Fed: Big bank cyberattack could have serious spillover effects
A cyberattack on a major U.S. bank could have network effects that could cripple the financial system, a report from the Federal ...
Tag: Federal Reserve
Vital Fed payment system experiences second delay of 2019
The Federal Reserve is investigating the second significant disruption in 2019 of a payments service administered by the U.S. central ...
Fed Governor Brainard highlights Facebook Libra’s risks
Federal Reserve Governor Lael Brainard As large tech and payments companies bail on Facebook’s Libra digital currency project, Federal Reserve ...
CFPB, Federal Reserve Board: AI bias can’t be ignored
Following a recent backlash resulting from allegedly discriminatory underwriting methods for the Apple Card, lenders' moves are facing scrutiny from ...
RTP network transactions growing 25% every month: The Clearing House
The Clearing House reports that its real-time payments (RTP) network is growing more quickly than anticipated. Speaking at an industry ...
ATM manufacturer Diebold Nixdorf adds branch-like capabilities
Against the tide of dropping ATM numbers globally as customer use cash less often, Diebold Nixdorf is adding capabilities to ...
JPMorgan to Up Tech Spending as Higher Rates Boost Revenue
JPMorgan Chase & Co. said it expects to spend much of the windfall from higher interest rates on technology investments ...
Card Use Grows Fast as Check Payments, ATM Withdrawals Continue Decline
The Federal Reserve’s triennial report on payments released last week shows accelerated electronic payments growth, as well as signs that ...
The Clearing House Does Not See the Need for the Fed to Create a Realtime Payment Rail
The Clearing House’s “tremendous effort” to bring realtime payments (RTP) to the entire U.S. banking industry would be stymied if ...
Bank of America SMB Loan Origination Up 6% Despite Crowded Lending Scene
Even with more nontraditional players making more loans to small businesses, loan origination at Bank of America is still up ...
