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

Fed Study: Electronic Devices Used In 24 Pct. Of Consumer Payments

Fed Study: Electronic Devices Used In 24 Pct. Of Consumer Payments
Fed Study: Electronic Devices Used In 24 Pct. Of Consumer Payments
December 09, 2019  |  Payment Methods

Cards over cash – specifically, debit cards over cash. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Fed Study: US Consumers Make Average Monthly Payments Of $3,999
Fed Study: US Consumers Make Average Monthly Payments Of $3,999
December 06, 2019  |  Payment Methods

In the fifth official study conducted by the Federal Reserve Banks of Atlanta, Boston, Richmond and San Francisco, the 2018 Diary of Consumer Payment Choice...

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Fed Becomes Founding Sponsor Of Faster Payments Council
Fed Becomes Founding Sponsor Of Faster Payments Council
December 05, 2019  |  Real-Time Payments

The Federal Reserve System has joined the U.S. Faster Payments Council (FPC) as a founding sponsor, the Fed announced in a press release on Thursday...

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Federal Reserve Ups Payment Services Fees By 2.4 Pct.
Federal Reserve Ups Payment Services Fees By 2.4 Pct.
December 02, 2019  |  Payment Methods

The Federal Reserve Board has approved a new fee schedule for payment services in 2020 that is overall 2.4 percent higher than 2019, the Fed...

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Top News In Payments: Bank Closings Hit Rural Areas; Kaspersky Highlights Rise Of Fake Notifications
Top News In Payments: Bank Closings Hit Rural Areas; Kaspersky Highlights Rise Of Fake Notifications
November 26, 2019  |  News

In today’s top payments news, more than half of the 3,114 counties in the United States lost bank branches from 2012 to 2017. Also, cybersecurity...

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Bank Branch Closings Take Toll On Rural Communities 
Bank Branch Closings Take Toll On Rural Communities 
November 26, 2019  |  Banking

More than half of the 3,114 counties in the U.S. lost bank branches between 2012 and 2017, with rural areas feeling the brunt of the...

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Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims
Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO...
November 22, 2019  |  News

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve...

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Security Concerns Prompt Fed To Strengthen Big Tech Oversight
Security Concerns Prompt Fed To Strengthen Big Tech Oversight
November 22, 2019  |  Cybersecurity

Ongoing security concerns have prompted the Federal Reserve to further scrutinize big tech firms that serve the banking industry, The Wall Street Journal (WSJ) reported...

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