Faster payments

Wooing millennials or ignoring them?


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.


Fed dodges key decision on faster payments


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.


Federal Reserve names Sapenaro as lead on payments initiatives


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.


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


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.


Fed commits to speeding up payments following task force report


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


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


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.


Fed panel puts faster payments on three-year track


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.


Vantiv/Worldpay merger; ‘Tough spell’ for banks


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


Small banks deemed ill-prepared for coming payments revolution


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.


Better isn’t good enough in improving global payments system


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