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Swift says its cross-border payments already meet G20 target
The Swift financial transactions and payments network said 89% of cross-border payments are processed over its network in less than an hour, placing its transaction speed ahead of the G20’s...
Fed hosting FedNow town hall this month
The Federal Reserve said it is hosting a town hall meeting this month on the FedNow Service.
N.Y. Fed says digital ledgers feasible for global payments
The Federal Reserve Bank of New York Innovation Center released reports on its research into an interoperable network for wholesale payments using a distributed ledger shared by multiple entities.
ICBA urging grassroots outreach on credit card routing bill
ICBA is calling on community bankers to urge their members of Congress to oppose legislation to impose routing mandates on credit card transactions.
FDIC revises guidance on re-presentment fees following ICBA outreach
The FDIC updated its supervisory guidance on multiple re-presentment nonsufficient funds fees to clarify that it will not ask institutions to conduct a lookback review absent a likelihood of...
Instant Payments and Digital Transformation Go Hand in Hand
At ICBA Bancard, we continue to arm bankers with information and resources to support their instant payments and digital transformation (icba.org/digital-transformation) journeys.
Entering the Era of Instant Payments
On March 15 during the final general session at ICBA LIVE, the Federal Reserve announced that it will launch its much-anticipated FedNow Service in July. With instant payments already a central...
Answering the most common FedNow-related questions
For years, we’ve been waiting in the wings, anticipating the launch of an instant payments service by the Federal Reserve, so it feels surreal to say we’ve arrived.