Faster payments

Democrats try to force Fed's hand on faster payments

07/24/19

Lawmakers including presidential hopeful Elizabeth Warren have introduced a bill that would put the Federal Reserve in charge of creating its own real-time payments network.

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Inside Citi's plan to combat business payments fraud with AI

07/15/19

The bank is taking a concept that has worked for years in the credit card world — artificial-intelligence-based fraud detection — and applying it to corporate customers' transactions.

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Will banks take 'self-driving' payroll for a spin?

06/05/19

On-demand wage delivery has caught on in other industries. Banks have taken notice.

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Fed official hits back at criticism of central bank’s payments role

06/03/19

Competition from the public sector in payment services has benefited the public and should not be discounted in the development of a real-time system, said Kansas City Fed chief Esther George.

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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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