Real-time payments (RTP), account-to-account (A2A) payments and instant payments all refer to the ability to process payments in seconds. This is one of the next...
Kenneth Montgomery, first VP and chief operating officer, Federal Reserve Bank of Boston and FedNow service program executive, writes in the PYMNTS eBook “Baseline 2022:...
The Federal Reserve Board announced on Monday (June 27), the final timeline and other implementation details for the adoption of a new Fedwire Funds Service...
It’s Tuesday (May 24), and there is a global shortage of 43 million healthcare workers. Meanwhile, the rare monkeypox virus is starting to make headlines,...
Round-the-clock, real-time payments often are credited to the Venmos and PayPals of the world. But next year, the nationwide introduction of the Federal Reserve’s FedNowSM...
Even though there will be no policy bombshells in Treasury Secretary Janet Yellen’s first speech focused entirely on digital assets, the need to build better...
In all the heated debates about regulating stablecoins and creating a digital dollar, the U.S. Treasury Department has been remarkably quiet about its own existing...
Deciding whether to create a digital dollar was a key part of an executive order President Joe Biden announced Wednesday morning (March 9) to create...
The Federal Reserve has announced the anticipated pricing for its FedNow service for instant payments, a press release says. The service will include a $25...