Faster payments

Visa CEO Kelly breaks with big banks on need for faster payments

05/29/19

Banks and governments around the world have invested in systems that seek to instantly transfer money between accounts, moves that could put pressure on the sprawling debit-card business at the world’s largest payments network. But Visa Inc. Chief Executive Officer Al Kelly isn’t too worried.

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Fed should step aside on real-time payments

05/15/19

The private sector will be able to provide more efficient and innovative technologies for the industry.

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JPMorgan, Microsoft strike blockchain partnership

05/03/19

The bank is hoping the venture will encourage more companies to use Quorum, the Ethereum-based blockchain it built five years ago.

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Wells in denial, faster-payments backtrack, delinquency uptick: Top stories of the week

04/12/19

Wells Fargo and the denial stage of recovery; community bankers alarmed after big banks backtrack on faster-payments pricing; credit card, auto loan delinquencies hit seven-year high; and more from this week's most-read stories.

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Fed entry into real-time payments would do more harm than good

04/12/19

Arguments that the central bank should develop its own system for faster payments ignore current market realities, argues The Clearing House, which has developed its own network.

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Community bankers alarmed after big banks backtrack on faster-payments pricing

04/10/19

In 2016, a big-bank consortium said that it would charge the same prices to all institutions, regardless of their size. But now the group has added a large caveat to that pledge.

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Are global regulators gunning for big tech?

04/02/19

Randal Quarles, a senior Fed official and chair of the Financial Stability Board, sparked debate with a speech about the risks and rewards of companies like Amazon, Facebook and Apple entering the financial system.

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Peace offering made to small financial institutions on fast payments

03/29/19

The Clearing House announced moves to attract community banks and credit unions to its real-time payments system. Smaller depositories have generally been reluctant to sign up with what is seen as a large-bank effort.

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Fed pumps the brakes on Nacha plan for faster Same-Day ACH

03/13/19

After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been denied by the Federal Reserve, which says it has to obtain public comment on the concept.

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'Why does a check take as long to clear today as it did in 1982?'

03/05/19

The slow U.S. adoption of real-time payments hurts half of Americans who live paycheck to paycheck, says Aaron Klein, a fellow at the Brookings Institution.

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