Press Releases

Press Releases

• Federal Reserve Banks Pause Fedwire^® Funds Service’s Migration to ISO^® 20022 Messages to Assess Industry Request (09/23/19)
• Federal Reserve Names Ken Montgomery Leader of Newly Announced FedNow^SM Service for Real-Time Gross Settlement of Faster Payments (08/15/19)
• Federal Reserve Announces Plan to Develop a New Round-the-Clock Real-Time Payment and Settlement Service to Support Faster Payments in the United States (Off-site) (08/05/19)
• Federal Reserve System White Paper Examines the Effects of Synthetic Identity Payments Fraud (07/09/19)
• Federal Reserve Requests Comment on Potential Modifications to Operating Hours for the Reserve Banks’ National Settlement Service and Fedwire Funds Service (05/09/19, Off-site)
• Federal Reserve Announces Members of Fraud Definitions Work Group (03/18/19)
• Payments Industry Leaders Launch U.S. Faster Payments Council (11/13/18)
• Federal Reserve Payments Study Finds U.S. Payments Fraud a Small but Growing Fraction of Overall Payments (10/16/18, Off-site)
• Federal Reserve Board Announces ISO 20022 Commentary Period (07/05/18, Off-site)
• Industry Group Takes Step Forward with Release of Draft Faster Payments Governance Framework (04/24/18)
• Federal Reserve to Study Payments Fraud and Security Vulnerabilities (03/29/18)
• Secure Payments Task Force Publishes Payment Lifecycles and Security Profiles (03/16/18)
• Fed Prepares for Next Phase of Payments Security Effort as Secure Payments Task Force Concludes (03/01/18)
• Federal Reserve Payments Study Supplement Points to Accelerated Credit Card Use (12/21/17)
• Federal Reserve Appoints New Payments Security Strategy Leader (12/08/17)
• Federal Reserve Announces ISO 20022 Migration Timeline for the Fedwire^® Funds Service (10/18/17)
• U.S. Faster Payments Governance Framework Formation Team Announced (10/13/17)
• Federal Reserve Outlines Next Steps for Payment System Improvement (09/06/17)
• Federal Reserve Names Strategy Director to Lead Payment System Improvement (08/24/17)
• Federal Reserve Commends Efforts as Faster Payments Task Force Concludes (07/24/17)
• Faster Payments Task Force Unveils Proposals and Sets 2020 Target (07/20/17)
• Federal Reserve Payments Study Highlights Changes in Consumer and Business Payment Choice (06/30/17)
• Federal Reserve Payments Strategy Director Gordon Werkema to Retire (06/16/17)
• Federal Reserve Issues Progress Report on Efforts to Improve U.S. Payment System (01/26/17)
• Federal Reserve Payments Study Highlights Strong Trends in Card Use (12/22/16)
• Proposed Guidelines for Evaluating Joint Account Requests, Request for Comments (12/19/16)
• Secure Payments Task Force Identifies Key Priorities, Seeks Comments (10/25/16)
• Task Forces Begin Review of Faster Payments Solution Proposals (10/04/16)
• Federal Reserve Engages in Effort to Assess Faster Payments Solutions (03/29/16)
• Federal Reserve Issues Progress Report on Strategies for Improving the U.S. Payment System (02/02/16)
• Federal Reserve Appoints Todd Aadland Payments Security Strategy Leader (09/10/15)
• Federal Reserve Appoints Sean Rodriguez Faster Payments Strategy Leader (07/30/15)
• Federal Reserve Announces Steering Committees of New Payments Task Forces (07/21/15)
• Federal Reserve Names Gordon Werkema Payments Strategy Director (05/29/15)
• Federal Reserve Opens Registration for its Payment System Improvement Task Forces (03/16/15)
• Federal Reserve Banks Retail Payments Office Responds to NACHA Same Day ACH Request for Comment (02/06/15)
• Board of Governors Responds to NACHA Same Day ACH Request for Comment (02/06/15)
• Federal Reserve Issues Strategies for Improving the U.S. Payment System (01/26/15)
• Kocherlakota to Chair Federal Reserve’s Financial Services Policy Committee (03/03/14)
• Federal Reserve Banks Laud Industry Response to Consultation Paper and Highlight Next Steps (02/04/14)
• Federal Reserve Banks Solicit Input on Improving the Future U.S. Payment System (09/10/13)
• Cleveland Fed President Highlights Strategic Focus for Federal Reserve Financial Services in Remarks to Payments Industry Leaders (10/22/12)