Title:Federal Reserve: Progress in Advancing the U.S. Payment System
Summary:It’s been nearly five years since the Federal Reserve published the Strategies for Improving the U.S. Payment System (SIPS) paper, a seminal work in guiding the nation’s payment industry toward a faster, safer and more efficient payment system in the United States. The new Fall 2019 Progress Report (PDF) summarizes the most recent payments improvement accomplishments.
PublishDate:10/16/2019 12:00:00 AM
Title:Join WesPay’s Member Town Hall to Review FedNow Service Proposal
Summary:Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow℠ Service, to support faster payments in the United States. The rapid evolution of technology presents a pivotal opportunity for the Federal Reserve and the payment industry to modernize the nation's payment system and establish a safe and efficient foundation for the future.
PublishDate:9/24/2019 12:00:00 AM
Title:Bill Schoch Comments on FedNow for CreditUnion.com
Summary:Schoch says he can see more appeal for real time among P2P users than business users. The former are individuals who don’t want to wait a couple days for relatively small transactions to settle, whereas businesses that move large amounts of cash like to hold onto that cash for as long as they can, something batch processing accommodates.
PublishDate:9/10/2019 12:00:00 AM
Title:Cybersecurity and Infrastructure Security Agency - Ransomware Outbreak
Summary:Ransomware has rapidly emerged as the most visible cybersecurity risk playing out across our nation’s networks, locking up
private sector organizations and government agencies alike. And that’s only what we’re seeing – many more infections are going unreported, ransoms are being paid, and the vicious ransomware cycle continues on.
PublishDate:9/5/2019 12:00:00 AM