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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability.

Boston 227
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Mastercard’s Threat Scan Helps Banks Detect Vulnerabilities

PYMNTS

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat scan intuitively mimic fraudulent behavior and can be used in conjunction with tools already in place.

Boston 177
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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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Congratulations to All Celent Model Bank 2017 Award Winners!

Celent Banking

Many of us at Celent just came back from a busy and exciting week in Boston. The rain and clouds couldn't obscure spectacular views from the State Room overlooking the Boston harbour. Craig Weber, Celent CEO, opened the day by presenting compelling evidence that financial services are more important than many celebrities.

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The Lures – And Challenges – Of Central Bank Digital Currencies

PYMNTS

euros (at least at present). The BIS report issued this week that focuses on “foundational principles” defines a CBDC as “a digital payment instrument, denominated in the national unit of account, that is a direct liability of the central bank.”. Beyond that, national efforts are piecemeal.

National 175
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Inside Taco Bell’s Omnichannel Overhaul

PYMNTS

The latest figures from the National Restaurant Association paint a promising picture for the U.S. Quick service restaurant (QSR) chain Boston Market is among the restaurant brands making their first forays into loyalty rewards. restaurant market. Overall, restaurant sales are on track to reach $863 billion by the end of the year.

Branding 139
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Uber Shares Data On Four Cities, More To Come

PYMNTS

Linda Bailey, executive director of the National Association of City Transportation Officials, told The Washington Post that the release of the data should build goodwill with some cities, which would be welcome news since Uber has been fighting with some cities in recent weeks.