Payments
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How the government’s new real-time payments system could transform commerce
By Rey Mashayekhi
August 9, 2020, Fortune
On Thursday, the Federal Reserve unveiled new details about FedNow Service—a new real-time payments platform that would enable financial institutions in the U.S. …
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Regulators plot path for cross-border payments to counter Facebook
By Huw Jones
July 13, 2020, Reuters
Streamlining anti-money laundering checks, longer central bank opening hours and linking national systems would cut cross-border payment costs, global regulators said on Monday.…
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New rules may be needed for payments in wake of Wirecard, BIS boss says
By Marc Jones and Huw Jones
June 30, 2020, Reuters
More joined up rules may be needed across the payments sector after the collapse of Germany’s Wirecard AG, Bank for …
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Germany missed chances to catch Wirecard
German regulators missed two chances to take a closer look at scandal-plagued payments firm Wirecard, according to a Reuters source.…
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Wirecard scandal puts regulators, EY in hot water
Germany’s financial regulator and accountants EY face anger over their roles in oversight of Wirecard, the German payments firm that collapsed this week owing billions of dollars.…
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House Financial Services Committee hearing on the rise of mobile payments
House Financial Services Committee task force on financial technology holds a hearing to review the rise of mobile payments.…
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Vital Fed Payment System Experiences Second Delay of 2019
By Christopher Condon, Craig Torres, and Bradley Davis
December 19, 2019, Bloomberg
The Federal Reserve is investigating the second significant disruption in 2019 of a payments service administered by the …
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Fed to Create Payments System to Speed Money Transfers
By Lalita Clozel
August 5, 2019, The Wall Street Journal
The Federal Reserve plans to develop a faster payments system for banks to exchange money, providing a public option to …
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Wirecard… the biggest accounting fraud? Is the customer’s money safe? The end of Banking-as-a-Service?
By Chris Skinner
Originally published at Chris Skinner’s blog, The Finanser
Some of us are old enough to remember Arthur Anderson and Enron, a mixture of two companies that created …
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