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News
Fed issues biennial report on debit card transactions in 2023
7+ mon, 2+ week ago (312+ words) Recently, the Fed released its eighth biennial report on debit card transactions, providing an in-depth look at industry trends for 2023, pursuant to Section 920 of the EFTA. The report stated that payment card networks processed 100.7 billion debit and prepaid card transactions…...
Fed announces expanded operating days for Fedwire Funds Service and National Settlement Service
10+ mon, 3+ week ago (321+ words) On October 3, the Fed issued a notice to be published in the Federal Register that the Fedwire Funds Service (Fedwire) and National Settlement Service (NSS) will expand their operating days to include Sundays and weekday holidays. Under the new schedule,…...