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 Acknowledges Roadblocks In ISO 20022 Push
Fed Acknowledges Roadblocks In ISO 20022 Push
June 20, 2016  |  B2B Payments

The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially...

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Bank Stress Tests Bad For Lending, Says BoA
Bank Stress Tests Bad For Lending, Says BoA
June 15, 2016  |  B2B Payments

Bank of America Chief Executive Brian Moynihan is speaking publicly about the potential negative implications of bank stress tests. Reports by The Wall Street Journal this week...

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Putting Banks On The Fast Track Toward Faster Payments
Putting Banks On The Fast Track Toward Faster Payments
June 09, 2016  |  Faster Payments

When regulators talk, the payments ecosystem listens. PYMNTS caught up with Kathleen Oldenborg, the OCC’s Director for Payment Systems Policy, to get her take on...

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Slowing Consumer Credit – A Shape of Things to Come?
Slowing Consumer Credit – A Shape of Things to Come?
June 08, 2016  |  Payment Methods

Amid the lingering questions about when and whether the Fed will raise rates, another data point, or slew of them, came through recently which may...

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No Hurry, But Rate Hike Looms For Sometime This Year (Maybe)
No Hurry, But Rate Hike Looms For Sometime This Year (Maybe)
June 08, 2016  |  Payment Methods

June is out. July looks iffy. But keep an eye out for, possibly, one and done for a Fed boost.

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Fed’s Report Uncovers 50+ Data Breaches
Fed’s Report Uncovers 50+ Data Breaches
June 02, 2016  |  Security & Fraud

Between 2011 and 2015, the U.S. Federal Reserve was targeted in more than 50 cyberattacks. Get the Full Story Complete the form to unlock this...

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Bangladesh Cyberheist Hunt Failing To Yield Results
Bangladesh Cyberheist Hunt Failing To Yield Results
May 25, 2016  |  Security & Fraud

The Bangladesh cyberheist that occurred back in February has created a lot of noise — and spurred a lot of investigations — but what hasn’t...

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Philippine Bank President Quits Amid Heist Scandal
Philippine Bank President Quits Amid Heist Scandal
May 09, 2016  |  International

The cyberheist scandal that hit a large Philippine bank, in connection with a $81 million theft, claimed a victim last week. Get the Full Story...

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