ISO 20022 migration pushed back to July 14
The Federal Reserve has rescheduled the Fedwire Funds Service's adoption of the ISO 20022 message format to July 14, 2025. It ...
Tag: Federal Reserve
99.6% of instant payments processed on RTP network in 2024
The Clearing House’s Real Time Payments network captured the instant payments market over the Federal Reserve’s FedNow rail in 2024. ...
Barr’s exit as Fed’s top bank cop puts capital rules in doubt
Federal Reserve Vice Chair for Supervision Michael Barr plans to step down from the role, bypassing a potential battle with ...
Capital One, FIBT and Truist tap personalization for deposit retention
Banks are leaning on technology to provide personalized services to retain consumer deposits as the Federal Reserve shifts to lowering ...
Small FIs onboard FedNow for growth, efficiency
As real-time payments become integral to growth strategies, small financial institutions are increasingly signing on with instant payment rail FedNow ...
FedNow could soon expedite FEMA payments for hurricane survivors
Survivors of future natural disasters like last week’s devastating Hurricane Helene, could soon be able to receive Federal Emergency Management ...
Real-time data drives consumer decisions post rate cut
Financial institutions are looking to real-time, data-driven insights to suggest actions clients can take to benefit from last week’s interest ...
Treasury to replace checks with FedNow payments
The U.S. Federal Reserve’s FedNow platform has exceeded expectations in its first year, expanding its reach to 10% of financial ...
FIs adopting RTP mainly as ‘receive-only’
Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using ...
Capital One waiting for regulatory approval of Discover acquisition
As it waits for regulators to approve its $35 billion acquisition of payments network Discover, Capital One is “fully mobilized ...
