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

Top News In Payments: Bank Closings Hit Rural Areas; Kaspersky Highlights Rise Of Fake Notifications

Top News In Payments: Bank Closings Hit Rural Areas; Kaspersky Highlights Rise Of Fake Notifications
Top News In Payments: Bank Closings Hit Rural Areas; Kaspersky Highlights Rise Of Fake Notifications
November 26, 2019  |  News

In today’s top payments news, more than half of the 3,114 counties in the United States lost bank branches from 2012 to 2017. Also, cybersecurity...

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Bank Branch Closings Take Toll On Rural Communities 
Bank Branch Closings Take Toll On Rural Communities 
November 26, 2019  |  Banking

More than half of the 3,114 counties in the U.S. lost bank branches between 2012 and 2017, with rural areas feeling the brunt of the...

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Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims
Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO...
November 22, 2019  |  News

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve...

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Security Concerns Prompt Fed To Strengthen Big Tech Oversight
Security Concerns Prompt Fed To Strengthen Big Tech Oversight
November 22, 2019  |  Cybersecurity

Ongoing security concerns have prompted the Federal Reserve to further scrutinize big tech firms that serve the banking industry, The Wall Street Journal (WSJ) reported...

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Ingo Money Dives Into Real-Time Payments Ubiquity Challenges
Ingo Money Dives Into Real-Time Payments Ubiquity Challenges
November 13, 2019  |  B2B Payments

Faster payments continue to gain traction in the U.S., as service providers old and new introduce more options for consumer and business payers to move...

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FTC Head: Fed Needs Real-Time Payments Mechanism
FTC Head: Fed Needs Real-Time Payments Mechanism
November 08, 2019  |  Real-Time Payments

Federal Trade Commission (FTC) Commissioner Rohit Chopra wrote a letter to the Federal Reserve saying projects like Libra (Facebook’s proposed cryptocurrency) illustrate the need for...

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What eInvoicing Standardization Could Mean For AP Automation
What eInvoicing Standardization Could Mean For AP Automation
October 25, 2019  |  B2B Payments

As the U.S. Federal Reserve continues to make headway in promoting faster and real-time payments innovation and adoption, the body is simultaneously exploring a less...

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Former Fed Nominee Moore Announces New Stablecoin
Former Fed Nominee Moore Announces New Stablecoin
October 21, 2019  |  Cryptocurrency

Economist Stephen Moore, who recently lost out on a bid to join the board of the Federal Reserve, is looking to launch his own cryptocurrency...

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