exploit firms.

Financial Crimes 88

Financial Crimes Crime AML Fraud Prevention 88

PYMNTS

AUGUST 7, 2020

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States.

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PYMNTS

APRIL 24, 2020

The Federal Reserve Board has eliminated its six-per-month limit on transfers and withdrawals from savings accounts as the nation continues to adapt to changes caused by COVID-19. Such a rule is no longer necessary, the Fed said. Last month, the regulatory agency dropped the primary credit rate by 150 basis points to 0.25

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Fed Federal Reserve Economy Rules 64

Fintech Finance

FEBRUARY 27, 2025

We’re proud to partner with Visa, continue innovating on our Deliver API, and expand our innovative offerings.” Enhances Orum’s ‘Direct to Fed’ money movement solution that is built on a direct connection to the Federal Reserve’s payment rails as a service provider.

Faster Payments 64

Faster Payments Payment APIs and Integration Debit Card Push-to-Card 64

PYMNTS

NOVEMBER 5, 2020

The Federal Reserve ’s Thursday (Nov. 5) statement from the Federal Open Market Committee (FOMC) affirms its position to use the “full range” of tools at its disposal to stabilize the U.S. Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year.

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Fed Federal Reserve Economy On-Demand 65

PYMNTS

APRIL 7, 2020

The Federal Reserve is collaborating with the Treasury Department to develop a new facility to help small and medium-sized businesses (SMBs) stay afloat as the coronavirus pandemic continues, according to a report in the Wall Street Journal (WSJ). The PPP is part of the $2.2

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Fed Federal Reserve Treasury Small Business 60

PYMNTS

DECEMBER 19, 2019

With a problem at the Federal Reserve that has since reportedly been fixed, direct deposits, as well as other financial transactions, were delayed on Thursday (Dec. The Fed noted at 10:31 a.m. However, the Fed said in a statement per the report that tech staff still are still looking into the problem’s fundamental cause.

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PYMNTS

SEPTEMBER 13, 2016

When the Federal Reserve ticked the interest rate up to 0.25 In the wake of the financial crisis, the Fed officially cut the interest rate in the U.S. In the wake of the financial crisis, the Fed officially cut the interest rate in the U.S. The Federal Reserve board meets on Sept.

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Fed Federal Reserve Economy NOV 55

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 only lone dissenter in lowering the rate was Cleveland Fed President Loretta Mester.

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Fed Federal Reserve Economy Central Bank 57

PYMNTS

MAY 15, 2020

Just when the economy can’t take any more bad news, the Federal Reserve Bank of Atlanta is predicting the national gross domestic product (GDP) is expected to drop by nearly 43 percent in the second quarter, CNBC reported. GDPNow is not an official forecast of the Atlanta Fed. percent in Q2, down from the May 8 estimate of 33.9

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Fed Federal Reserve Economy Central Bank 60

PYMNTS

MAY 27, 2020

For now, the Federal Reserve Beige Book released on Wednesday (May 27) found that U.S. companies are suffering from a continued overall economic decline. Overall, verticals such as the hospitality, travel and leisure sectors continue to see a downdraft. Where might there be some green shoots?

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Fed Economy Federal Reserve On-Demand 57

PYMNTS

AUGUST 10, 2020

But it might not be the Federal Reserve ’s doing. Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. But with a 2023-24 timeframe to implementation, the Fed’s efforts will take a while to cross the Rubicon from concept to reality.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

PYMNTS

SEPTEMBER 7, 2017

It’s been more than two years since the Federal Reserve issued its Strategies for Improving the U.S. Payment System paper, in which the Fed outlined initiatives for the payments industry and its stakeholders to promote progress. Now, the Federal Reserve wants to keep the momentum going. On Wednesday (Sept.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. This delay was initiated by the Fed.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

NOVEMBER 18, 2020

Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according to a report in the Wall Street Journal (WSJ) citing the Federal Reserve Bank of New York. Student loans reached $1.55 trillion, up $9 billion. .

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Credit Cards Consumer Federal Reserve Fed 124

The Payments Association

APRIL 8, 2025

As fraud continues to grow in sophistication, merchants are increasingly at the forefront of the battle against financial crime. The evolving nature of fraud: Trends and challenges The discussion began with a stark overview of fraud trends, highlighting how criminals are continually adapting their methods to exploit new vulnerabilities.

Fraud Detection 88

Fraud Detection Fraud Prevention Scams Participant 88

PYMNTS

JULY 5, 2017

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. According to Fed researchers, there were some significant changes in corporate payments activity between 2000 an 2015.

ACH 51

ACH Fed Checks Federal Reserve 51

PYMNTS

JANUARY 23, 2019

Deutsche Bank’ s handling of billions of dollars in suspicious transactions from Danske Bank’ s Estonian branch is raising the ire of the Federal Reserve, which is looking into it. According to Bloomberg, the Federal Reserve’s inquiry is at an early stage and is looking at whether or not the U.S. In the U.S.

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Fed Money Laundering Federal Reserve Law Enforcement 55

PYMNTS

JUNE 16, 2020

gross domestic product, according to Federal Reserve data. But the borrowing surge is continuing thanks to the pandemic, with more than $1 trillion in new debt issued so far this year. Still, Deutsche Bank Chief Economist Torsten Slok recently told Bloomberg that the Fed and the U.S. economic recovery.

Economy 85

Economy Federal Reserve Fed Non-Bank 85

PYMNTS

APRIL 29, 2020

To provide immediate cash flow for small- to medium-sized businesses (SMBs), the American Institute of CPAs (AICPA) is asking for the Federal Reserve to make a short-term accounts receivable (AR) lending facility that is federally backed, according to an announcement.

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Fed Federal Reserve Finance Treasury 57

PYMNTS

SEPTEMBER 29, 2020

The Fed’s latest Survey of Consumer Finances might come with a caveat: The data measure a period that may seem long ago and far away — the time before COVID, of course. At a high level, noted the Federal Reserve, between 2016 and 2019, real gross domestic product grew at an annual 2.5 Overall, 98.7 Online Banking .

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Fed Federal Reserve Consumer Finance 52

PYMNTS

DECEMBER 11, 2017

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.

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Fed Secure Payments Task Force Payment Security Federal Reserve 45

PYMNTS

JANUARY 15, 2019

14) that the Federal Reserve, the U.S. Yet now, said Reuters, the Fed has said there is not enough risk management in place to allow FinTechs full-fledged access to the payment system. It would be helpful for the Fed to clarify.” Reuters reported early Monday (Jan.

Fed 59

Fed Cross-Border FinTech Office of the Comptroller of the Currency 59

PYMNTS

OCTOBER 21, 2020

A top Fed official is warning more stimulus spending will be needed in order to turn a “K-shaped recovery” in the United States into one that is “broad-based and inclusive.”. Federal Reserve Governor Lael Brainard on Wednesday (Oct. Federal Reserve Governor Lael Brainard on Wednesday (Oct.

Fed 56

Fed Economy Federal Reserve Small Business 56

PYMNTS

OCTOBER 10, 2019

Federal Reserve officials are worried that slowing global growth, exacerbated by the U.S.-China Since the September Federal Reserve meeting, surveys and other economic data have hinted that weakness in manufacturing might be spreading into other parts of the U.S. Louis Fed, voted for a bolder rate cut of 50 basis points.

Fed 43

Fed Federal Reserve Credit Cards Economy 43

PYMNTS

SEPTEMBER 21, 2020

Patrick Vallance, British chief scientific advisor, said there could be 50,000 new infections every day by mid-October if the virus continues spreading at its current rate, FT reported, with new infections doubling every seven days. The stocks have been under pressure since the Federal Reserve's recent meeting on monetary policy.

Federal Reserve 104

Federal Reserve Fed Central Bank Advisors 104

PYMNTS

JANUARY 25, 2021

A new study from the Federal Reserve Bank of New York shows that people expect the economy to rebound by next year, according to a press release. 25), said year-ahead total household spending growth expectations rose sharply, with a continuing rebound from the severe downturn in April as the pandemic was beginning, the release stated.

Fed 71

Fed Consumer Federal Reserve Non-Bank 71

PYMNTS

JANUARY 18, 2019

While the Fed has hinted that it has been adjusting its U.S. economic outlook due to turmoil in the markets as well as decelerating expansion in China, New York Fed President John Williams said on Friday (Jan. of a percentage point for each week that the current situation continues. percentage point reduction.

Shutdown 49

Shutdown Fed Federal Reserve Economy 49

PYMNTS

FEBRUARY 4, 2019

percent, according to Federal Reserve data. Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. The Federal Approach. Against this backdrop, the Federal Reserve proposed creating its own real-time payments service in October 2018.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

SEPTEMBER 21, 2020

Federal Reserve chairman Jerome Powell is set to tell lawmakers that U.S. 22), and his prepared comments, seen by FT, show that he plans to defend the Fed against criticism that it hasn't done enough to help small- to medium-sized businesses (SMBs) as compared to its efforts for financial markets.

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Fed Federal Reserve Small Business Payroll 70

PYMNTS

AUGUST 7, 2018

However, the Federal Reserve ‘s latest analysis of the U.S. The Fed ‘s latest quarterly Senior Loan Officer Opinion Survey , released Monday (Aug. The Fed ‘s latest quarterly Senior Loan Officer Opinion Survey , released Monday (Aug. The Fed’s report was published weeks after announcements of a 4.1

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Fed Continuity OCC Office of the Comptroller of the Currency 40

PYMNTS

MARCH 10, 2017

The jobs numbers are in, and they seem strong enough to seal the deal on a rate hike via the Federal Reserve as early as this month. The stage is set, then, for a rate hike, as Janet Yellen, who chairs the Federal Reserve, said earlier this month that increases may in the offing this week. percent, down from 4.8

Fed 48

Fed Federal Reserve Payroll Participant 48

PYMNTS

APRIL 6, 2020

A March survey of consumer expectations by the Federal Reserve Bank of New York released Monday (April 6) found mounting worries over job losses, debt and spending as the coronavirus continues to wreak havoc on the U.S. percent, which the Fed post said was a record reading since the survey debuted in 2013. economy. .

Fed 52

Fed Consumer Federal Reserve Economy 52

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. But the overall message continues to be caution when it comes to investor attitudes about investech.

AI 119

AI Federal Reserve Underwriting Risk 119