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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

Policies 181
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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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CEO Atul Gawande Takes New Role At Haven Heathcare Joint Venture

PYMNTS

Atul Gawande will resign as Haven’s CEO to serve as chairman of its board of directors, the Boston-based organization announced on Wednesday (May 13). It will also enable me to devote time to policy and activities addressing the immediate and long-term threats to health and health systems from COVID-19.”.

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Fed Names New Payments Security Leader

PYMNTS

Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry.

Security 112
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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.

Boston 233
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Walmart Presents A Ten-Point Plan To Renew U.S. Manufacturing

PYMNTS

Walmart announced news on Wednesday (July 26) that it had convened a broad group of individuals and organizations from the government, business and non-governmental sectors to lobby for a Policy Roadmap to Renew U.S. Walmart’s Policy Roadmap to Renew U.S. Manufacturing. manufacturing.”. million jobs being added in the U.S.

Policies 111
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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

Brainard, Kansas City Fed President Esther George and Boston Fed First Vice President Kenneth Montgomery also noted that the FedNow system will provide another option in a landscape already populated by, for example, The Clearing House Payments Co. FedNow Will Augment Private Systems, Not Replace Them .

America 189