federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

(source: federalreserve.gov)

Merchant Advisory Group Claims No Reduction in Actual Swipe Rates Since Durbin
Merchant Advisory Group Claims No Reduction in Actual Swipe Rates Since Durbin
January 26, 2015  |  News

The Merchant Advisory Group has uncovered a serious imbalance between what debit card issuers and merchants are paying per transaction. In a white paper titled “Volume...

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Fed: Loan Demand Up, Big Borrowers More Confident
Fed: Loan Demand Up, Big Borrowers More Confident
January 16, 2015  |  B2B Payments

The Federal Reserve says demand for bank loans is increasing — if only mildly — and so are credit quality and demand for banking services,...

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Consumers Borrowed More In November, But Paid Off Credit Cards
Consumers Borrowed More In November, But Paid Off Credit Cards
January 12, 2015  |  News

Consumer borrowing in the U.S. increased by $14.1 billion in November, but revolving credit-card debt fell by $946 million, according to a monthly report from...

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Fed: Faster Payments Depend On Security, Standards And Bank Buy-In
Fed: Faster Payments Depend On Security, Standards And Bank Buy-In
December 31, 2014  |  B2B Payments

The U.S. payments industry lacks common standards for interoperability, and that’s standing in the way of faster payments and better payments security. That’s the conclusion...

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U.S. Credit Card Debt Set To Reach Pre-Recession Levels
U.S. Credit Card Debt Set To Reach Pre-Recession Levels
September 16, 2014  |  Cool

U.S. consumers racked up credit-card debt in Q2 twice as fast as at any time since the recession — and credit-card charge-off rates appear to...

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Federal Reserve To Insist On Realtime Payments
Federal Reserve To Insist On Realtime Payments
September 10, 2014  |  News

The Federal Reserve banks have prepared a multi-year plan that will a realtime payment system in the U.S., according to a report in The American...

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Millennial Power-Users Are Shaking Prepaid Assumptions, Says Philly Fed Study
Millennial Power-Users Are Shaking Prepaid Assumptions, Says Philly Fed Study
September 09, 2014  |  In Depth

High-income Millennials are rapidly dismantling the idea that prepaid cards are only for lower-income and unbanked users in the U.S. That’s the conclusion of a...

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Does Mobile Payments Need To Be Regulated?
Does Mobile Payments Need To Be Regulated?
September 08, 2014  |  In Depth

How should one regulate the mobile payments marketplace?  Does it even need more regulation, given that the banking, tech and card services companies that comprise...

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Bitcoin-based Crowdfunding Raises $125K for Assassination
Bitcoin-based Crowdfunding Raises $125K for Assassination
May 07, 2014  |  News

This particular website is only accepting bitcoins to protect the identity of crowdfunders and assassins through their financial transactions.

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