Federal Reserve Board

235 results about this entity

Period: 17 Feb 2006 - 10 May 2024

/payments

Fed ships analytics tool for tracking payments through ACH

Federal Reserve Financial Services today launched the FedPayments® Insights Service, a business and analytics tool that generates reports on a financial institution’s payments settled through the FedACH Service to help the organization advance its business strategy and day-to-day ACH operations.

/payments

FedNow real-time payments service to launch next summer

The Federal Reserve has narrowed the timing of the launch of its real-time payments service, FedNow, to the middle of next year.

/regulation

Fed warns banks to over crypto obligations

The Federal Reserve Board on Tuesday provided additional information for banking organizations engaging or seeking to engage in crypto-asset-related activities.

/crypto

Fed finalises system for evaluating fintech access to services

The Federal Reserve Board has established a tiered system for evaluating whether to grant access to its accounts and payment services, with ramifications for chartered fintechs and crypto firms.

/regulation

Regulators tell Voyager Digital to stop false statements about FDIC deposit insurance status

The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today issued a joint letter demanding that the crypto brokerage firm Voyager Digital cease and desist from making false and misleading statements regarding its FDIC deposit insurance status and take immediate action to correct any such prior statements.

/payments

Federal Reserve delays ISO 20022 cutover by two years

The Federal Reserve is to delay the implementation of the new ISO 20022 payment messaging format by two years to 2025.

/payments

Fed study sheds light on rising consumer demand for faster payments

Faster payments have become a way of life for many consumers who regularly use mobile devices to track their finances as well as payment apps to send and receive payments among friends and family.

/payments

Fed begins real-time payments pilot

The Federal Reserve has started onboarding pilot participants for its new real-time payment system, FedNow, ahead of a full launch next year.

/payments

Iliad Solutions featured in the Federal Reserve’s new FedNow Service Provider Showcase

Iliad Solutions is proud to be featured in the Federal Reserve’s new FedNow Service Provider Showcase, an online resource designed to connect US financial institutions with leading service providers as they prepare to offer instant payment solutions through the new FedNow Service.

/crypto

White House lays out ground rules for digital assets

The White House has issued a sweeping executive order on the oversight of cryptocurrencies and prompted the Federal Reserve to step up the pace on exploration of the case for a central bank digital currency (CBC)

/regulation

Fed preps tiered system for evaluating fintech access to services

The Federal Reserve Board is seeking comment on a plan to introduce a tiered system for evaluating whether to grant access to its accounts and payment services.

/identity

Fed releases toolkit to help banks combat synthetic identity fraud

US banks racked up $20 billion in losses to synthetic identity fraudsters in 2020, according to new data from the Federal Reserve.

/crypto

Boston Fed makes digital dollar code progress

Federal Reserve Bank of Boston and MIT researchers investigating the technicalities of a CBDC have designed a system capable of handling 1.7 million transactions a second, without using distributed ledger technology.

/payments

Fed set out FedNow Service pricing approach

The Federal Reserve today announced the anticipated pricing approach for its FedNow Service for instant payments.

/crypto

Fed keeps cards close to chest in new digital dollar discussion paper

The Federal Reserve has published its long-anticipated discussion paper on the risks and benefits of a digital dollar and invited public comment - but has studiously avoided giving any hints on its plans.

/payments

ABA backs Fed's plan for single-day Fedwire ISO 20022 migration in 2023

The American Bankers Association is supporting the Federal Reserve's plan to migrate the Fedwire Funds Services to the ISO 20022 message standard in a single day - but says it has "serious concerns" about a lack of detail on testing strategy and requirements for the move.

/payments

Federal Reserve reports "unprecedented" decline in in-person payment cards volumes

The Federal Reserve on Wednesday issued an update to the Federal Reserve Payments Study (FRPS) to include findings from recent survey data.

/regulation

New York Fed opens innovation centre

The Federal Reserve Bank of New York has launched an innovation centre in a partnership with the Bank for International Settlements (BIS).

/regulation

US regulators promise crypto oversight clarity

American banking regulators have put together a roadmap that will see them offer clarity over the next year on a host of areas relating to crypto assets.

/regulation

US banks ordered to report cyber incidents within 36 hours

US regulators have approved a new rule that requires banks to report any "significant" computer security incident within 36 hours of discovering it.