Faster payments

Are global regulators gunning for big tech?


Randal Quarles, a senior Fed official and chair of the Financial Stability Board, sparked debate with a speech about the risks and rewards of companies like Amazon, Facebook and Apple entering the financial system.


Peace offering made to small financial institutions on fast payments


The Clearing House announced moves to attract community banks and credit unions to its real-time payments system. Smaller depositories have generally been reluctant to sign up with what is seen as a large-bank effort.


Fed pumps the brakes on Nacha plan for faster Same-Day ACH


After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been denied by the Federal Reserve, which says it has to obtain public comment on the concept.


'Why does a check take as long to clear today as it did in 1982?'


The slow U.S. adoption of real-time payments hurts half of Americans who live paycheck to paycheck, says Aaron Klein, a fellow at the Brookings Institution.


Capital levels are just right, Powell tells House members


Addressing lawmakers for the second straight day, the Fed chairman defended his agency’s refinements to the post-crisis regime.


5 things JPM Coin will do for banking and blockchain


JPMorgan's blockchain effort could lead to solutions that overcome industry skepticism and regulatory concerns and perhaps attract more mainstream retail interest.


BB&T-SunTrust, GSE reform's QM problem, Swift's Ripple response: Top stories of the week


Wide coverage of the mega-deal between BB&T and SunTrust; GSE reform, CFPB underwriting rule are on collision course; Swift showing more swagger in its rivalry with Ripple; and more from this week's most-read stories.


Is this Swift's answer to Ripple?


Swift is showing more swagger in its rivalry with Ripple thanks to progress it has made with a multifaceted payments-tracking technology called GPI.


Citi deploys AI to detect real-time fraud, errors in payments


The software, which was developed by Feedzai, will eventually block payments that appear to be fraudulent or mistaken.


How regulators besides the OCC can help fintechs


The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.