PYMNTS

APRIL 24, 2020

As local- and state-level government entities continue to run, it’s not business as usual for the public sector — particularly in the way these entities make and receive payments. As a result, it’s placing greater pressure on government entities to digitize payment acceptance capabilities.

ACH 64

ACH Government Governance G2B 64

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability. Central bank digital coins on the Continent – but plenty of room for cash.

CBDC 91

CBDC Risk Central Bank Digital Currency 91

Tearsheet

NOVEMBER 30, 2023

Image by: USA Facts , data by: Board of Governors of the Federal Reserve System Due to these roadblocks, many people remain outside the banking system, which may be adversely affecting their chances to improve their financial health and resilience. million big unbanked problem in America appeared first on Tearsheet.

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Government Governance Addressing Social Security 52

PYMNTS

JUNE 2, 2020

It seems the deluge of more than 40 million unemployment claims has swamped the government and exposed some inefficiencies of an antiquated system plagued in part by paper checks. government pandemic stimulus checks ($1,200 per adult) and a temporary boost in weekly unemployment payments (an extra $600 a week) will help for the jobless.

Checks 53

Checks Federal Reserve Government Governance 53

PYMNTS

SEPTEMBER 8, 2017

That, in turn, enabled them to borrow or get aid from the Federal Reserve at rates that were favorable to the bank and the lenders. The two said employers were hiding mortgage improprieties and billions of dollars of losses, which enabled the lenders and Wells Fargo to certify that they were compliant with laws.

Federal Reserve 46

Federal Reserve Legal Government Governance 46

PYMNTS

DECEMBER 12, 2019

and Europe, lacks the same government push for change, and in some cases, mandatory changes. real-time payments journey in a recent interview with PYMNTS. “My And of course, our government is less likely to intervene to provide capabilities that can be provided by the market.”. unlike markets like the U.K.

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RTP Real Time Payments Faster Payments Cross-Border 72