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November 17, 2023

On the web

November 8, 2023

Top Post

October 27, 2023

On the web

Fed Continues to Explore ‘CBDC Payments Backbone:’ Barr

Blockworks

"The Federal Reserve is not any closer to making a decision on a central bank digital currency (CBDC), the Fed’s Michael Barr said in a speech on Friday. The Vice Chair for Supervision added that — as companies and central banks continue to mull stablecoins and CBDCs — “we must carefully weigh the benefits and risks of different uses of these new technologies.”"

October 26, 2023

On the web

October 25, 2023

Top Post

Federal Reserve Board Requests Comment on a Proposal to Lower the Maximum Interchange Fee that a Large Debit Card Issuer Can Receive for a Debit Card Transaction

Board of Governors of the Federal Reserve System

"The Federal Reserve Board on Wednesday requested comment on a proposal to lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction. The proposal would also establish a regular process for updating the maximum amount every other year going forward....The comment period will close 90 days after the proposal is published in the Federal Register."

October 17, 2023

On the web

October 10, 2023

On the web

October 6, 2023

On the web

October 5, 2023

On the web

October 4, 2023

On the web

How Can FedNow Recruit More US Banks? Lessons From Brazil

Bank Info Security

"The launch of the Federal Reserve's FedNow payment rail in July made a big media splash, but only 57 financial institutions and service providers signed on to the real-time payments program. By Sept. 1, only 90 had joined, leaving observers wondering how long it will take to convince 10,000 financial institutions to join."

October 3, 2023

On the wires

September 26, 2023

On the web

On the wires

September 8, 2023

On the web

August 25, 2023

On the web

August 21, 2023

On the web

August 17, 2023

On the web

August 16, 2023

On the web

Global Data Tracks Decade-Long Decline in Check Payments

Atlanta Fed

"From around the world, we have more evidence that people are shifting from checks to other means of noncash payments. Using data from the Bank for International Settlements (BIS), my Atlanta Fed colleagues Antar Diallo and Oz Shy found that from 2012 to 2021, in all 20 countries they examined, the number of checks declined as the number of cashless payments increased."

August 15, 2023

On the web

August 11, 2023

On the web

US Federal Reserve Issues Stablecoin Warning to Banks

CoinGeek

"The U.S. Federal Reserve, the central bank of the United States and the country’s chief banking sector regulator, has issued an announcement warning any state banks dealing with digital asset “Dollar Tokens,” or stablecoins, to obtain a written “supervisory nonobjection” from the Federal Reserve (Fed) before issuing, holding or transacting in them."

August 10, 2023

On the web

August 9, 2023

On the web

Federal Reserve Board Provides Additional Information on Its Program to Supervise Novel Activities in the Banks it Oversees

Board of Governors of the Federal Reserve System

"The Federal Reserve Board on Tuesday provided additional information on its program to supervise novel activities in the banks it oversees. Novel activities include complex, technology-driven partnerships with non-banks to provide banking services to customers; and activities that involve crypto-assets and distributed ledger or "blockchain" technology."

August 8, 2023

On the web

August 4, 2023

On the web

July 27, 2023

On the web

Get Access to the FedNow Service Via Plaid Transfer

Plaid

"We are excited to announce plans to support the FedNow Service®, another important milestone as we move toward mainstream use of instant, native bank payments in the U.S. Moving money faster matters - whether it's a cash advance, payroll to cover necessary expenses or an emergency withdrawal, and is a step towards our mission of unlocking financial freedom for everyone."

July 21, 2023

Top Post

July 20, 2023

On the web

July 14, 2023

On the web

July 13, 2023

On the web

Technology Used in Fed Reserve DLT Trial is Spun Out as LedgerSwarm

Ledger Insights

"Last week the Regulated Liability Network (RLN) shared the results of a DLT proof of concept for payments with the Federal Reserve Bank of New York and ten institutions including BNY Mellon, Citi, HSBC, Mastercard and Swift. SETL was one of the main technology providers to the project alongside Digital Asset and is spinning out the SETL RLN Protocol software as a standalone project and company, LedgerSwarm, which will be separately funded."

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