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SNEAK PEAK: PAY360 state of payments survey 2024 findings revealed​

The Payments Association

The industry must focus on technological investments, enhancing security, and addressing regulatory and interoperability challenges to stay competitive. Furthermore, the survey highlights the key challenges faced by the industry, such as cyber-security threats and the need for interoperability between different payment systems.

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Key considerations for the adoption of digital currencies

Finextra

They will need to co-exist with existing clearing and settlement processes and infrastructures, and this means interoperability is crucial. Why interoperability is a key priority In addition to existing systems, it will be crucial to ensure interoperability between DLT networks themselves. billion in April. Let’s explore.

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GENIUS Act Clears the Way for Stablecoin-Powered Embedded Finance

Finextra

These dollars may be digital, but they’re private-sector dollars, not Fed-issued coins. That means JP Morgan’s digital dollars can potentially interoperate with the broader crypto ecosystem – from decentralised finance platforms to other banks’ token networks – without needing a special private ledger or bespoke infrastructure.

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As AI Grows, So Do Its Challenges: Industry Reveals Technology’s Biggest Hurdles

The Fintech Times

Breaking down data silos Jason Pedone, chief technology officer at Aspida AI only works if it is constantly being fed new data and information to work off of. “The primary challenge most organisations will need to overcome is breaking down data silos. .

AI
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Fed, TCH joust over interoperability

Payments Dive

When it comes to bridging the FedNow and RTP networks, officials at the Federal Reserve and The Clearing House have slightly different priorities.

TCH
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Big Tech Companies Throw Support Behind Fed Creating Real-Time Payments Network

PYMNTS

According to a report in the American Banker citing a letter submitted by a trade group representing Amazon, Apple, Google, PayPal , Square , Stripe and Intuit , they all expressed their support for the Fed being in charge of the development of a system that can connect all the banks and credit unions in the U.S. to speed up payments.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov. In a Thursday (Aug.

Fed