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

Credit Card Interest Rates Rise To Near-Record Levels

Credit Card Interest Rates Rise To Near-Record Levels
Credit Card Interest Rates Rise To Near-Record Levels
October 09, 2019  |  Economy

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. Get the Full...

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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach
Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach
September 27, 2019  |  News

Today in the payments news roundup, the U.S. House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the...

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Congress Presses Fed On Real-Time Payments Plan
Congress Presses Fed On Real-Time Payments Plan
September 27, 2019  |  B2B Payments

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow, its proposed real-time payments infrastructure under the...

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26 EU Central Bankers Set To Grill Libra Execs Today
26 EU Central Bankers Set To Grill Libra Execs Today
September 15, 2019  |  Cryptocurrency

Libra Association representatives are getting ready to face questioning by 26 central banks over the potential peril the proposed cryptocurrency poses to financial strength, the...

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How AI Makes Claims Payouts Faster And Smarter
How AI Makes Claims Payouts Faster And Smarter
September 05, 2019  |  Disbursements

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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B2B’s Summer Of Faster, Integrated Payments
B2B’s Summer Of Faster, Integrated Payments
September 02, 2019  |  B2B Payments

For B2B payments, this summer was a season of technological progress. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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World Central Bankers Discuss Global Crypto Alternative
World Central Bankers Discuss Global Crypto Alternative
August 25, 2019  |  Cryptocurrency

The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported...

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Fed Names FedNow Faster Payments Chief
Fed Names FedNow Faster Payments Chief
August 15, 2019  |  Personnel

The Federal Reserve has announced a leader of the new FedNow service, which was created to facilitate faster payments in the country with interbank real-time...

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