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

Top News In Payments: Stripe To Power Digital, In-Store Payments For Lightspeed; Fed Weighs Cost And Benefits Of Digital Currency

Top News In Payments: Stripe To Power Digital, In-Store Payments For Lightspeed; Fed Weighs Cost And Benefits Of Digital Currency
Top News In Payments: Stripe To Power Digital, In-Store Payments For Lightspeed; Fed Weighs Cost...
February 06, 2020  |  News

In today’s top payments news, Stripe and Lightspeed team up to advance in-store and online payments for retailers and restaurants, the Federal Reserve weighs the...

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Fed Weighs Costs And Benefits Of Issuing Digital Currency
Fed Weighs Costs And Benefits Of Issuing Digital Currency
February 05, 2020  |  Cryptocurrency

The United States Federal Reserve is examining the possibilities and issues surrounding cryptocurrencies and digital payments, which include whether there would be a benefit to...

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US Banks Tighten Business Loan Underwriting
US Banks Tighten Business Loan Underwriting
February 04, 2020  |  Bank Regulation

As business loan performance drops off, U.S. banks are anticipated to rein in criteria this year, a Federal Reserve (Fed) survey showed on Monday (Feb. 3)....

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Proposed Fed Rules Could Allow Banks To Fund Startups
Proposed Fed Rules Could Allow Banks To Fund Startups
February 02, 2020  |  B2B Payments

A proposed change to a post-financial crisis rule could shake things up for banks, making it easier for them to invest in or sponsor venture...

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Wells Faces Continued Scrutiny After Scandals
Wells Faces Continued Scrutiny After Scandals
January 24, 2020  |  Bank Regulation

Wells Fargo’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are...

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Visa’s Plaid FinTech Play, RTP And BNPL Top This Week’s News
Visa’s Plaid FinTech Play, RTP And BNPL Top This Week’s News
January 17, 2020  |  News

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and...

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Fed Study: Wholesale Payments Vulnerable In Bank Cyberattack
Fed Study: Wholesale Payments Vulnerable In Bank Cyberattack
January 15, 2020  |  Cybersecurity

A pre-mortem analysis sounds … ominous. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Community Banks Embrace Faster Payments’ Competitive Edge
Community Banks Embrace Faster Payments’ Competitive Edge
January 06, 2020  |  B2B Payments

Community banks are pushing for a stronger role with their small business (SMB) customers. Yet, the broader perception of smaller financial institutions (FIs) in the...

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