242 results about this entity
Period: 17 Feb 2006 - 26 Jul 2024
News
Shares in major US issuing banks and card schemes moved up late Tuesday as the Federal Reserve issued a watered-down take on the Durbin Amendment on interchange fees, setting the cap at 21 cents per transaction, rather than the 12 cent ceiling proposed in earlier consultations.
30 June 2011
The mobile phone has the potential to offer a much more secure payment experience than bank-issued plastic cards, says the Atlanta Fed in a myth-busting blog post.
12 April 2011
Americans are increasingly turning their backs on cheques in favour of electronic payment methods, particularly debit cards, according to a study from the Federal Reserve.
09 December 2010
A Malaysian computer expert who hacked into the computer network of the Federal Reserve Bank was arrested in New York last month shortly after arriving at JFK Airport with a laptop holding more than 400,000 stolen credit and debit card numbers.
19 November 2010
The Federal Reserve Banks and Equens have processed the first transatlantic automated clearinghouse payments using a new jointly developed channel.
25 October 2010
A senior official at the US Federal Reserve has expressed alarm that the country is being left isolated by its reliance on mag-stripe cards while the rest of the world moves to more secure EMV-based Chip and PIN payment technology.
20 July 2010
Mobile payments are unlikely to take off on a large scale in the US for at least the next three years, according to an analysis by the Federal Reserve Bank of Boston.
26 May 2010
A group of 21 banks, clearing houses and associated payment service providers have launched the International Payments Framework Association (IPFA).
08 March 2010
The Federal Reserve Bank of New York has welcomed commitments by 14 major dealers to ramp up efforts to cut risks and improve post-trade automation and transparency in the over-the-counter derivatives markets.
03 March 2010
The increasing use of 'just-in-time liquidity' provisioning by financial market utilities (FMU) to mitigate against settlement risk poses a growing threat to future financial stability according to a study conducted by the Chicago Federal Reserve.
12 October 2009
US Federal Reserve chief Ben Bernanke has fallen victim to an identity fraud ring accused of hitting hundreds of people and stealing more than $2.1 million, according to Newsweek.
28 August 2009
The US Federal Reserve Board says it will increase the processing fees for paper cheques by 41% next year as it looks to encourage migration to electronic collection.
30 October 2008
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