Around the Fed: Perspectives on Payments and Technology
Explore recent articles that highlight trends, examine relevant studies and provide perspectives on how current and emerging technologies may alter the payments landscape.
Explore recent articles that highlight trends, examine relevant studies and provide perspectives on how current and emerging technologies may alter the payments landscape.
Payments leaders gathered in person and virtually at the annual Chicago Payments Symposium to discuss industry trends, innovations and ways to better serve customers.
Central banks around the world, including the Federal Reserve, are exploring the potential for central bank digital currency (CBDC), a digital liability of a central bank that is widely available to the general public.
The annual Chicago Payments Symposium focused on “Activating Next Gen Use Cases,” including global innovations in faster and instant payments, digital currency, new financial technologies and the importance of financial inclusion.
In a recent paper, the Federal Reserve looked at opportunities to enhance economic mobility and resilience for those without access to digital payments, especially those relying on cash as a primary payment method and without access to a traditional bank account.
Over the past two decades, the Chicago Payments Symposium has been an independent forum where payments industry thought leaders and policymakers gather to learn, debate and share provocative ideas – and ultimately, use those ideas to help shape the future of payments.
The Federal Reserve recently released its 2019 Survey of Consumer Payment Choice, the 12th in a series of annual studies that provide a comprehensive understanding of how U.S. consumers make payments.
This January marked the five year anniversary of the release of the Strategies for Improving the U.S. Payment System (PDF) paper. Developed in consultation with industry stakeholders, the paper established our collaborative initiative to improve the payment system and has underpinned many of the Federal Reserve’s efforts to date.
What’s happening in U.S. payments these days? Ask the Federal Reserve. In its role as the central bank of the United States, the Fed regularly conducts studies to help policymakers, the industry and the public better understand – and improve – the U.S. payment system. The Fed recently provided new insights on payments methods and trends by publishing not one, not two, but three bellwether studies in December 2019. Here’s a roundup of this research.
In response to industry comments on its Federal Register notice (Off-site), the Board of Governors of the Federal Reserve System has approved modifications to the Federal Reserve Banks’ FedACH® Service, National Settlement Service (NSS) and Fedwire® Funds Service to help facilitate adoption of a later Same Day automated clearing house …