The Payments Association
FEBRUARY 10, 2025
The primary focus on monitoring master accounts leaves an oversight gap that can be exploited for illicit financial activities. Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks.
PYMNTS
JUNE 1, 2020
Edwards termed real-time payments “an ACH killer … it’s moving today’s batch process of banks exchanging files with each other to a Federal Reserve centric master account to an ‘instant’ way for banks to do it.”. Cross-Border Friction — And Bitcoins And Blockchain.
The Fintech Times
JULY 24, 2024
Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management. “Banks have a difficult choice between TCH’s RTP network and the new kid on the block, FedNow.
PYMNTS
DECEMBER 7, 2020
The issue is that, Facebook aside, many of these coins, which are in the process of being launched or even yet to be conceptualized, will be “minted” by a slew of smaller FinTech and non-bank companies (including those focused on blockchain ), with relatively limited resources to devote to hurdling regulatory challenges.
The Payments Association
MARCH 18, 2025
CBDCs remain of interest, but uncertainties persistinteroperability with USDC, blockchain choice, supply limits, and cross-border use. One notable change is the removal of “reputational risk” as a consideration when evaluating applications for master accounts.
The Payments Association
JANUARY 31, 2025
It further undertakes “ to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy ” Highlights of the Order are outlined below. Fact Sheet ) The Working Group will be chaired by David Sacks, the special advisor for AI and Crypto.
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