232 results about this entity
Period: 17 Feb 2006 - 04 Apr 2024
News/payments
A collection of seven central banks are working with the Bank for International Settlements to explore tokenisation of cross-border payments.
04 April 2024
Company announcement/payments
Federal Reserve Financial Services (FRFS) today 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.
14 March 2024
Company announcement/regulation
The Federal Reserve Board on Thursday issued an enforcement action against JPMorgan Chase & Co. and fined the firm approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct.
News/crypto
Chairman of the US Federal Reserve Jerome Powell spoke before the Senate on Thursday, stating that the US was “nowhere near” CBDC development.
08 March 2024
Company announcement/security
The year-over-year losses from scams continue to rise. In 2022, the Federal Trade Commission (Off-site) reported $8.8 billion in losses from scam activity, a 30% increase from the previous year.
24 January 2024
The Federal Reserve has proposed lowering the debit interchange fees banks can charge merchants by nearly 30% and reviewing the cap every two years.
26 October 2023
Company announcement/identity
The Federal Reserve Board on Thursday issued an enforcement action and fined Metropolitan Commercial Bank, of New York, New York, approximately $14.5 million for violations of customer identification rules and for deficient third-party risk management practices relating to the bank's issuance of prepaid card accounts.
24 October 2023
The Federal Reserve is expected to propose lowering the debit interchange fees banks can charge merchants.
19 October 2023
Michelle Bowman has become the latest Federal Reserve Governor to pour cold water on a US CBDC, saying that the benefits of a digital dollar are unclear while the risks could be significant.
18 October 2023
Payments API provider Orum has built a product on top of the new FedNow rail to instantly verify bank accounts.
11 October 2023
The Federal Reserve Board on Monday launched its Instagram and Threads accounts with the aim of increasing the accessibility and availability of Board news and educational content.
02 October 2023
The Federal Reserve today released market practices to advance standardized implementation of the request for payment (RFP) feature of instant payments.
27 September 2023
CGI (NYSE: GIB) (TSX: GIB.A) today announced that the CGI All Payments solution has been certified to support transaction activity for financial institutions that make payments on the Federal Reserve Bank’s new instant payments system, FedNow® Service.
21 September 2023
Having demonstrated the operationally feasibility of an exchange framework to deliver e-remittance information, the Business Payments Coalition (BPC) and Federal Reserve are gearing up for a pilot.
05 September 2023
News/regulation
A division of Goldman Sachs' transaction banking business (TxB) has stopped taking on riskier fintech clients after receiving a warning from the US Federal Reserve, according to the Financial Times.
01 September 2023
The US Federal Reserve is setting up a new supervisory unit to cover 'complex' technology partnerships between banks and non-banks, crypto activities, and the implementation of blockchain technologies.
09 August 2023
FedNow, the Federal Reserve’s new payments system that was launched last week, is predicted to bolster growth for the US fintech sector according to Plaid CEO Zach Perret.
28 July 2023
The Federal Reserve has switched on its new instant payment system, FedNow, with 35 banks and credit unions onboard.
20 July 2023
The Federal Reserve Board on Wednesday announced two enforcement actions against Deutsche Bank AG, its New York branch, and other U.S. affiliates.
Temenos (SIX: TEMN) today announced that it has successfully completed certification for the FedNowSM Service, the Federal Reserve’s new instant payment offering launching in July 2023.
19 July 2023
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