From 2012 to 2015, credit and debit (including prepaid and non-prepaid) card payments continued to gain ground in the payments landscape, accounting for more than two-thirds of all core noncash payments in the United States, according to a Federal Reserve study of U.S. non-cash payments released December 22, 2016. Automated Clearing …
That is the question. At least, it seems to be one of the questions swirling in industry conversations and press coverage about the faster payments strategy described in our Strategies for Improving the U.S. Payment System paper published two weeks ago. There are passionate industry voices on both sides of …
The Federal Reserve System is pleased to release Strategies for Improving the U.S. Payment System, a multi-faceted plan for collaborating with payment system stakeholders to enhance the speed, safety and efficiency of the U.S. payment system. Read it here (PDF). Read the paper today, then join Kansas City Fed President …
A U.S. payment system that is safe, efficient and broadly accessible is vital to the U.S. economy, and the Federal Reserve plays an important role in promoting these qualities as a leader, catalyst for change and provider of payment services to financial institutions and the U.S. Treasury. The Federal Reserve …