The 160-member task force convened by the Federal Reserve to advance the safety, security and resiliency of the national payment system is asking the industry for comments on its efforts to enhance payment identity management, data protection, and information sharing related to payments risk and fraud.
US regulators have set out plans to strengthen the way they oversee big banks in a bid to protect the country's financial system in the event of a major cyberattack or technology failure.
Distributed ledger technology may be the "most significant development in many years" for payments, clearing and settlement, according to a Federal Reserve governor who says that the central bank will publish its own blockchain paper later this year.
America's journey towards faster payments inches along, as 500-odd members of two national task forces begin the process of reviewing 19 proposals from industry players.
Following in the footsteps of grandmothers everywhere, the Federal Reserve Board has joined Facebook, setting up a page to share news and educational content.
Swift is to push the gospel of global interoperability for the ISO 20022 messaging standard to the very top of the payments food chain with the formation of a High Value Payment taskforce comprised of global banks and major market infrastructure providers.
BNP Paribas Securities Services announced today that it is now a direct securities participant to the Federal Reserve through FedLine, the Federal Reserve’s online financial services information and payment service.
It is important to note that the recent incident with the Bangladesh Bank was not caused by a breach or compromise of the New York Fed’s systems.
Dwolla, an all digital bank transfer payment system, announced today that it submitted a faster payments proposal to the Federal Reserve-chartered Faster Payment Task Force for review and assessment.
The president of Philippines-based Rizal Commercial Banking Corp (RCBC) has resigned despite being cleared by an internal investigation into the bank's connection with the $81 million Bangladesh Bank hacking scandal.
© Finextra Research 2016