PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. He noted there has been additional input from the FedNow Community of 700 members.

Payments 244

Payments Boston System Operations 244

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

PYMNTS

OCTOBER 18, 2020

The announcement from Lisbon, Portugal comes as bankers around the world are working to improve the speed with which secure and economically reasonable transactions can be carried out. the Federal Reserve System’s involvement in high-speed payments work includes the FedNow project, which has a target service date of 2023 or 2024.

Payments 167

Payments Boston System Survey 167

PYMNTS

OCTOBER 6, 2020

A study found that the industry expanded by 20 percent over the past five years, with online food delivery revenue expected to hit $24 billion by 2023. cities, including Boston, Chicago, New York and Washington, D.C. QSRs are also improving their in-house ordering systems to make up for declines in walk-in traffic.

Report 237

Report Innovation Boston Chicago 237

PYMNTS

AUGUST 3, 2018

That kind of growth is slated to continue, with researchers predicting that by 2023, the volume of mPOS transactions will increase threefold over an estimated 28 billion in 2018. Payment software solution provider Alcinéo is one player putting a new focus on improving mPOS security. Around the mPOS World.

Trends 105

Trends Massachusetts United States Boston 105

PYMNTS

AUGUST 24, 2019

The move comes amid a general trend in all areas of payments and commerce to move beyond the limitations and security risks that come with older forms of ID authentication and verification. As other PYMNTS research confirms, consumers are set to spend $23 billion buying mobile tickets for sports and gaming events by 2023.

Payments 161

Payments social media Mobile Seattle 161

PYMNTS

MAY 12, 2020

According to the Fed, the rollout of FedNow remains on track for 2023 or 2024. While electronic payments are often touted as more secure than the check, growing fraud in digital B2B transactions may actually be encouraging businesses to retain paper. In a statement, Kenneth C.

Payments 130

Payments Fraud Community Boston 130