PYMNTS

AUGUST 3, 2020

That blog post, Long pointed out, was published the same day that the Office of the Comptroller of the Currency (OCC) released an interpretive letter that offered guidance on banks’ and federal savings associations’ ability to provide crypto custody services. “But having an alternative is important.

Real Time Payments 117

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

PYMNTS

NOVEMBER 23, 2020

He stated that the Figure Pay account will be interoperable with other accounts and payment methods (bypassing some of the vagaries of “closed” systems like MCX, now long-defunct). He added that, even in the absence of interchange (where several parties get a piece of the fee), blockchain-based transactions exist only between two parties.

Financial Inclusion 86

Financial Inclusion Office of the Comptroller of the Currency Blockchain OCC 86

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.

Faster Payments 41

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

PYMNTS

AUGUST 7, 2018

The Office of the Comptroller of the Currency has said in the past week that it has invited FinTechs to seek national charters. That API, the company said in a release at the end of last week, will help boost standardization efforts for “integration with existing payments systems for interoperability.”.

FinTech 40

FinTech Office of the Comptroller of the Currency Payment APIs and Integration API 40

PYMNTS

JANUARY 15, 2021

As noted in this space earlier in the month, the Office of the Comptroller of the Currency (OCC) said that banks can utilize stablecoins in transactions, among other banking activities. The letter specifically takes note of “the payment of remittances, which often involve cross-border transfers of money.”.

Stablecoins 101

Stablecoins OCC Regulations Office of the Comptroller of the Currency 101

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability.

FinTech 46

FinTech Office of the Comptroller of the Currency Treasury Regulations 46