08 Mar 26 @ 13:03

Kraken has achieved a notable milestone in the integration of digital assets with traditional financial infrastructure after its banking subsidiary, Kraken Financial, was granted a Federal Reserve master account. The... read more

10 Sep 25 @ 16:12

The Federal Reserve has announced a tenfold increase in the FedNow Service transaction limit, raising the ceiling from $1 million to $10 million, effective November 2025. The change reflects the... read more

05 Oct 22 @ 09:00

The Federal Reserve Board has finalised updates to the its rule concerning debit card transactions. Pursuant to statute, the updates specify that debit card issuers should enable at least two... read more

06 Jan 22 @ 11:46

The United States’ Federal Reserve has issued an update to its Federal Reserve Payments Study (FRPS) on the US payments market to include findings from recent survey data. The findings... read more

12 Feb 19 @ 13:35

Back in 2016, The Bangladesh Bank suffered a massive cyber heist. Now, the bank has filed a lawsuit in New York federal court to recover the lost $81 million. The... read more

06 Mar 17 @ 15:53

Federal Reserve board governor Jerome Powell took critical aim at the concept of a central bank-issued digital currency during a roundtable event focused on blockchain and the future of financial... read more

03 Feb 17 @ 13:23

Card payments accounted for more than two-thirds of all core non-cash payments in the US in 2015, according to a triennial Federal Reserve study. Card payments grew 19.9 billion from... read more

30 Jan 17 @ 12:03

In early 2015, the Federal Reserve issued the Strategies for Improving the US Payment System paper that outlined the collective thinking of US payment system stakeholders and the Federal Reserve... read more

18 Jan 16 @ 09:12

The Federal Reserve Bank of Atlanta has selected IBM to modernize its ACH processing platform. During ACH operations, the Federal Reserve serves as the central operator ensuring electronic payments (direct deposit,... read more

02 Jun 15 @ 13:10

The Federal Reserve Board announced it is taking public comment on whether to require member banks to move to same day payments. The request for comments comes after NACHA voted... read more

02 Oct 14 @ 14:46

Federal Reserve banks in the US are moving ahead with plans to implement a faster payments system. The Federal Reserve banks are planning to publish a roadmap in the coming... read more

05 Sep 14 @ 14:47

Federal Reserve banks in the US are moving ahead with plans to implement a faster payments system in order to improve the country’s payment infrastructure. The Federal Reserve banks are... read more

05 May 14 @ 10:07

The Federal Reserve Banks has released a new report which shows that US consumers choose to use cash more frequently than any other payment instrument, including debit or credit cards.... read more

05 Feb 14 @ 11:34

The US Federal Reserve has announced it will continue with plans to further the introduction of faster payments for US retail payments as part of a wide systematic effort to modernise the... read more

26 Sep 13 @ 10:17

A US judge has ruled that the Federal Reserve disregarded the intent of the US Congress by setting too high a cap on interchange fees for debit card transactions. The... read more

11 Sep 13 @ 10:52

The Federal Reserve Banks today announced the publication of their “Payment System Improvement – Public Consultation Paper” and an opportunity to provide input on the information, ideas and concepts in the... read more

16 Apr 26 @ 11:46

The US Federal Reserve has taken a potentially significant step towards extending FedNow beyond purely domestic payments. By opening a 60-day consultation on proposed amendments to Regulation J, the central... read more

01 Oct 21 @ 12:00

A group of seven central banks (Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve, Sveriges Riksbank and Swiss National Bank), together with the Bank... read more

03 Aug 26 @ 15:43

Wise is preparing a second attempt to secure a U.S. national trust bank charter after the Office of the Comptroller of the Currency (OCC) rejected its initial application, citing significant... read more

31 May 26 @ 12:57

Efforts to modernise cross-border payments have accelerated significantly following the publication of new findings from Project Agorá, a major international initiative led by the Bank for International Settlements (BIS) and... read more