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Tag: FedNow

Five Things I Liked about Payments in 2023

Much of my knowledge of payments comes from my daily usage. Like many consumers, I want things that work without me thinking about them....

FedNow and the Looming Challenge of Authorized Push Payment Fraud

The advent of FedNow, the Federal Reserve Bank's instant payments network, has ushered in a new era of real-time capabilities. However, alongside this innovation, concerns are mounting...

Trends in fintech that drive growth

Fintech is a fast-changing ecosystem where there are few certainties. As 2023 comes to an end, it’s worth taking a temperature check and assessing...

Why Bitcoin — But Not a CBDC — Could Be Key to Vivek Ramaswamy’s Economic Strategy

The presidential candidate wants to “put the Fed in its place,” reducing staff by 90% and focusing on stabilizing the dollar with a...

Coinbase Deputy CIO Analyzes FedNow’s Role in Instant Payment Landscape

The FedNow Service, established by the Federal Reserve, is an innovative instant payment system designed to accommodate depository institutions of various sizes throughout the...

Cloud Payments Firm Volante Raises $66 Million in Strategic Funding – Finovate

Cloud payments modernization specialist Volante Technologies raised $66 million in debt and equity financing. The round was led by Sixth Street Growth. Wavecrest...

Bug in Fed’s payment system prevents bank customers from getting paid

Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an...

Federal Reserve issues cease and desist letter to Bitcoin Magazine alleging IP infringement

The Federal Reserve Bank of Chicago has issued a cease and desist letter to Bitcoin Magazine, alleging it to have used a trademarked term...

Very Curious Revalation in the Ripple (XRP) v. SEC Case

A letter from December 2020 reveals that renowned American legal scholar Joseph Grundfest advised former SEC commissioner Jay Clayton not to sue Ripple,...

Wells Fargo Says an American CBDC Could Be Designed, Approved and Launched in Three to Five Years – The Daily Hodl

Strategists at a Wells Fargo subsidiary think the US could design and release a central bank digital currency (CBDC) within the next five years. In...

Fed’s Barr Calls for Stablecoin Regulation (Again)

The U.S. Federal Reserve's Vice Chair for Supervision Michael S. Barr reiterated his calls for greater regulation of stablecoins.The U.S. Federal Reserve's Vice Chair...

Payments Infrastructure Innovator Finzly Locks in $10 Million in Funding – Finovate

Payments infrastructure company Finzly secured $10 million in Series A funding this week. The round was led by TZP Growth Equity. Finzly will...

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