BANKING & PAYMENTS
DEVELOPMENTS
How the Federal Reserve Keeps U.S. Payments Moving
Reserve Banks act as a bank for other banks, offering services that allow financial institutions to operate efficiently. They distribute coins and notes, collect deposits, and return unpaid checks. By handling these transactions, the Federal Reserve helps banks provide services to their customers, including cash withdrawals, payroll deposits, and routine payments.
Paystack Reorganizes as It Expands Beyond Payments
The company handles transactions for over 300,000 merchants, many of whom have requested access to credit and other financial products.
How Modern Banking and Payments are Changing Everyday Finance
From digital apps to online transfers, everyday banking is becoming faster, easier, and more accessible for everyone.
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