Faster payments

How fraudsters surprised British banks

11/27/18

As U.S. banks move toward faster payments, they should heed the lessons U.K. banks learned about criminals after launching their real-time transaction system, says Varo Money's fraud strategy leader.

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How Zelle plans to recapture the smaller banks, credit unions it left behind

11/26/18

A year after its launch, Zelle’s P2P payment volume has rapidly expanded through usage at the nation’s largest banks. But enabling smaller institutions to offer it to their customers is proving to be more challenging.

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Congressional Black Caucus members urge Fed action on faster payments

10/30/18

In a letter Monday to Federal Reserve Board Chairman Jerome Powell, the four House Democrats argued that the nation’s aging payments system is contributing to economic inequality.

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Fast payments, prepaid cards, debt counseling: What Gen Z wants from banks

10/11/18

Banks will have to re-engineer a number of systems to meet the eclectic demands of the generation born roughly in the last 10 to 20 years.

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How Zelle, banks combat real-time payment fraud

10/10/18

For bankers and network providers, it’s a given that moving to a real-time payment system like Zelle will lead to an increase in fraud attempts. Here's a look at the ways they're fighting back.

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Bank earnings may have upside; Bernie targets banks

10/04/18

Profits at big banks should be solid if not spectacular; the Vermont senator proposes a hard cap on assets held by the biggest banks.

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Fed looks to public to help define role on faster payments

10/03/18

For more than a year, the central bank has been under pressure to speed the development of a real-time payment system. But it faces tough questions about what its own role should be.

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Fed will have the say on key parts of OCC’s fintech charter

09/18/18

The Office of the Comptroller of the Currency has been taking the lead on a federal license for fintech firms, but the central bank will decide if such companies can access the payments system and other benefits.

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Real-time corporate payments not ready for prime time

06/21/18

The quest for fast payments is advancing on the consumer side, but most banks are said to be undecided about a host of issues tied to speeding up transactions between businesses.

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Behind the Fed's effort to squeeze out payments fraud

04/03/18

The central bank is taking a lead role in trying to combat the longstanding problem. A broad study by the Fed aims to measure the extent of payments fraud and to foster more collaboration in thwarting it.

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