article thumbnail

SNEAK PEEK: In the mind of the merchant: Top challenges and priorities for the next 12 months

The Payments Association

Participants Emerging trends in merchant payments: The next 12 months The roundtable began with an exploration of emerging payment trends set to shape the industry. Sophie Chandler highlighted how the adoption of alternative payment methods is gaining momentum.

article thumbnail

Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Her speech, entitled “Payment and the Pandemic,” included a section on digital currencies.

Fed
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

First to test the infrastructure will be Siam Cement Public Company, which will adopt the technology for its procurement and supplier payments operations. Emerging payment rails and digital currencies often tout security as a key value-added differentiator over legacy payment rails.

article thumbnail

How The FedNow Service Could Keep Checks In B2B Payments

PYMNTS

But reports also noted that the acceleration of check payments could have significant impact for companies and small businesses that use paper checks to pay vendors or employees. There’s a lot to learn to do it the first time around when embracing faster payments,” he said, “and this slows people down.”.

article thumbnail

FPC 2023 Fall Member Meeting

Faster Payments Council

We will delve into the operational considerations that FIs need to navigate while embracing two instant payment networks. Newer infrastructure platforms are being built using blockchain / distributed ledger technology, posed to remediate the functional inefficiencies of legacy systems across product lines.

FPC
article thumbnail

The Roil Over B2B Payments Rails

PYMNTS

launched its Faster Payments scheme, after the regulator said the banks had to comply, but has amped up ever since, as regulators in a few other countries have followed in the U.K.’s who today already have access to an ubiquitous faster payments scheme called same-day ACH. It may have started in 2007 when the U.K. s footsteps.

B2B
article thumbnail

An Overview of Payment Regulation In The USA

Clearly Payments

Key Regulatory Organizations in The USA Federal Reserve System: The Federal Reserve , often referred to as the Fed, plays a central role in overseeing the nation’s payment systems. It formulates policies, provides services, and conducts research to promote the safety, efficiency, and accessibility of payment systems.