Faster payments

Fed launches study of causes and effects of payments fraud

03/29/18

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.

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BBVA-backed fintech launches global bank account

03/26/18

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

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

01/11/18

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

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As insurers drown in paper, banks see a digital opportunity

12/14/17

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

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

12/12/17

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.

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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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