Federal Reserve Board

243 results about this entity

Period: 17 Feb 2006 - 02 Sep 2024

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Fintechs warned: If it walks like a duck and quacks like a duck, it should be regulated like a duck

Fintechs warned: If it walks like a duck and quacks like a duck, it should be regulated like a duck

The president of the San Francisco Fed has hailed the potential of Silicon Valley fintech startups to transform financial services but warned them that they must expect to be regulated like old-fashioned banks.

American mobile banking popularity sees modest growth

American mobile banking popularity sees modest growth

Mobile banking saw its popularity grow in the US last year but more than half of Americans still do not use the channel, and fewer still make payments from their handsets, according to a Federal Reserve Board survey.

Federal Reserve calls in McKinsey for faster payments assessment

The Federal Reserve on Tuesday announced the selection of McKinsey & Company to support Faster Payments Task Force efforts this year to assess faster payments solution proposals from various providers across the United States payments industry.

Poor spelling thwarts Bangladesh Bank hackers

Poor spelling thwarts Bangladesh Bank hackers

Hackers who stole about $80 million from a Bangladesh central bank account with the New York Fed could have made off with far more were it not for their shoddy spelling.

Was Bangladesh Bank's account with the New York Fed hacked?

Was Bangladesh Bank's account with the New York Fed hacked?

The Federal Reserve Bank of New York says there are no signs that its systems have been breached, despite claims made by Bangladesh's central bank that its account with the US outfit has been hacked and money stolen.

Debit card reform has helped small banks - Philadelphia Fed

The Philadelphia Federal Reserve has just released a report that debit card reform has helped small banks.

Fed staffers put a downer on mobile payments party

Fed staffers put a downer on mobile payments party

While the crowds at Mobile World Congress in Barcleona lap up the latest innovations in mobile payments and biometric security, party-pooping staff at the Federal Reserve Bank of Atlanta have cast a more sober eye over the potential for mass-market uptake of new-fangled payment methods.

Fed provides payments progress report

In a report that comes one year after the publication of its Strategies for Improving the U.S. Payment System, the Federal Reserve on Tuesday detailed the progress made and outlined anticipated steps for moving forward with its initiative to enhance payment system speed, efficiency, and security.

Fed hands IBM contract to modernise ACH platform

Fed hands IBM contract to modernise ACH platform

IBM has won a tender to modernise the Federal Reserve's ACH platform, which processes up to 100 million transactions per day and half of all US payments.

Fed appoints payments security strategy leader

The Federal Reserve System on Thursday announced the appointment of Federal Reserve Bank of Chicago Senior Vice President Todd Aadland as its Payments Security Strategy Leader.

Bank regulator IT examiners need more training - report

Bank regulator IT examiners need more training - report

American banking regulators are sending staffers with "little or no" tech training to carry out IT examinations at smaller institutions, according to a report from the US Government Accountability Office (GAO).

Speech: Fed Reserve governor Jerome Powell on building a safer payment system

Governor Jerome H. Powell. At the Federal Reserve Bank of Kansas City Conference, "The Puzzle of Payments Security: Fitting the Pieces Together to Protect the Retail Payments System", Kansas City, Missouri. Building a Safer Payment System

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