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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

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Stimulus Relief: Less Spending, More Saving

PYMNTS

And in those cases, Jonathan Parker, an economist at the Massachusetts Institute of Technology, told the Boston Globe , the attempt was pretty successful. Among those surveyed, 32 percent report that they will perform more activities at home and fewer activities away from home than before, and 16.1

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Portugal's SIBS Takes Payments Platform International

PYMNTS

The Instant Payments Solution platform from SIBS, launched in 2018 to ensure instant payments processing at a national level, is now also providing these operations between European financial institutions. In the U.S., But there are signs that's beginning to change. SIBS was founded in 1983 in focused in Europe, Asia and Africa.

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

PYMNTS

The report and its objectives (with foundational principles for CBDCs) was done in collaboration between the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, Sveriges Riksbank, the Swiss National Bank and the BIS. In an interview with Karen Webster published Monday (Oct.

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Some Restaurants Opt For A Long Winter’s Nap

PYMNTS

We want restaurants to work so badly that we are willing to lie to ourselves,” Heather Mojer, co-owner and beverage director at Boston-based Big Dipper Hospitality Group , operator of the Café Du Pays, Mamaleh’s Delicatessen and State Park restaurants, wrote in an Instagram post. “We

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Retail Personalization May Not Come Soon

PYMNTS

Research from Boston Retail Partners (BRP) and Manhattan Associates shows that while 70 percent of surveyed North American retailers understand the importance of personalization and are putting it at the top of their objectives list in 2017, many don’t have any actual plans to put the wheels in motion for a few years out.

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Tech Hubs Face Prevalent Problem Of Package Thefts

PYMNTS

” In particular, a Shorr Packaging analysis suggests that tech hubs such as Silicon Valley, Boston and Seattle are particularly susceptible to thieves, as these areas face a particularly common problem with stolen packages. In order to arrive at its findings, the company analyzed Google search trends within the 50 largest U.S.

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