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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

Maybe – but first comes a focus on policy. Separately, a significant policy process would be required to consider the issuance of a CBDC, along with extensive deliberations and engagement with other parts of the federal government and a broad set of other stakeholders,” Brainard said in the speech. Digital dollars on the horizon?

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Central Banks See Digital Fiat As Complement To Cash, Not Replacement

PYMNTS

It might also offer opportunities not possible with cash while supporting innovation.”. These principles include that CBDC do not impede monetary policy and “coexist with cash and robust private money.”. BIS estimated this year that of 66 central banks polled, 80 percent were exploring CBDCs.

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Strategies for fighting remote authentication fraud

Independent Banker

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. High-tech and low-tech solutions.

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What Amazon HQ2, Interchange Fees And Facebook Have In Common

PYMNTS

This week, I’m compelled to offer a few thoughts that go against the grain on several topics that made the news last week: Amazon’s NY HQ2 , card interchange fees and Facebook ad revenue. I’ll leave the political and public policy discourse to others. Card Networks Want to Raise Their Prices. have been settled.

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Function Over Flash

Independent Banker

In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service. View credit card balances, transaction history. Stop payment requests.

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Function Over Flash

Independent Banker

In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service. View credit card balances, transaction history. Stop payment requests.

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Why The Dollars Are Actually The Greatest Show On Turf

PYMNTS

As PYMNTS is Boston-based, the company is, of course, excited to see Tom Brady take a shot at that sixth Super Bowl ring. The network noted in a statement that, as a policy, it does not air cannabis-related advertising. We in Boston hope for it to be our sixth! We are mostly kidding about that. The Super Bowl’s Cashless Future.

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