PYMNTS

SEPTEMBER 23, 2020

In today’s top news in digital-first banking, the Office of the Comptroller of the Currency (OCC) has issued stablecoin guidance, and Deutsche Bank intends to decrease the size of its brick-and-mortar footprint. Plus, Mesh Payments has launched a cardless payment offering that makes recurring and one-time payments easier.

OCC

PYMNTS

JULY 22, 2020

Banks chartered by the federal government can offer digital currency custody services, the Office of the Comptroller of the Currency (OCC) said in a Wednesday (July 22) announcement. In other news, South Korea intends to levy a two-tenths tax on income made via digital currency transactions, The Block reported.

OCC

PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. Acting Comptroller of the Currency Brian P.

Office of the Comptroller of the Currency

Fintech Finance

DECEMBER 9, 2024

AGENDA HIGHLIGHTS: The Next Generation of Payments Enhancing Convenient and Secure Access to Financial Services The Next Digital Revolution Global Mobile Wallets and Super-apps Blockchain and Cryptocurrency Adoption Cross-Border Payment Innovations The Future of Financial Crime Levels of Connection – 2.0 Morgan Chase & Co.

Office of the Comptroller of the Currency

PYMNTS

DECEMBER 24, 2020

If one measures success for digital currencies in buzz — and in price appreciation for many of the marquee names — then 2020 stands out as a banner year. Dollars Done Digitally. For now, simply exploring the feasibility of digital fiat is top of mind. It all depends on how you look at it — and where you look, of course.

Federal Reserve

PYMNTS

JANUARY 21, 2021

Former Ripple advisor and Treasury Department official Michael Barr is anticipated to head the Office of the Comptroller of the Currency (OCC) under President Joe Biden. Biden’s Treasury Pick Yellen Leary Of Crypto.

OCC

PYMNTS

NOVEMBER 4, 2020

In September, the Office of the Comptroller of the Currency (OCC) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins (those coins have to have a one-to-one relationship with a fiat currency).

Bitcoin

PYMNTS

AUGUST 3, 2020

More recently, Visa issued public support of bitcoin and other digital assets in a July blog post that similarly highlighted opportunities in real-time payments. “That day made an earthquake in digital assets, because to me, it takes the narrative off the table that the government is going to ban bitcoin,” she said.

Real Time Payments

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

Money Laundering

PYMNTS

APRIL 29, 2019

FIS, Fiserv or Infosys will be tapped to provide the processing software for Robinhood’s upcoming mobile bank if it receives approval from the Office of the Comptroller of the Currency. Robinhood ran into trouble with regulators and was forced to remove all material on the product from its website.

Office of the Comptroller of the Currency

PYMNTS

JANUARY 24, 2020

The Office of the Comptroller of the Currency (OCC) is putting together “ so-called notices of charges ” against 10 people, although settlements could be extended to some, sources have said. Central Banks Team On Digital Currency Standards And Use Cases. He will also have to pay $17.5 But as reported Tuesday (Jan.

Online and Mobile Banking

PYMNTS

AUGUST 5, 2019

The Office of the Comptroller of the Currency (OCC) said via press release that it will realign about 150 staff members in two new units, tied to bank supervision support, risk analysis and the oversight of national trust banks and important service providers. Crypto Makes a Hill Appearance.

FTC

PYMNTS

JUNE 10, 2016

Officials at the Office of the Comptroller of the Currency (OCC), the national bank regulator, told the Boston startup they would weigh its request. “We need to be open to discussing it and working through it,” said Comptroller of the Currency Thomas Curry, referring generally to bank charters for FinTech companies.

Regulations

PYMNTS

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level. Top Performers.

Fraud Prevention

PYMNTS

AUGUST 7, 2018

The Office of the Comptroller of the Currency has said in the past week that it has invited FinTechs to seek national charters. And yet might all of these trends be unsettled in short order? The stage is being set for a whole new regulatory landscape for FinTech, as noted at the beginning of this month.

FinTech

CB Insights

MARCH 8, 2018

Fast-lane approach: Revolut challenged the conventional go-to market strategy by applying for an easier-to-acquire e-money license and targeting currency exchange rather than current accounts. Revolut initially focused on frequent travelers, a niche they believed was underserved.

Payment APIs and Integration

CB Insights

FEBRUARY 16, 2021

People in underbanked communities, for example, can transact using this form of digital currency, especially if they live in areas where economic uncertainty is a regular concern. This technology allows for the use of a global currency that is, in theory, not subject to localized laws and conditions. A day-to-day currency.

Stablecoins

PYMNTS

JANUARY 26, 2021

In addition, the Office of the Comptroller of the Currency (OCC) has made moves toward broader, more modern payments landscapes, including digital currencies, showing how the landscape is changing between huge legacy companies and newer startups.

Office of the Comptroller of the Currency

PYMNTS

JANUARY 24, 2020

Central banks are teaming up to explore digital currencies, and now Vodafone becomes the latest company to leave the Libra Association. As of this year, Chinese consumers account for about a third of luxury goods sales. Libra: Call it Libra’s death by 1000 cuts?

Office of the Comptroller of the Currency

PYMNTS

DECEMBER 9, 2020

BitPay has filed with the Office of the Comptroller of the Currency (OCC) to set up a federally regulated bank called the BitPay National Trust Bank, which will be headquartered in Georgia. BitPay , a cryptocurrency payments firm, has filed to become a national bank in the U.S.,

Office of the Comptroller of the Currency

PYMNTS

JANUARY 21, 2021

Former Ripple advisor and Treasury Department official Michael Barr is anticipated to head the Office of the Comptroller of the Currency (OCC) under President Joe Biden, the Wall Street Journal reported on Thursday (Jan. Digital currency could be used to fund cyberattacks and sidestep international sanctions.

OCC

The Payments Association

MARCH 18, 2025

During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). These views highlight the political divisions shaping the debate over the future of digital currency in the United States.

Federal Reserve

The Payments Association

JANUARY 31, 2025

the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’

Stablecoins