Faster payments

Federal Reserve taps Boston Fed COO to head payments task force

12/08/17

In the new role, Kenneth Montgomery will lead the Fed’s efforts to reduce fraud risk and improve the security and resiliency of the U.S. payments system

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The real-world impact of real-time payments

11/12/17

As the banking industry moves closer to adopting a faster payments system, bank executives have begun to think through the impact it will have on clients and banks themselves.

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R3 to take on Ripple with cross-border payments blockchain

10/31/17

The bank consortium is going directly after the business of its former partner Ripple in the middle of their legal battle over an option for digital currency worth $1 billion.

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Fed's Powell gives boost to banks in real-time payments race

10/19/17

The Federal Reserve Board governor sketched out a future in which U.S. banks remain at the center of commercial transactions.

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Justice Department gives big banks green light on real-time payments

10/02/17

Following an antitrust review that lasted almost a year, the approval would appear to cement The Clearing House's status as the front-runner in a race to modernize the U.S. payments system.

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Wooing millennials or ignoring them?

09/07/17

Fifth Third's Melissa Stevens targets millennials with new app. Meanwhile, regulators are accused of ignoring millennials. Plus, a Goldman Sachs wealth manager sues for discrimination.

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Fed dodges key decision on faster payments

09/06/17

The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.

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Federal Reserve names Sapenaro as lead on payments initiatives

08/24/17

Dave Sapenaro, first vice president and chief operating officer at the Federal Reserve Bank of St. Louis, will oversee the Fed's payments system improvement initiatives.

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Inside seven plans for a faster U.S. payment system

07/25/17

A task force convened by the Federal Reserve released its evaluations last week of 16 proposals to build a faster U.S. payment system. What follows is a brief look at some of the plans that received high marks.

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Fed commits to speeding up payments following task force report

07/24/17

In early fall, the central bank is expected to announce its next steps regarding how to improve the aging U.S. payments system.

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