Payments Source
JANUARY 5, 2021
at risk of falling behind other countries in the race to support faster payment processing. Several government agencies have made deeper moves into crypto oversight, leaving a trail of angry executives and unresolved political questions. And there's still no sign of a central bank digital currency, leaving the U.S.
Payments Source
AUGUST 13, 2020
Appearing to support decentralized systems, the acting comptroller of the currency said on a podcast that "the ultimate public ownership of the payment rails is when you have a network, like the internet, of interconnected institutions and computers.".
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PYMNTS
JUNE 8, 2016
June’s Faster Payments Tracker™ features an inside look at how the Office of the Comptroller of the Currency, a member of the Fed’s Faster Payments Taskforce, is facilitating the country’s transition to an economy of rapid transactions. What’s happening in the movement toward Faster Payments.
Payments Source
DECEMBER 20, 2018
The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.
PYMNTS
SEPTEMBER 24, 2020
With supply chains under enormous strain already and businesses grappling with the stresses of [the] coronavirus, it is essential to ensure supplier payments are not delayed.". OCC Clears Banks For Stablecoin. The OCC said these banks and savings associations are allowed to hold "reserves" on behalf of clients using stablecoin.
PYMNTS
AUGUST 3, 2020
’ ongoing development of a faster payments ecosystem has created space for digital assets and blockchain to play an increasingly important role in the landscape. 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.
FICO
DECEMBER 20, 2018
Emerging payment solutions — mobile wallets and P2P payment networks most notably — are slowly but steadily displacing legacy payment options like cash and checks and cementing themselves in the day-to-day lives of consumers (particularly Millennials and Gen Zers). and Europe, will only accelerate this trend.
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