FEDERAL RESERVE SYSTEM - Regulation D: Reserve Requirements of Depository Institutions
Federal Reserve Policy on Payment System Risk
CCRA presentation slides
Our 10 th annual Executive Payments Summit held at the Gaylord Texan on November 14 brought some of the industry’s most innovative minds together to celebrate how far we have come in the last 10 years, while looking ahead to the next decade of new and exciting opportunities with FedNow®, RTP®, AI, cryptocurrency, and other emerging payments technologies. As Alloy Lab’s Peter Davey, Conference Planning Committee Chair, observed, “We have come a long way, but we still have a long way to go.” After a morning diving into use cases from instant payments adopters; the operators’ perspectives on our new payments rails; and fraud vectors and defenses, Robbie Roberson of Sentric Consulting guided us through best practices for strategic planning, preparing attendees with the tools needed to work within their organizations to chart their path forward
Executive Summary – Synthetic Identity When Payments Fraud Wears a ‘New Face’
Today, consumers and businesses want to send and receive money in an instant, and they’re turning to alternative payment services that can do just that. In fact, roughly four in five Americans already use mobile payment apps to make purchases and send money to friends and family. And nine in 10 businesses expect to be able to initiate and receive faster payments by 2023, according to a 2020 Federal Reserve Survey
Recently the OCC published Interpretive Letter 1174 , which says banks may use new technologies, including stablecoins, to perform payment activities. According to Forbes , this is an exciting innovation because the OCC is keeping up with the changing technology landscape
According to the Federal Reserve Board, the payments landscape is evolving rapidly as technological progress has led to novel ways of providing traditional banking services and the introduction of new financial products and services
2 Comments - Hi Pauline, This action by the Federal Reserve Board of Governors is applicable to financial institutions and other organizations requesting accounts and payment services directly with the Federal Reserve Bank. It is not generally applicable to corporate ACH Originators
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