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

PYMNTS

But as to what a CBDC might look like in the eurozone, ECB executive board member Yves Mersch said a speech earlier this year that retail central bank digital currency (CBDC) is a game-changer and that retail CBDCs would be a “main focus.”

Boston 227
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Western Union Enables Real-Time Account-To-Account X-Border Payments For Banks, Digital Wallets

PYMNTS

Western Union’s history as a retail cross border remittance platform is moving money between people, largely via cash, within minutes. We move money in minutes on the retail side of our business, and asked ourselves whether we could move money in real time to an account or mobile wallet,” Ersek told Karen Webster.

Payments 205
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What Serving The Internet’s ‘Underserved’ Means For Payments

PYMNTS

Think of access to reliable internet service, perhaps, as roughly similar to access to reliable and secure financial services — without both, the larger worlds of payment and commerce can indeed suffer. “In communities. communities. Expensive Cities. And the DSL network might be overloaded, or not in very good shape.”. Government Efforts.

Payments 131
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Staying competitive in the era of ‘open banking’

NCR

Some of the reforms are still a couple of years away, but could have a transformative effect on the retail banking industry as we know it. Martin has held a number of senior regional management roles in European retail banking. Image Credit: iStock/Franck-Boston. What is ‘open banking’?

Retail 98
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Efficiency now: 8 smart strategy tips

Independent Banker

During the pandemic, the Fed bought up massive numbers of mortgage-backed securities, with banks enjoying unprecedented sales levels and gain on sales margins. The days of people coming in to cash their Social Security checks—those are pretty much gone. Recruiting is easier in some regions than others. Strengthen controls.

Strategy 135
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‘Google Checking,’ T-Mobile Data Breach Top This Week’s News

PYMNTS

The data did not reportedly include password information, Social Security numbers or financial information. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant. As Voice-Assisted Retail Gets Emotional, Privacy Issues Loom. That’s how Silicon Valley feels right now.”.

Google 129
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Function Over Flash

Independent Banker

In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service. An ATM or branch locator is another standard mobile function. Check ordering.