Faster payments

Democrats try to force Fed's hand on faster payments


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.


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


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.


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


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


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


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.


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


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.


Fed should step aside on real-time payments


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


JPMorgan, Microsoft strike blockchain partnership


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


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


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.


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


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.


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


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.