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The payment protocol, years in the making, includes more information for transactions, aiding real-time processing, international commerce, risk management and overall accuracy. But it also requires a lot of work.
October 1
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Password requirements are often needlessly complex, according to the standards-setting body, which has proposed rules for government agencies.
October 1
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Multiple lenders recruited and promoted from within to fill leadership posts. Orrstown Financial Services disclosed the retirement of its planned CEO successor.
October 1
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The Consumer Financial Protection Bureau issued an advisory opinion warning to debt collectors that they cannot rely only on information from a medical provider to collect a debt.
October 1
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Federal Reserve Gov. Lisa Cook called for weighing the costs and benefits of artificial intelligence, and flagged bias and fraud as areas of concern.
October 1
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The Federal Reserve's apparent unwillingness to disclose volumetric details about banks' use of its proprietary faster payments network suggests the central bank is hiding something. That something could be the slow death of faster payments as the new normal.
October 1
American Banker -
The Federal Housing Finance Agency has proposed a change to capital rules on interest-bearing deposit accounts that would increase the Federal Home Loan Banks' flexibility to manage liquidity during times of stress.
October 1
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The Chicago-based bank said it would acquire First Security Bancorp in Elmwood Park. The transaction would push it close to $10 billion of assets.
October 1
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Bank of Nova Scotia shuffled the leadership of its capital-markets business as it looks to increase its presence in the United States.
October 1
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The change, one among several at the firm's top, follows on a year that executives have deemed one of the firm's most difficult in decades.
October 1
