Faster payments

Fed launches study of causes and effects of payments fraud


The announcement comes after a Federal Reserve Board task force issued a report in September that said it would further examine options for modernizing the U.S. payments system.


BBVA-backed fintech launches global bank account


Denizen is designed for expats and migrants to receive money and make payments without international transfer fees or currency exchanges.


MoneyGram pilot is important real-world test for Ripple's payments plan


The San Francisco startup behind the cryptocurrency XRP claims it can send money around the world faster, cheaper and with greater transparency.


As insurers drown in paper, banks see a digital opportunity


Some firms are investing in technology to help insurance clients shift to paperless payment processing.


Citi adds speed and markets as cross-border battle heats up


Banks and fintechs are competing heavily to modernize cross-border payments, and Citi is using its upgraded treasury unit add speed to its own international cross-border digital payments capabilities in more than 60 countries.


Federal Reserve taps Boston Fed COO to head payments task force


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


The real-world impact of real-time payments


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.


R3 to take on Ripple with cross-border payments blockchain


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.


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


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


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


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.