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Fed dissects consumer use of digital payments

Payments Dive

households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says. While most U.S.

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Scams ensnare even sophisticated consumers, Fed says

Payments Dive

Criminals leverage advanced technology to make so-called mule accounts that pass as humans and persuade consumers to send money to scammers, a Kansas City Fed paper says.

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First US non-Amazon-owned grocer to use palm-scanning tech

Payments Dive

The retail giant is serving as a technology vendor to an independent grocer reopening soon in Kansas City, Missouri.

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Kansas City Fed issues research briefing on buy now, pay later

CFPB Monitor

The Federal Reserve Bank of Kansas City recently issued a research briefing titled “ The Appeal and Proliferation of Buy Now, Pay Later: Consumer and Merchant Perspectives.”. The briefing divides buy now, pay later (BNPL) products into two main types based on how they are offered to consumers.

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Central Payments snags $30M

Payments Dive

The banking-as-a-service company wants to expand its reach as it spins off from the Central Bank of Kansas City.

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This week’s podcast episode: A close look at open banking and the role of data aggregators, with special guests Julian Alcazar, Payments Specialist, Federal Reserve Bank of Kansas City, and Adam Maarec, Senior Director and Associate General Counsel, Capital One

CFPB Monitor

To read an article published by the Federal Reserve Bank of Kansas City and co-authored by Mr. Alcazar, “ Data Aggregators: The Connective Tissue for Open Banking ,” click here. Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation. To listen to the episode, click here.

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Market Commentary: Week of April 11, 2022

SWBC's LenderHub

Last week was highlighted by carnage in the long end of the Treasury yield curve as both Federal Reserve Vice-Chairwoman Lael Brainard and Kansas City Federal Reserve Bank President Esther George took to the airwaves to say that the Fed would be reducing its $8+ trillion balance sheet very soon.