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US Federal Reserve express caution on central bank issued digital currency
Federal Reserve board governor Jerome Powell took critical aim at the concept of a central bank-issued digital currency during a roundtable event focused on blockchain and the future of financial markets. Central bank-issued digital currencies could stifle private-sector payments innovation, he said – according to Coin Desk. After discussing blockchain technology more broadly – echoing past [...]
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Mastercard Periodic Table of Payment Elements
The payments industry is ever-evolving and, with it, the terminology used to describe it. With the Mastercard PERIODIC TABLE OF PAYMENTS, you don’t have to be a financial genius to understand the complex bonds between payments and technology.
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Domestic payment schemes shifting focus to new digital payments services
The development of new payment services and the evolution of technology are currently the top priority of most domestic payment schemes. An overwhelming majority of schemes are in favour of cross-border collaboration and the top two rated actions are sharing of technical standards and jointly developing technical solutions. These the findings of a recent global [...]
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Virtual Account Management: the minimum viable proposition
When it comes to corporate liquidity and treasury management, the banks I’m talking to all seem to have one thing in common. The need for speed. Whether they are offering in-house banking facilities to medium-sized corporates. Or a client money proposition. Or an ‘on behalf of’ set-up for payments or receivables. Banks want to move fast [...]
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Payments processing technology: Have Payment Gateways achieved parity with Processors?
It has been almost 20 years since the internet made a paradigm leap in transaction transport, and made simple payment gateways integration available to an exploding community of web developers. Payment Gateways became the plug & pay solution for the tsunami of new web-based, card-not-present merchants – writes Cliff Gray, The Strawhecker Group. Not these days. [...]
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