article thumbnail

Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

Offline settlements with a digital pound: Lessons from the BoE’s report 16 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? It highlights major trade-offs in security, privacy, and policy that must be addressed before offline CBDC payments can scale. Why is it important?

article thumbnail

BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance

Fintech News

The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions. We are optimistic about the potential of these early results to enhance cross border payments.”

article thumbnail

Retailers Accepting Crypto Payments – With Instant Settlement in Cash

Finextra

Lower Fees and Instant Settlement Another major benefit is the fees associated with crypto payments. Settlement speeds are another major advantage. Please read our Privacy Policy. Plus, because these payments settle on blockchain rails, they help reduce the risk of chargeback fraud, offering merchants an extra layer of security.

article thumbnail

Visa, Mastercard trials postponed

Payments Dive

By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. The trials next year cover three groups of plaintiffs that have been litigating against Visa and Mastercard for more than a decade and opted out of a prior multi-billion dollar settlement with the networks over damages. Last June, U.S.

Visa 120
article thumbnail

Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

The processes included converting reserve account balances into digital Rupiah and vice versa, ensuring seamless interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system. The PoC findings also revealed the potential for incorporating advanced features, such as zero-knowledge proofs, to enhance transaction privacy.

article thumbnail

CBDCs in practice: What we’ve learned from the early movers

The Payments Association

Usage patterns differ, technological approaches diverge, and key challengesfrom privacy concerns to merchant adoptionremain unresolved. Das added that improved liquidity due to streamlined settlement processes will reduce the need for intermediary currencies and lower the transaction costs.

CBDC 88
article thumbnail

Empowering Financial Institutions: An Interview with the CEO of Almond FinTech

Fintech Review

Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally. Let’s dive in.