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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Wholesale CBDCs focus on interbank settlements, enhancing security and efficiency in large transactions between financial institutions. Retail vs. Wholesale CBDCs : There are two types of CBDCs: Retail CBDCs are designed for use by the general public, providing an alternative to cash.

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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. The effort’s initial focus will be on P2P payments tied to bank account numbers or phone numbers.

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Finovate Debuts: Ledger’s Blue Smartcard Mitigates Phishing & Malware Attacks

Fintech Labs Insights

At FinovateEurope 2016, the company launched the Ledger Blue Smartcard (pictured below), an enterprise solution featuring a touch screen to serve as a second factor to validate transaction information before completing a settlement on the blockchain. ” Ledger CEO Eric Larchevêque demoing Ledger Blue at FinovateEurope 2016 in London.