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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 Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.

Security 112
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Bitcoin Daily: Binance Acquires CoinMarketCap; SEC Seeks Comment On BSTX Rule Change Proposal

PYMNTS

CoinMarketCap, which is a source for digital currency prices and exchange trading volume, will be kept operating as an independent business entity. Securities and Exchange Commission (SEC) is lengthening its timeframe to approve or reject operations by a tZERO-affiliated security token exchange, per a release.

Bitcoin 141
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FedNow implementation: What fraud and AML professionals need to know

Abrigo

“Financial institutions will have different appetites, so they will have time to learn about it and learn from the activity of others before their bank or credit union does it.” Secure access. FedNow will operate around the clock every day of the year, so fraudsters can try to push through fraudulent transactions at any time.

Fraud 195
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John Hancock Insurance Review: Great Discounts With Wellness Programs

MyBankTracker

The company’s core product offerings revolve around insurance and operates as a subsidiary of a Canadian-based company called Manulife. John Hancock, also known as The John Hancock Life Insurance Company, was founded in 1862 with operations based mainly in Boston, Massachusetts. Background on John Hancock.

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Strategies for fighting remote authentication fraud

Independent Banker

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. Education as an anti-fraud tool.

Fraud 160
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Shared Economy, Last-Mile Logistics Could Help Deliver COVID Vaccine

PYMNTS

As a result of the historic pace of vaccine development through Operation Warp Speed and careful logistics planning, the FAA today is supporting the first mass air shipment of a vaccine," the agency said in a statement on Friday (Nov. Walmart now operates 19 clinics inside its stores to attend to routine, non-emergency health matters.

Arizona 160