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

Wells Faces Continued Scrutiny After Scandals

Wells Faces Continued Scrutiny After Scandals
Wells Faces Continued Scrutiny After Scandals
January 24, 2020  |  Bank Regulation

Wells Fargo’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are...

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Visa’s Plaid FinTech Play, RTP And BNPL Top This Week’s News
Visa’s Plaid FinTech Play, RTP And BNPL Top This Week’s News
January 17, 2020  |  News

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and...

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Fed Study: Wholesale Payments Vulnerable In Bank Cyberattack
Fed Study: Wholesale Payments Vulnerable In Bank Cyberattack
January 15, 2020  |  Cybersecurity

A pre-mortem analysis sounds … ominous. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Community Banks Embrace Faster Payments’ Competitive Edge
Community Banks Embrace Faster Payments’ Competitive Edge
January 06, 2020  |  B2B Payments

Community banks are pushing for a stronger role with their small business (SMB) customers. Yet, the broader perception of smaller financial institutions (FIs) in the...

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A Faster Payments Fix For School Invoice Woes
A Faster Payments Fix For School Invoice Woes
December 30, 2019  |  Real-Time Payments

Despite the demonstrated benefits, the adoption of real-time payments has not been, well, particularly speedy. Many businesses cite the lack of ubiquity and high upfront...

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Data Dive: Dust-Ups, Hiccups And POS Attacks Edition
Data Dive: Dust-Ups, Hiccups And POS Attacks Edition
December 23, 2019  |  Today In Data

While peace on earth and goodwill toward men tends to be the theme in the last two weeks of the year, payments and commerce has...

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Consumer Spending Drives US GDP Up 2 Pct
Consumer Spending Drives US GDP Up 2 Pct
December 22, 2019  |  Economy

With the current U.S. economy indicating brief warning signals of a slowdown in the last quarter to a .5 percent annual rate or lower, the...

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Fed Data: Non-Cash Payments Grow 6.7 Pct Per Year From 2015-2018
Fed Data: Non-Cash Payments Grow 6.7 Pct Per Year From 2015-2018
December 19, 2019  |  Payment Methods

With the ongoing decline of checks, the growth of payments by debit and credit cards continued to speed up from 2015 to 2018, per Federal...

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