Federal Reserve Board - News, Articles & Research

Company announcement/payments

Fed set out FedNow Service pricing approach

The Federal Reserve today announced the anticipated pricing approach for its FedNow Service for instant payments.

28 January 2022

Fed keeps cards close to chest in new digital dollar discussion paper

The Federal Reserve has published its long-anticipated discussion paper on the risks and benefits of a digital dollar and invited public comment - but has studiously avoided giving any hints on its plans.

20 January 2022

News/payments

ABA backs Fed's plan for single-day Fedwire ISO 20022 migration in 2023

The American Bankers Association is supporting the Federal Reserve's plan to migrate the Fedwire Funds Services to the ISO 20022 message standard in a single day - but says it has "serious concerns" about a lack of detail on testing strategy and requirements for the move.

07 January 2022

Company announcement/payments

Federal Reserve reports "unprecedented" decline in in-person payment cards volumes

The Federal Reserve on Wednesday issued an update to the Federal Reserve Payments Study (FRPS) to include findings from recent survey data.

05 January 2022

News/regulation

New York Fed opens innovation centre

The Federal Reserve Bank of New York has launched an innovation centre in a partnership with the Bank for International Settlements (BIS).

01 December 2021

News/regulation

US regulators promise crypto oversight clarity

American banking regulators have put together a roadmap that will see them offer clarity over the next year on a host of areas relating to crypto assets.

24 November 2021

News/regulation

US banks ordered to report cyber incidents within 36 hours

US regulators have approved a new rule that requires banks to report any "significant" computer security incident within 36 hours of discovering it.

19 November 2021

Company announcement

Federal Reserve rolls out resoursces ahead of instant payment launch

The Federal Reserve today launched new resources for the U.S. payments industry to facilitate education, preparation and ecosystem innovation in support of instant payments, a type of faster payment that provides payees with immediate access to funds, enabled by real-time final settlement between financial institutions.

21 October 2021

Company announcement/payments

The Federal Reserve and the Business Payments Coalition sign 73 firms to e-invoice exchange pilot

The Federal Reserve and the Business Payments Coalition (BPC) today announced 73 organizations have joined an industry effort to stand up an operational pilot exchange framework to enable businesses of all kinds to exchange electronic invoices (e-invoices).

14 October 2021

Company announcement/payments

Fed invites comments on shift to ISO 20022

The Federal Reserve Board on Monday announced that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service.

05 October 2021

Company announcement/payments

American Bankers Association calls for FedNow interoperability with TCH network

In a comment letter to the Federal Reserve today, the American Bankers Association offered feedback on a recent proposal to revise Regulation J to accommodate the new FedNow Service, which is expected to go live in 2023.

03 September 2021

News/crypto

Fed's Waller: CBDC 'solution in search of a problem'

Federal Reserve governor Christopher Waller is the latest central bank bigwig to pour cold water on CBDCs, declaring himself "highly sceptical" that there is a compelling need for a digital dollar.

06 August 2021