federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

Source: federalreserve.gov

Today In Payments: DoorDash Acquires Robotic Food Prep Company; RBC Says Apple Pay Should Include Crypto Functionality

Today In Payments: DoorDash Acquires Robotic Food Prep Company; RBC Says Apple Pay Should Include Crypto Functionality
Today In Payments: DoorDash Acquires Robotic Food Prep Company; RBC Says Apple Pay Should Include...
February 09, 2021  |  News

In today’s top news, DoorDash is acquiring food prep company Chowbotics, and an RBC analyst said Apple Pay should develop crypto functionalities. Plus, a report...

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Quevos, Loyalty Programs, Digital Payments Top This Week’s News
Quevos, Loyalty Programs, Digital Payments Top This Week’s News
January 29, 2021  |  The Weekender

In this week’s news, we saw Quevos secure funding, new data on loyalty and rewards programs, and research on how nonprofits are using digital payments....

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Today In Payments: Flywire Could IPO In Late 2021 With A $3 Billion Valuation; Mastercard Debuts NextGen Contactless Technology
Today In Payments: Flywire Could IPO In Late 2021 With A $3 Billion Valuation; Mastercard...
January 26, 2021  |  News

In today’s top news, Flywire could file for an IPO later this year that could value that company at $3 billion, and Mastercard debuted new...

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FedNow Details Pilot Program Participants
FedNow Details Pilot Program Participants
January 25, 2021  |  Real-Time Payments

Instant payments on the horizon — but first the pilot programs. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Today In Digital-First Banking: Goldman Sachs Taps Marqeta To Fuel Marcus Checking; X1 Card Notches $12 Million In Funding
Today In Digital-First Banking: Goldman Sachs Taps Marqeta To Fuel Marcus Checking; X1 Card Notches...
January 14, 2021  |  Banking

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup...

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Fed’s Powell: CBDC Will Be Years, Not Months, Away
Fed’s Powell: CBDC Will Be Years, Not Months, Away
January 14, 2021  |  Payment Methods

U.S. Federal Reserve Chair Jerome Powell said he isn’t in a rush to adopt a central bank digital currency (CBDC) because of the risks such...

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Fed Says Unemployment Rate Tops 20 Pct For Low-Income Workers
Fed Says Unemployment Rate Tops 20 Pct For Low-Income Workers
January 13, 2021  |  Economy

The pandemic is making disparities worse in the country’s economy, Federal Reserve Governor Lael Brainard said in a Wednesday (Jan. 13) speech, with unemployment “likely...

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Fed Report: 2020 Closes Out With Slight Economic Uptick 
Fed Report: 2020 Closes Out With Slight Economic Uptick 
January 13, 2021  |  Economy

The U.S. economy posted slight gains in the pandemic year of 2020, after closing the books on what was one of the most dismal economic...

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