In a report that comes one year after the publication of its Strategies for Improving the U.S. Payment System, the Federal Reserve on Tuesday detailed the progress made and outlined anticipated steps for moving forward with its initiative to enhance payment system speed, efficiency, and security.
IBM has won a tender to modernise the Federal Reserve's ACH platform, which processes up to 100 million transactions per day and half of all US payments.
The Federal Reserve Bank of Atlanta examines the current regulatory environment for bitcoin-related businesses as well as measures these businesses can adopt to mitigate the BSA/AML risks inherent in the bitcoin protocol. It also presents a framework for financial institutions to consider for managing the risks associated with banking these companies.
The Federal Reserve System on Thursday announced the appointment of Federal Reserve Bank of Chicago Senior Vice President Todd Aadland as its Payments Security Strategy Leader.
A new report from the Federal Reserve Bank of Boston's Payment Strategies team offers insights into the mobile banking practices and payment plans of banks and credit unions in five Fed districts: Atlanta, Boston, Dallas, Minneapolis, and Richmond.
American banking regulators are sending staffers with "little or no" tech training to carry out IT examinations at smaller institutions, according to a report from the US Government Accountability Office (GAO).
Governor Jerome H. Powell. At the Federal Reserve Bank of Kansas City Conference, "The Puzzle of Payments Security: Fitting the Pieces Together to Protect the Retail Payments System", Kansas City, Missouri. Building a Safer Payment System
In 2013, the Federal Reserve decided to step in and start a 40-year conversation in the making, asking the nation’s experts in payments, business, and banking their thoughts on what a faster payment system could look like.
The Federal Reserve Bank of Boston explores the use of tokenisation in mobile payments security.
The Federal Reserve today named Gordon Werkema as Payments Strategy Director with responsibility for leading major payment system improvement initiatives described in its recently published "Strategies for Improving the U.S. Payment System" paper.
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