PYMNTS

AUGUST 21, 2020

Jim Cunha, senior vice president, secure payments and fintech at the Federal Reserve Bank of Boston , told Karen Webster the joint efforts between the Fed and MIT are focused on exploring the infrastructure that would underpin a CBDC — and, at the same time, will probe various use cases. No Race To Rollout . What’s Next.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability. Central bank digital coins on the Continent – but plenty of room for cash.

CBDC 91

CBDC Risk Central Bank Digital Currency 91

PYMNTS

MARCH 3, 2019

Winograd added, “We shouldn’t expect any action from the Fed into at least the second half of the year.”. But government payments to farmers, as well as a VMware Inc special dividend, had bolstered incomes in December. (The And, as government spending and the $1.5 percent in January.

Consumer 43

Consumer Shutdown Economy Fed 43

PYMNTS

MAY 11, 2020

As May flowers bloom, millions of Americans are still awaiting pandemic relief monies from the government. Others believe there’s a paper check coming but find no details on the IRS “Get My Payment” web portal set up to track the progress of funds. Some got it via direct deposit. People want answers.

Online and Mobile Banking 52

Online and Mobile Banking Multi-Currency Digital Currency Federal Reserve 52

PYMNTS

MARCH 14, 2018

Given that the Fed printed about $200 billion worth of notes in 2017, that makes the average printing cost about 3.65 PromptPay has been a game-changer for the Thai people, from allowing isolated Thai residents to now receive government payments, to small businesses transacting with new customers and suppliers.”

Financial Inclusion 48

Financial Inclusion Real Time Payments Mobile Banking Federal Reserve 48

Clearly Payments

FEBRUARY 8, 2024

Key Regulatory Organizations in The USA Federal Reserve System: The Federal Reserve , often referred to as the Fed, plays a central role in overseeing the nation’s payment systems. It formulates policies, provides services, and conducts research to promote the safety, efficiency, and accessibility of payment systems.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105