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Fed Says America Needs Instant Payments As Soon As Possible

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The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said. However, Kansas City Fed chief George said the system will initially focus on domestic movement of money and won’t include cross-border transactions. Combatting Fraud — And Addressing Competition And Costs .

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Mobile Payments: What’s In It For Me?

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In London too, Apple Pay works on the Underground, buses and trains, and the company is keen to serve Boston, New York and other cities with tap-and-pay mobile services. ” While the Fed added fuel to the cybersecurity fire today as Kansas City Federal Reserve President Esther George stated that concerns with cybersecurity in U.S.

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