The CFPB's plan to repeal the Nonbank Registration Rule has divided stakeholders, with industry groups praising reduced compliance costs while state regulators warn of increased risks in sectors like crypto and BNPL. ❤️ #CFPB #Compliance #consumerprotection #fintech #gigeconomy #nonbank #realtimepayments #Regulation #redrobot
#realtimepayments
Spain leads Europe in instant payments adoption under the EPC SCT Inst scheme, driving innovation in real-time transactions. Read more: https://www.paymentscardsandmobile.com/spain-leads-instant-payments-epc-oct-inst-scheme-adoption/ #Payments #Fintech #InstantPayments #RealTimePayments #Innovation
Biggest Fintech Trends In 2024
From #GenerativeAI to #DigitalWallets to #RealTimePayments
The advantages of instant payments at the point of sale are numerous for both retailers and customers. In today's #POS feature, we delve into how businesses can ensure funds are settled as quickly as possible, without incurring extra costs! ⏱️ 💨
https://blog.wonderful.co.uk/pos-systems-instant-payments/
#CashFlow #InstantPayments #RealTimePayments #InstantPayout #InstantSettlement #OpenBanking #FinTech #A2A #PaymentsInnovation #PaymentProcessing #MobilePayments #CashlessSociety #PointOfSale #POS
Banks customers aren’t going to walk into the bank and ask for #OpenBanking or #RealTimePayments but they will want that functionality. -Saba Shariff, New Product Development, Symcor #PaymentsCanada
Analogy of how building FedNow has been like hiking a mountain; many decisions will compound future choices so it takes lots of planning. #RealTimePayments
-Nick Stanescu, SVP, #FedNow of #FederalReserve Bank of Boston
Check out the next NYPAY event.
They are doing another discussion about US #RealTimePayments
Financial Stability Board, "G20 Roadmap for Enhancing Cross-border Payments: Priority actions for achieving the G20 targets," February 23, 2023
Available here: https://www.fsb.org/wp-content/uploads/P230223.pdf
#fintech #banking #financialservices #payments #finserv #digitalfinance #financialmarkets #digitalinfrastructure #financialinnovation #digitalisation #marketinfrastructure #FMI #paymentsystems #digitalpayments #crossborderpayments #realtimepayments #compliance #FSB #FinancialStabilityBoard
Bank of England, Roadmap for the Real-Time Gross Settlement service beyond 2024: Consultation Response Paper, February 13, 2023
— Available here: https://www.bankofengland.co.uk/paper/2023/roadmap-for-the-real-time-gross-settlement-service-beyond-2024
#CBDC #digitalcurrency #wholesaleCBDC #retailCBDC #wCBDC #rCBDC #distributedledger #DLT #realtimepayments #RTGS #paymentsystems#banking #financialservices #payments #settlement #API #CHAPS #CARA #crossborderpayments #BankofEngland #centralbanks #England
The sad state of #RealTimePayments for individuals in the US is that I believe I am more likely to do my first #RTP transaction in India. India is so far ahead on RTP and digital IDs. Very impressive!
https://www.finextra.com/blogposting/23728/india-is-testing-upi-for-international-tourists
A Conversation with Mark Gould on FedNow and the Future of Payments, SF Fed Blog, Federal Reserve Bank of San Francisco, February 6, 2023
— Available here: https://www.frbsf.org/our-district/about/sf-fed-blog/a-conversation-with-mark-gould-on-fednow-and-the-future-of-payments/
#FedNow #banking #payments #paymentsystems #realtimepayments #instantpayments #innovation #financialinclusion #financialservices #FederalReserve #FRBSF
@johnblackmore How much more difficult would it be to expand your business into the US based upon the US’s state of #openbanking and inability for #fintech to directly access #realtimepayments?
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