Federal Bank Regulatory Agencies Seek Comment to Address Payments and Check Fraud
Three bank regulatory agencies request comment on potential actions to help mitigate risk of payments and check fraud.
Federal Reserve to Support Same Day ACH with Extended Operating Hours
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 …
Collaboration in Action: Federal Reserve Joins U.S. Faster Payments Council
Today, the Federal Reserve System announced it has joined the U.S. Faster Payments Council (FPC) (Off-site) as a founding sponsor. As a member, we’ll actively participate in the FPC’s work to facilitate faster payments in the United States, enabling Americans to securely pay anyone, anywhere, at any time with near-immediate …