Digital payments

Where does Facebook’s digital currency project stand after Zuckerberg testimony?

10/28/19

American Banker Capitol Hill reporter Neil Haggerty shares how the D.C. community reacted to Mark Zuckerberg’s congressional testimony and how they look at the project now.

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Payments system and community banks need FedNow

10/23/19

Congress should get behind the Fed's effort to launch a real-time payments service instead of getting in its way.

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Reg concerns about Libra ‘should be no surprise’: Fed’s Brainard

10/16/19

With policymakers casting doubt on Facebook's cryptocurrency and some of the social media giant's partners pulling out, a Federal Reserve governor continued the drumbeat of criticism.

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Bank earnings season begins; more payments companies quit Facebook’s Libra

10/15/19

Consumer banking is expected to offset the banks’ underperforming Wall Street units; the defections of Visa, Mastercard and Stripe threaten the cyrpto project’s viability before it starts.

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'I don't think we can ignore digital currency'

10/15/19

Banks shouldn't let the legal and regulatory hurdles deter them, attorney Felix Shipkevich says.

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How BBVA picks its fintech partners

10/07/19

Susan French, head of product at BBVA Open Platform, discussed the bank's vetting of fintech partners and how it deals with the competitive threat that their products present.

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What it means for Facebook's Libra to lose PayPal

10/04/19

Facebook's Libra cryptocurrency project has lost its first major ally. PayPal — where the head of Facebook's Libra project once served as president — has cut its ties. As a founding member, PayPal was expected to drive the payment-specific part of the cryptocurrency initiative.

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The public option for real-time payments is taking too long

10/01/19

There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. We're working on a solution that can help our customers right away, says Luanne Cundiff, president and CEO of First State Bank of St. Charles in Missouri.

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Fannie, Freddie to retain earnings; PayPal wins Chinese payments license

10/01/19

The GSEs will hold onto a combined $45 billion as they start the process of going private; PayPal becomes the first foreign firm to win approval to enter the country’s payments market.

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What Charles Scharf’s Visa years say about his plan for payments at Wells

09/27/19

In the payments world, Scharf is best known as the CEO of Visa Inc. from 2012 to 2016, where his strategies for faster payments, fintech partnerships and other key issues may shed light on what Scharf has planned when he becomes CEO of Wells Fargo.

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