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 132
article thumbnail

Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. Federal Reserve has introduced a new effort to combat payments fraud. Federal Reserve Tackles Fraud Across Rails.

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

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

FPC 2023 Fall Member Meeting

Faster Payments Council

 Join the Federal Reserve and a panel of early adopters to hear how they built their business cases for the FedNow Service and the lessons learned on their journey towards implementation.

FPC 88
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. “The Keeping Checks In B2B Payments. It’s costly because people run overdrafts or take out short-term loans, and it’s economically inefficient.”.

FedNow 66
article thumbnail

The Top Payment Methods For Small Businesses

Stax

Well highlight the pros and cons of each payment medium to help you narrow down the right options for your company. TL;DR You get to choose from traditional payment methods like cash and checks, online payment methods like digital wallets and ACH transfers, and emerging payment methods like BNPL services and cryptocurrencies.

article thumbnail

An Open Road For Open Banking?

PYMNTS

A paper by the Emerging Payments Association EU found that “In the opinion of all observers, open banking on the one hand and instant payment on the other is the recipe for all tomorrow’s payment solutions.”. the Federal Reserve Bank of Boston said, “To date, U.S.