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

A Faster Payments Fix For School Invoice Woes

A Faster Payments Fix For School Invoice Woes
A Faster Payments Fix For School Invoice Woes
December 30, 2019  |  Real-Time Payments

Despite the demonstrated benefits, the adoption of real-time payments has not been, well, particularly speedy. Many businesses cite the lack of ubiquity and high upfront...

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Data Dive: Dust-Ups, Hiccups And POS Attacks Edition
Data Dive: Dust-Ups, Hiccups And POS Attacks Edition
December 23, 2019  |  Today In Data

While peace on earth and goodwill toward men tends to be the theme in the last two weeks of the year, payments and commerce has...

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Consumer Spending Drives US GDP Up 2 Pct
Consumer Spending Drives US GDP Up 2 Pct
December 22, 2019  |  Economy

With the current U.S. economy indicating brief warning signals of a slowdown in the last quarter to a .5 percent annual rate or lower, the...

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Fed Data: Non-Cash Payments Grow 6.7 Pct Per Year From 2015-2018
Fed Data: Non-Cash Payments Grow 6.7 Pct Per Year From 2015-2018
December 19, 2019  |  Payment Methods

With the ongoing decline of checks, the growth of payments by debit and credit cards continued to speed up from 2015 to 2018, per Federal...

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Fed Hiccup Delays Direct Deposits
Fed Hiccup Delays Direct Deposits
December 19, 2019  |  Real-Time Payments

With a problem at the Federal Reserve that has since reportedly been fixed, direct deposits, as well as other financial transactions, were delayed on Thursday...

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New Saga Crypto Implements AML, KYC Checks
New Saga Crypto Implements AML, KYC Checks
December 19, 2019  |  Cryptocurrency

A new form of cryptocurrency, called Saga, launched this week, with an eye toward answering some of the looming questions about the form. Saga was...

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Fed’s Brainard: Stablecoins Pose Risk To Consumers
Fed’s Brainard: Stablecoins Pose Risk To Consumers
December 18, 2019  |  Cryptocurrency

Federal Reserve Gov. Lael Brainard on Wednesday (Dec. 18) outlined key risks associated with cryptocurrency in general and Facebook’s Libra in particular. Get the Full...

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Google Offers Advice To The Fed On FedNow
Google Offers Advice To The Fed On FedNow
December 17, 2019  |  News

Google sent a letter to the Federal Reserve, asking the U.S. central bank to consider modeling FedNow after the Unified Payments Interface (UPI) framework used in...

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