This paper from the Federal Reserve Bank of Richmond uses transaction-level data from a large discount chain together with zip-code-level explanatory variables to learn about consumer payment choices across size of transaction, location, and time.
The use of mobile phones to access a bank account, credit card, or other financial account continued to increase in prevalence among adults in the United States last year, according to the Federal Reserve Board's latest report on the use of mobile financial services.
Mt. Gox has filed for bankruptcy protection, a lawyer for the beleaguered bitcoin exchange told a news conference today. Meanwhile, new Federal Reserve chair Janet Yellen has said that the central bank has no authority to regulate the crypto-currency.
A British man has been charged with hacking into the US Federal Reserve computer servers, stealing the personal information of users and publishing it online.
US banks could follow JP Morgan's lead and get out of the pre-paid card business if proposed new regulatory oversight materialises, leaving the way open for the likes of American Express and Green Dot, predicts Fitch Ratings.
The US Federal Reserve Board is pushing ahead with plans to further the introduction of faster retail payments as part of a broad effort to modernise the country's payments infrastructure.
Twelve AMTIA members were among more than 50 exclusive guests attending an invitation only meeting hosted jointly by the Federal Reserve Bank of Philadelphia and the X9 Accredited Standards Committee.
Private currencies like Bitcoin offer potential - and puzzles, says the Federal Reserve Bank of Richmond.
The 2013 Federal Reserve Payments Study, released today, shows that card payments--credit and debit--now account for more than two-thirds of all noncash payments, while the number of checks paid continued to decline.
The Federal Reserve Board on Wednesday issued a consent order to cease and desist and a civil money penalty assessment of $50 million against the Royal Bank of Scotland Group plc (RBS Group) and the Royal Bank of Scotland plc (RBS plc), both of Edinburgh, Scotland.
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