Service network expands, Federal Reserve Financial Services is introducing the Innovation Spotlight series to explore use cases that are changing the way businesses and consumers make payments. This series delves into insights and firsthand knowledge that demonstrate how participating financial institutions, certified service providers and ecosystem providers are innovating their products and services with these instant payment use cases in mind ..read more

On May 3, 2024, the Federal Reserve Board announced in a Federal Register notice that it requests comments on a proposal to expand the operating days of the Fedwire Funds Service and the National Settlement Service (NSS) to include weekends and holidays ..read more

Davis Bancorp, a protective services and cash-in-transit company with more than 50 years in the armored car industry, is an advocate for the Cash Visibility industry initiative. As an early adopter, they have been using the Federal Reserve’s E-Manifest Service since April 2023 ..read more

Service disruptions can happen at any time and could derail day-to-day operations. Is your institution prepared? By keeping your business continuity plan up to date, you can stay ahead of these unexpected issues and protect your organization. Below are some tips from Federal Reserve Financial Services ..read more

One mission of the Federal Reserve and its leaders is to support payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments ..read more

There are only eight months left until the Fedwire Funds Offline Service will be retired on Dec. 31, 2024. Have you started to prepare for this change ..read more

Service is designed with the flexibility to deliver instant payment capabilities to participating financial institutions based on the unique needs of their customers or members ..read more

Beginning March 18, 2024, a new case type for processing non-receipt claims from the U.S. Treasury will be available in the Exception Resolution Service. These claims will transition to the new Non-Receipt Claim (NRC) case type from the Payment Trace Request (PTR) case type to provide standardized data entry and enable greater automation for claim resolution ..read more

Effective May 1, 2024, the Federal Reserve Banks will amend Operating Circular 5, Electronic Access, and Operating Circular 7, Fedwire ..read more

In 2023, Federal Reserve Financial Services surveyed 228 risk management professionals to shed light on the evolving payment system risk challenges their financial institutions encounter. The Key Findings from the 2023 Federal Reserve Financial Services Survey of Risk Officers reveals that external fraud and cybersecurity remain primary concerns ..read more