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.
The private banking statements of 647 high-net-worth clients of Standard Chartered Bank have been found on the laptop of a hacker busted by Singapore Police.
The Federal Reserve Board on Thursday released guidance reminding financial institutions it supervises to exercise appropriate risk management and oversight when using service providers.
The Federal Reserve Bank of Boston explores the technology and security considerations for mobile contactless payments at the point-of-sale.
A new American $100 bill designed to thwart counterfeiters will finally enter circulation this week after years of delay thanks to "production challenges".
The US Federal Reserve is soliciting public input on a set of new policy ideas intended to modernise the nation's retail payments systems and address key themes such as faster payments and mobile technology.
The Federal Reserve Bank of Boston reports on the evolution of mobile payments technology two years on from its original paper in 2011.
Reports of the demise of cash are greatly exaggerated says John Williams, president and CEO of the Federal reserve Bank of San Francisco.
Nearly half of American smartphone owners used their handsets to access financial accounts last year, according to research from the Federal Reserve Board.
A senior staffer at the Federal Reserve Bank of Atlanta has queried the business case for a mass market migration to EMV-based Chip and PIN technology in the US.
© Finextra Research 2013