The U.S. payments industry lacks common standards for interoperability, and that’s standing in the way of faster payments and better payments security. That’s the conclusion of a Federal Reserve-sponsored symposium on payments innovation, according to the Chicago Fed Letter. The two-day symposium was part of...
The Federal Reserve banks have prepared a multi-year plan that will a realtime payment system in the U.S., according to a report in The American Banker. “Some observers think that the U.S. isn’t moving fast enough, or contemplating big enough changes to a creaky system...
January 26, 2015
The U.K.’s Institute of Directors has warned large businesses that the “scandal” of late payments is undermining the country’s economic recovery, and said the big corporations risked regulation by failing to pay their bills on time, the Financial Times reported. The business group, which represents 40,000 company directors, was reacting to a complaint by a […]
December 31, 2014
The U.S. payments industry lacks common standards for interoperability, and that’s standing in the way of faster payments and better payments security. That’s the conclusion of a Federal Reserve-sponsored symposium...
September 10, 2014
The Federal Reserve banks have prepared a multi-year plan that will a realtime payment system in the U.S., according to a report in The American Banker. “Some observers think that...
