PYMNTS

JUNE 1, 2020

Edwards termed real-time payments “an ACH killer … it’s moving today’s batch process of banks exchanging files with each other to a Federal Reserve centric master account to an ‘instant’ way for banks to do it.”. Speed of payments changes the fraud equation, and the balance that needs striking.

Cross-Border 69

Cross-Border Payments Privacy Issuers 69

PYMNTS

DECEMBER 7, 2020

In terms of mechanics, these companies would have to maintain master accounts at the Federal Reserve and must maintain segregated accounts with the Fed, with reserves fully collateralized and convertible into dollars on demand. Read More On Cryptocurrency: Bitcoin Daily: India Eyes Crypto Income Tax; Ripple Unloads $15.3

Stablecoins 76

Stablecoins Regulations Federal Reserve Fed 76

The Payments Association

MARCH 18, 2025

One notable change is the removal of “reputational risk” as a consideration when evaluating applications for master accounts. Federal Reserve Chair Powell confirmed that regional reserve banks will no longer take reputational factors into account when deciding whether to grant access.

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88

The Payments Association

JANUARY 31, 2025

’ against digital asset companies (see below, Other Key Developments in Crypto ) and the FRBs refusal to permit Custodia Bank to open a master account. Notably, US banking regulators (e.g., The committee is seeking information on what has been commonly referred to in the industry as Operation Choke Point 2.0.,

Stablecoins 88

Stablecoins Office of the Comptroller of the Currency Treasury Regulations 88