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Deep Dive: Weighing The Federal Reserve’s Faster Payments Proposal

PYMNTS

percent, according to Federal Reserve data. Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. The Federal Approach. Against this backdrop, the Federal Reserve proposed creating its own real-time payments service in October 2018.

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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market.

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Tales from the Crypto: Funding Startups, Fighting Fraud, and Why the U.S. is a CBDC Laggard

Finovate

Federal Reserve has deployed “less than 20” people to work on research and development on CBDCs. interbank settlement system compared to similar systems in Europe that were deployed sooner. Cryptocurrency platform Kraken introduced new Chief Operating and Product Officer Gilles BianRosa.

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