16 September 2014

Latest articles for Federal Reserve Board


Federal Reserve inches towards faster payments

05 September 2014  |  4578 views  |  5 News

America's Federal Reserve Banks are moving ahead with plans to improve the country's payment infrastructure, promising to publish a roadmap in the coming months that could eventually lead to a faster payments system.


Fed updates non-cash payments report to include mobile wallet data

25 July 2014  |  1545 views  |  0 Company announcement

The 2013 Federal Reserve Payments Study Detailed Report, released today, provides new information on the payments landscape including updated results on the intensity of card use by consumers and businesses; further discussion of previously released information on third-party payments fraud; new estimates of over-the-counter cash withdrawals and deposits at bank branches and wire transfers made by businesses and consumers; and discussion of emerging and alternative payments likely to replace traditional payments such as cash and checks.


Bitcoin not a threat to banking system...yet

20 May 2014  |  5384 views  |  0 News

Bitcoin is still more of a curiosity than a threat to the banking system but in the long term the crypto-currency could have a pronounced impact on payments, according to a group of advisers to the US Federal Reserve.


Cash is here to stay says US Federal Reserve

30 April 2014  |  4243 views  |  5 News

While Finextra Future Money delegates debate the future of cash and the UK's Halifax predicts its slow decline, the Federal Reserve Banks release fresh data which shows that US consumers choose to use notes and coins more frequently than any other payment instrument, including debit or credit cards


Americans switch from cheques to cards - Fed

25 April 2014  |  5846 views  |  4 News

Card payments have soared in popularity in the US over the last 10 years and now account for more than two thirds of all non-cash payments, according to Federal Reserve figures.


The future of cash? It's all in the data

04 April 2014  |  5800 views  |  0 Research

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.


Consumers increasingly sceptical of m-banking benefits - Fed

28 March 2014  |  3078 views  |  0 Company announcement

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 files for bankruptcy protection; Yellen says Fed has no authority to regulate bitcoin

28 February 2014  |  4050 views  |  1 News

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.


Brit charged with hacking US Fed's computer servers

28 February 2014  |  2371 views  |  0 News

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.


New regs could see banks follow JP Morgan out of US pre-paid market - Fitch

14 February 2014  |  4995 views  |  1 News

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.

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