Fast Payments

Episode 221 - The Future of Fast Payments in the U.S. with Bernadette Ksepka, Federal Reserve Financial Services and Elena Whisler, The Clearing House

Last week, we hosted the first Payments on Fire Live Stream event on the future of fast payments in the U.S. This episode highlights the panel conversation with Bernadette Ksepka, Federal Reserve Financial Services, Elena Whisler, The Clearing House, and Bryan Derman, Glenbrook Partners.  

Regulation

American Bankers Association: CBDC would be advantaged competitor

Ledger Insights

“Today U.S. Congress will hold a hearing on the Digital Dollar Dilemma to discuss the implications of a central bank digital currency (CBDC) and potential private sector alternatives. The Federal Reserve believes that a CBDC will help maintain the dollar’s unique role as the international reserve currency, and improve financial inclusion for millions of U.S. citizens. However, […]

Payments Fraud Risk

Episode 220 - Stay Ahead of the Game: Understanding and Countering Policy Abuse with Eyal Elazar, Riskified

In this episode, Yvette Bohanan and Chris Uriarte sit down with Eyal Elazar, Head of Product Marketing at Riskified, to discuss policy abuse trends and the implications of consumers and professional criminals increasingly engaging in these schemes.

Global

India Shifts Cryptocurrency Focus to Regulations

Blockonomi

“India is replacing a complete crypto ban plan with regulations, The Indian government is reportedly developing a legal framework on cryptocurrency following the G20 Summit on September 9 and 10. Accordingly, the 2023 G20’s outcome shed light on the coming crypto guidelines, which was crafted in a joint policy recommendation by the International Monetary Fund (IMF) and […]

Tags: India

Industry

International Monetary Fund (IMF) and the Financial Stability Board (FSB) Synthesis Paper: Policies for Crypto-Assets

Financial Stability Board

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have advanced policy and regulatory recommendations to identify and respond to macroeconomic and financial stability risks associated with crypto-assets.

Cross-border Payments Financial Inclusion

Episode 219 - Smart Takes on Cross-border Payments with Ryan Zagone, Head of Americas, Wise for Banks, and Joanna Wisniecka, Glenbrook

Ryan Zagone, Head of Americas for Wise for Banks, and Glenbrook’s Joanna Wisniecka join Yvette on this episode of Payments on Fire to help untangle the innovators' and incumbents' dilemmas in improving cross-border payments.

Cross-border Payments Fast Payments Global Payments

On the journey to fast and low-cost cross-border payments (not yet at the destination)

Impetus to improve cross-border payments Whether you are deep in the cross-border payments space or have sent (or tried to send) a cross-border payment, you know these are not as easy as paying for your morning coffee or sending money to a local friend for last night’s dinner. Domestic payments have become faster, if not […]

EMV Tokenization

Episode 214 - We Just Can’t Stop Talking About Tokenization

In this episode, Chris Uriarte and Russ Jones discuss how tokens are implemented in the “card present” and “card not present” environments and how EMV tokens are becoming normalized in interchange tables, scheme fees, and provider services. As tokens move squarely into mainstream card processing, this conversation highlights important distinctions in network and provider implementations, fees, and regulations that should be on everyone’s radar.

Acceptance Fintech Merchants Payments Fraud Risk

Episode 209 - Part 2 of What’s Hot, What’s Not, and What We’re Watching: Checking in at 2023’s Halfway Point with Glenbrook

In Part 2, Yvette Bohanan continues the conversation from Episode 206 with the commercial practice team at Glenbrook. We cover some new topic areas, including banks, risk and fraudsters, and the investment community in this macroeconomic environment. Listen in to see what we're watching, where we might see some blind spots, or where the next set of curveballs will be coming as we get into the back half of 2023.

Global

UK Takes the First Step to Stop Authorized Payment Scams

Bank Info Security

“U.K. banks will soon have to reimburse customers who fall prey to authorized push payment scams. The U.K.’s Payment Systems Regulator recently released a long-awaited policy that would split the reimbursement cost between sending and receiving banks.”

Tags: UK

Global

Policy Hong Kong Lawmaker Invites Coinbase to Apply to Operate in Region Amid U.S. SEC Crackdown

Coindesk

“A Hong Kong lawmaker invited global virtual asset trading operators, including crypto exchange Coinbase, to come and register in the region. A Hong Kong lawmaker invited global virtual asset trading operators, including crypto exchange Coinbase, to come and register in the region. Hong Kong’s Securities and Futures Commission (SFC) began accepting applications for crypto trading platform […]

Tags: Hong Kong

Global

China Is Doubling Down on its Digital Currency

Foreign Policy Research Institute

“China’s central bank continues to take aggressive steps toward assimilating the digital yuan within its domestic financial system. Despite these efforts, less than a fifth of the Chinese population have utilized it.”

Tags: China

Companies

Central Bank Digital Currencies: Ongoing Policy Perspectives

BIS

“A group of central banks, together with the Bank for International Settlements, are working together to explore central bank digital currencies (CBDCs) for the public (“general purpose” or “retail” CBDC).”

Tags: Bank of International Settlement

Global

A Guide to Modernizing Payments in the Financial Sector

Policy Options

“Canada must act swiftly to remain on track with modernizing its financial sector policies that affect how consumers make payments. Other countries are adopting fintech innovation at a much faster pace, leaving Canadians with limited consumer choice and competition among financial service providers compared with other parts of the world.”

Tags: Canada

Companies

EU Could Veto Large Stablecoins During MiCA Approval Process, Regulator Signals

Coindesk

“Central banks should veto large stablecoins if they have fears they could upend monetary policy, the chair of the European Banking Authority (EBA) has said, citing fears that the use of permissionless blockchains could prove financially unsound. EBA Chairperson José Manuel Campa will in the coming months be setting out the detailed rules to implement […]

Tags: European Central Bank