Federal Reserve Board

244 results about this entity

Period: 17 Feb 2006 - 04 Nov 2024

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Fed releases toolkit to help banks combat synthetic identity fraud

/identity

Fed releases toolkit to help banks combat synthetic identity fraud

US banks racked up $20 billion in losses to synthetic identity fraudsters in 2020, according to new data from the Federal Reserve.

Boston Fed makes digital dollar code progress

/crypto

Boston Fed makes digital dollar code progress

Federal Reserve Bank of Boston and MIT researchers investigating the technicalities of a CBDC have designed a system capable of handling 1.7 million transactions a second, without using distributed ledger technology.

/payments

Fed set out FedNow Service pricing approach

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

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

/crypto

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.

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

/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.

/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.

New York Fed opens innovation centre

/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).

US regulators promise crypto oversight clarity

/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.

US banks ordered to report cyber incidents within 36 hours

/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.

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.

/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).

/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.

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