Reserve currency, Bank, Federal Reserve System, Bank of England, Money supply, Monetary policy

The partners that can help Fed speed launch of real-time payments

On Sep 23, 2020
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The partners that can help Fed speed launch of real-time payments https://t.co/B82ktrwYPS
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The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.

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On Sep 23, 2020
@AmerBanker shared
The partners that can help Fed speed launch of real-time payments https://t.co/B82ktrwYPS
Open

The partners that can help Fed speed launch of real-time payments

The partners that can help Fed speed launch of real-time payments

The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.

GOP senators skeptical of Fed's faster payments network

GOP senators skeptical of Fed's faster payments network

One Republican lawmaker went so far as to suggest that Congress should try to block the central bank's effort, but Democrats said FedNow will promote competition in real-time payments.

Congress Questions The Fed: How A New Policy On Real-Time Payments Threatens Blockchain And Crypto Payment Innovation

Congress Questions The Fed: How A New Policy On Real-Time Payments Threatens Blockchain And Crypto Payment Innovation

Congress held two hearings last week on the subject of real-time payments where the focus was on the Federal Reserve System of the United States deciding that for the public good, it needs ...

FedNow faster payments proposal sets up turf battles that may last into future

FedNow faster payments proposal sets up turf battles that may last into future

A proposed faster payments regime from the Federal Reserve may be just the beginning of a years-long turf battle among various sectors of the payments industry, government and other sectors.

FedNow: The Federal Reserve’s Planned Instant Payments Service

FedNow: The Federal Reserve’s Planned Instant Payments Service

Read our latest post from Davis Polk partners Margaret Tahyar and Jai Massari, and associate Andrew Samuel.

The battle for real-time payments dominance in the U.S.

The battle for real-time payments dominance in the U.S.

Since Fed catalysed the private sector to deliver real-time payment capabilities, there has been adv...

The Digitalization of Payments and Currency: Some Issues for Consideration

The Digitalization of Payments and Currency: Some Issues for Consideration

I want to thank Darrell Duffie for inviting me to discuss the future of payments. 1 Digitalization is enabling consumers and businesses to transfer value

Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

The Federal Reserve has released a new resource for companies to combat fraud on legacy rails, while new rails like RTP gain traction.

The Fed says it will build a real-time interbank payments system

The Fed says it will build a real-time interbank payments system

But it has given itself a leisurely five years to do it

US Federal Reserve Is Focused on Launching FedNow for Real-Time Digital Payments and Settlements

US Federal Reserve Is Focused on Launching FedNow for Real-Time Digital Payments and Settlements

US Federal Reserve remains focused on launching FedNow for handling real-time digital payments and settlements.

Philadelphia Fed’s Patrick Harker: How Fintech Will Shape the Future

Philadelphia Fed’s Patrick Harker: How Fintech Will Shape the Future

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, discusses how fintech will impact the banking system, among other topics, with Wharton finance professor Richard J. ...

Fed aiming to launch real-time payment and settlement service

Fed aiming to launch real-time payment and settlement service

In a speech at the Federal Reserve Bank of Kansas City on August 5, Federal Reserve Governor Lael Brainard outlined plans to launch a real-time payment and settlement service to support ...

PayThink Real-time-payments monopoly puts financial system at risk

PayThink Real-time-payments monopoly puts financial system at risk

The Fed should continue to play a key role in the new payments system, rather than leaving it in the hands of the country’s largest banks, Thomas Hoenig and Bruce Summers argue.

Fed Wants Workers to Get Pay Faster

Fed Wants Workers to Get Pay Faster

The Federal Reserve will create a real-time payment system aimed at narrowing the gap between when pay is deposited and when it is available.

The Fed is finally starting its lending program for small and medium-sized businesses

The Fed is finally starting its lending program for small and medium-sized businesses

Small and medium-sized businesses are finally getting some much-needed help from the Federal Reserve.

A digital dollar — why, how, and why now

A digital dollar — why, how, and why now

To mitigate shocks to the economy, we must speed up the ability to store and transfer value -- to make and receive payments .

Fed Chair Jerome Powell Discusses Leveraging an Ethereum-Based Libor Replacement

Fed Chair Jerome Powell Discusses Leveraging an Ethereum-Based Libor Replacement

Fed Chair, Jerome Powell has hinted at using an Ethereum-based interest reference rate in a transition from the Libor.