A worldwide group of central banks working to promote the safety and efficiency of payment, clearing, settlement and related arrangements released a global strategy for reducing wholesale payments fraud Tuesday. In a report, “Reducing the […]
The Federal Reserve Board (Fed) is seeking comments on a potential change in its payment system risk (PSR) policy to provide for real-time monitoring by the Federal Reserve Banks of all depository institutions’ Fedwire funds […]
Fraud and associated costs in the U.S. payments system, as well as causes and contributing factors to fraud, are the focus of a study the Federal Reserve is beginning this month with the goal of […]
Educational materials outlining the lifecycles, security characteristics and relevant laws and regulations for the most common payment types were published Friday as a last act of a Federal Reserve group dedicated to studying payments systems. […]
A final publication of a collection of educational materials outlining the lifecycles and security profiles of today’s primary payment methods will be the last act of the Federal Reserve’s task force on secure payments, the […]
Credit cards are being used for payments more frequently – and more often for remote versus in-person payment – a new Federal Reserve study released Thursday stated. Additionally, the study showed that the 10.2% growth […]
The providing of settlement services is being considered by the Federal Reserve to address “the future needs of a ubiquitous real-time retail payments environment,” a governor of the central bank’s board told a central banking […]
Faster payments in the United States, realized through a government framework, will be the focus of a 27-member team made up of government, academic and financial industry representatives announced Friday by the Federal Reserve as […]
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