Federal Reserve Board

235 results about this entity

Period: 17 Feb 2006 - 10 May 2024

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Fed narrows timeframe for launch of real-time payments platform

/payments

Fed narrows timeframe for launch of real-time payments platform

The Federal reserve has cut the launch timetable for its new real-time payment system FedNow by a full year to 2023.

/payments

More than 110 organisations lined up for FedNow pilot programme

The Federal Reserve Banks today announced that more than 110 organizations are participating in the pilot program for their upcoming instant payments offering, the FedNow Service.

US bank regulators propose cyber-security rule requiring prompt notification of a breach

Federal financial regulatory agencies today announced a proposal that would require supervised banking organizations to promptly notify their primary federal regulator in the event of a computer security incident.

EBAday 2020: It’s do-or-die time for real-time payments

/payments

EBAday 2020: It’s do-or-die time for real-time payments

Launching into the session ‘Reaping the potential of real-time payments’, Dean Wallace, director of real-time payments, digital and request to pay, ACI Worldwide argues that the expectations of the market will only continue to evolve, pressuring financial institutions to finalise their real-time payments (RTP) strategy.

/regulation

US bank regulators release paper on operational resilience

Federal bank regulatory agencies today released a paper outlining sound practices designed to help large banks increase operational resilience.

Fed seeks pilot participants for FedNow instant payments

/payments

Fed seeks pilot participants for FedNow instant payments

The Federal Reserve is seeking expressions of interest from financial institutions and vendors to participate in a pilot programme to support development, testing and adoption of the FedNow instant payment service.

Fed partners MIT on 'hypothetical' digital currency

/crypto

Fed partners MIT on 'hypothetical' digital currency

The Federal Reserve Bank of Boston is working with the Massachusetts Institute of Technology (MIT) to develop a "hypothetical" digital currency platform.

/payments

Federal Reserve System selects Giesecke+Devrient for NextGen currency processing equipment

The Federal Reserve System’s Cash Product Office (CPO) announced yesterday that it has awarded a contract to Giesecke+Devrient (G+D) to build the central bank’s next generation of high-speed currency processing equipment and associated software solutions.

Fed instant payments project full steam ahead

/payments

Fed instant payments project full steam ahead

The Federal Reserve is working hard to get its FedNow real-time payment and settlement service up and running as quickly as possible, according to governor Lael Brainard, who says the Covid-19 fallout has highlighted the importance of ensuring people have immediate access to funds.

US mint facing coin shortage

/payments

US mint facing coin shortage

The debate about phasing out hard currency in favour of digital alternatives could be set to intensify with news that the US Mint is facing a shortage of coins due to the pandemic.

/identity

Federal Reserve issues white paper on ways to combat synthetic identity fraud

The Federal Reserve today released the latest in a series of publications about synthetic identity fraud – a white paper titled Mitigating Synthetic Identity Fraud in the U.S. Payment System.

/security

Fed publishes FraudClassifier model

The Federal Reserve today published the FraudClassifier model – a set of tools and materials to help provide a consistent way to classify and better understand the magnitude of fraudulent activity and how it occurs across the payments industry.

Federal Reserve kicks Fedwire’s ISO 20022 can down the road

/payments

Federal Reserve kicks Fedwire’s ISO 20022 can down the road

The Federal Reserve has announced it will not implement Phase 1 of the Fedwire Funds Services migration to ISO 20022 during 2020 or 2021. It confirms that it does not have any other message format changes planned through 2021.

/payments

Fed forms FedNow Community group

The Federal Reserve Banks today announced the formation of a FedNow Community group for their upcoming instant payment offering, the FedNow Service.

/regulation

Fed extends public comment period for Morgan Stanley acquisition of E*Trade

The Federal Reserve Board on Thursday announced that the public comment period has been extended through June 4, 2020, for the notice by Morgan Stanley of New York, New York, to acquire E*TRADE Financial Corporation of Arlington, Virginia.

ING economist: The US has most to lose in war of digital currencies

ING economist: The US has most to lose in war of digital currencies

The US dollar's position as the unrivalled global currency means it has the most at stake should central banks begin to issue their own digital currencies, according to ING economist Carlos Cocuzzo.

Fed could extend regulatory reach to non-bank retail payments

/regulation

Fed could extend regulatory reach to non-bank retail payments

The US Federal Reserve should consider extending its regulatory oversight role to non-bank players in retail payments, says Governor Lael Brainard.

Bank cyberattack could hit whole financial system - NY Fed research

/security

Bank cyberattack could hit whole financial system - NY Fed research

A cyberattack on a major US bank could have significant spillovers to other lenders, with serious implications for the whole financial system, according to research from the Federal Reserve Bank of New York.

/regulation

Federal Reserve opens new Twitter account

The Federal Reserve Board on Wednesday launched a new Twitter account aimed at increasing access to the research done by the more than 400 economists and other research staff at the Board.

Federal Reserve to host 'fintech innovation office hours'

Federal Reserve to host 'fintech innovation office hours'

The Federal Reserve Board is to open its doors to banks and startups in a series of 'fintech innovation office hours' throughout 2020.

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