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.

Faster Payments 41

Faster Payments Office of the Comptroller of the Currency NACHA Direct Deposit 41

PYMNTS

SEPTEMBER 24, 2020

When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. 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.".

Office of the Comptroller of the Currency 75

Office of the Comptroller of the Currency B2B OCC SWIFT 75

Payments Source

SEPTEMBER 19, 2018

The Office of the Comptroller of the Currency has been taking the lead on a federal license for fintech firms, but the central bank will decide if such companies can access the payments system and other benefits.

Office of the Comptroller of the Currency 63

Office of the Comptroller of the Currency Fed FinTech Central Bank 63

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.

Office of the Comptroller of the Currency 62

Office of the Comptroller of the Currency OCC Federal Reserve FDIC 62

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.

Real Time Payments 117

Real Time Payments Office of the Comptroller of the Currency Treasury Settlement 117

PYMNTS

AUGUST 7, 2019

Regulatory efforts through the Office of the Comptroller of the Currency aim to connect FinTechs with the opportunity to apply for a national bank charter, an initiative that has been met with criticism and legal action. s payments ecosystem. For instance, in the U.K., Meanwhile, in the U.S.,

Office of the Comptroller of the Currency 72

Office of the Comptroller of the Currency Payment APIs and Integration Federal Reserve Small Business 72

PYMNTS

JUNE 11, 2019

The bank also operates an API platform that includes the ability to integrate wire payment functionality. While Axos supports ACH payments, and while Garrabrants said the bank is embracing faster payment functionality, in small business banking, these advancements in payments technology must be carefully applied to the SMB community.

Office of the Comptroller of the Currency 60

Office of the Comptroller of the Currency Small Business Payment APIs and Integration Third-Party Service Provider 60