Faster payments

Wooing millennials or ignoring them?

09/07/17

Fifth Third's Melissa Stevens targets millennials with new app. Meanwhile, regulators are accused of ignoring millennials. Plus, a Goldman Sachs wealth manager sues for discrimination.

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Fed dodges key decision on faster payments

09/06/17

The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.

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Federal Reserve names Sapenaro as lead on payments initiatives

08/24/17

Dave Sapenaro, first vice president and chief operating officer at the Federal Reserve Bank of St. Louis, will oversee the Fed's payments system improvement initiatives.

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Inside seven plans for a faster U.S. payment system

07/25/17

A task force convened by the Federal Reserve released its evaluations last week of 16 proposals to build a faster U.S. payment system. What follows is a brief look at some of the plans that received high marks.

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Fed commits to speeding up payments following task force report

07/24/17

In early fall, the central bank is expected to announce its next steps regarding how to improve the aging U.S. payments system.

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The Fed’s got some big decisions to make on faster payments

07/21/17

For the last two years, the central bank has allowed the private sector to drive a process aimed at modernizing the nation's payments system. Now the Fed will have to determine what its own role will be.

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Fed panel puts faster payments on three-year track

07/20/17

An influential task force established by the central bank envisions a future in which the U.S. has multiple real-time payment systems, and in a new report it lays out a series of actions that will be necessary to stitch them together.

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Vantiv/Worldpay merger; ‘Tough spell’ for banks

07/05/17

American card processor has a deal for its British counterpart; after passing Fed tests, banks still stressed by weak lending, low interest rates.

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Small banks deemed ill-prepared for coming payments revolution

06/30/17

Though they face an array of competitive threats — from digital currencies to peer-to-peer payment apps — the vast majority of community banks do not have a payments strategy, according to a recent survey.

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Better isn’t good enough in improving global payments system

06/13/17

Payments professionals have done too little to leverage transformational changes in technology to improve the overall client experience.

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