The future is FedNow: how the new RTP service is aiming to future-proof US payments
FedNow has the potential to drive innovation, broaden financial inclusion and improve cash flow.
FedNow has the potential to drive innovation, broaden financial inclusion and improve cash flow.
Signature Bank is a large lender in the cryptosphere.
The team will monitor the cryptosphere as regulators look to manage risk and promote innovation.
Everything you need to know before the launch of FedNow – a new real-time payment and settlement service in the US.
The firm filed an application with the Office of the Comptroller of the Currency in July 2020.
Senator cites the bank’s “longstanding ungovernable behaviour”.
Cyber-attacks are a “big part of the threat picture in today’s world”.
Both Fedwire and FedDACH went down this week, and remained so for a few hours.
The Fed is working with other financial regulators to boost responsiveness.
Major US banks allowed to unlock wider range of investment options.
“This funding will assist households and employers of all sizes,” says the Fed.
Fed pledged to buy unlimited amount whilst ECB eyes up €750bn additional bonds.
House Democrats have drafted a bill which, if enacted, would create a ‘digital dollar’.
Regulators across the globe issue statements addressing coronavirus precautionary measures.
Minimum level of liquid assets not required by US branches.
“Volcker 2.0” to go live in January 2020.
House wants US regulators to improve their data collection and transparency.
Consumers wrote nearly two-thirds fewer checks per household in 2015 than in 2000, while total noncash payments per household, which includes checks, card payments and electronic transfers via ACH, expanded almost 95 percent, according to additional results released June 30 from the “2016 Federal Reserve Payments Study.” While the numbers are encouraging to those facilitating electronic payments, prepaid providers have some work to do to gain market share.
Crédit Agricole Corporate and Investment Bank (CIB) is implementing AxiomSL’s regulatory reporting system at its New York branch.
BNP Paribas Securities Services has become a direct securities participant to the US Federal Reserve through FedLine, its online financial services information and payment service. The company, a subsidiary of the BNP Paribas group, says this completes its direct connectivity to the US market on all securities instruments. BNP uses Torstone Technology’s post-trade securities and […]
US payments start-up Dwolla has submitted its FiSync platform as part of its faster payments proposal to the Federal Reserve-chartered Faster Payment Task Force. The Fed-chartered initiative, comprised of over 500 Faster and Secure Payments Task Force members, has been tasked with representing, addressing, and assessing “improved” payments systems. Dwolla is offering FiSync, a communication […]
Only 18% of consumers aged 60 or over in the US use mobile banking, according to a study from the US Federal Reserve. In its 86-page report “Consumers and Mobile Financial Services 2016”, the Federal Reserve reported its findings from a survey which focused on consumers’ use of mobile technology to “access financial services and […]
When the US Federal Reserve Banks asked for comments on improving the US payments system, the tech industry and merchants said “let’s go” while the incumbents said “whoa, not so fast” …