Master Account news and trends

API Links FinTechs To Fed Payment Rails
Digital-First Banking // August 09, 2021

If done right, the expansion into high value, real-time B2B payments will be a “huge game changer,” Reserve Trust CEO Dave Wright told PYMNTS, pointing to the multi-trillion dollar opportunity that exists to digitize, modernize and democratize this largely untapped slice of the market. “Our...

Credit Union Pitches Fed On Pot Payments Solution
Payment Methods // October 18, 2017

Denver-based, state-chartered Fourth Corner Credit Union has asked the Federal Reserve Bank of Kansas City for a master account to help social groups pushing for the legalization of marijuana. According to a report in CUInsights, the master account would enable the credit union (CU) to serve...

Interviews & Exclusives
API Links FinTechs To Fed Payment Rails

August 09, 2021
If done right, the expansion into high value, real-time B2B payments will be a “huge game changer,” Reserve Trust CEO Dave Wright told PYMNTS, pointing to the multi-trillion dollar opportunity that exists to digitize, modernize and democratize this largely untapped slice of the market. “Our focus is pretty strongly on business-to-business payments,” Wright told PYMNTS’ […]

Quick Reads
GOP Lawmaker Says Fed Revoked Master Account for FinTech Reserve Trust

June 09, 2022
U.S. Sen. Pat Toomey wants answers on why the Federal Reserve Bank of Kansas City, he says, revoked a master account for the FinTech Reserve Trust, Reuters wrote Thursday (June 9). The master account gives Colorado-based Reserve Trust access to the Fed’s payments services, which Reuters said is a rare and sought-after privilege for a […]

Credit Union Pitches Fed On Pot Payments Solution

October 18, 2017
Denver-based, state-chartered Fourth Corner Credit Union has asked the Federal Reserve Bank of Kansas City for a master account to help social groups pushing for the legalization of marijuana. According to...