Faster payments

Fed looks to public to help define role on faster payments

10/03/18

For more than a year, the central bank has been under pressure to speed the development of a real-time payment system. But it faces tough questions about what its own role should be.

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Fed will have the say on key parts of OCC’s fintech charter

09/18/18

The Office of the Comptroller of the Currency has been taking the lead on a federal license for fintech firms, but the central bank will decide if such companies can access the payments system and other benefits.

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Real-time corporate payments not ready for prime time

06/21/18

The quest for fast payments is advancing on the consumer side, but most banks are said to be undecided about a host of issues tied to speeding up transactions between businesses.

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Behind the Fed's effort to squeeze out payments fraud

04/03/18

The central bank is taking a lead role in trying to combat the longstanding problem. A broad study by the Fed aims to measure the extent of payments fraud and to foster more collaboration in thwarting it.

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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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