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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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Why Consumers Are Firing Traditional Retailers

PYMNTS

Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. But it’s more than that.

Retail 172
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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. The retailer argued that could potentially result in the creation of an estimated 1.5 Manufacturing. manufacturing.”.

Policies 111
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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.”. As many as 40 percent of individuals are shopping online more often, which of course means they are shopping in stores less often.

Boston 233
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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

Drilling down a bit into why real-time payments are taking on more urgency for retailers, Brainard said research showed that households “with the least liquid resources” — marked by relatively lower income and savings — boosted their spending starting on the day they received emergency-relief payments. A Liquidity Boost? .

America 189
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The Big Bucks Behind Sleep (Or Lack Thereof)

PYMNTS

But luckily, where there is a problem, there is typically an innovative entrepreneur selling a solution – and in the case of sleep, there are a lot of solutions out there. It feels a lot more like play than work,” Lisa Kelly-Croswell, the chief human resources officer at Boston Medical Center, noted of the program.

Boston 145
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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. According to data from the National Retail Federation (NRF), stores will bring in around $14.8 Snack Time.

Boston 150