Satoshi Nakamoto Blog

Category : real-time payments

ACH Faster Payments Federal Reserve Payments Policymaking real-time payments The Clearing House Association

‘We want to take the time to get it right’ — Fed’s Montgomery on FedNow

Ken Montgomery, who is heading up the Federal Reserve’s faster payments network, says the agency is taking an incremental approach to launching the service. Read...
CRA FDIC Federal Reserve FedNow ILCs Jelena McWilliams Randal Quarles real-time payments Senate Banking Committee Sherrod Brown

Democrats seek assurance regulators won’t weaken CRA

WASHINGTON — Bank regulators have not yet even published their long-awaited draft on reforming the Community Reinvestment Act and Democratic lawmakers are already worried that...
authentication Digital payments Early Warning Encryption Federal Reserve mobile payments real-time payments The Clearing House Association Zelle

The gaping security holes plaguing real-time payments

Stephen Lange Ranzini, CEO of University Bank in Ann Arbor, Mich., says The Clearing House’s RTP and Early Warning’s Zelle real-time payment networks fail to...
Capital requirements Digital Currencies Federal Reserve Federal Reserve Bank of Cleveland FedNow Loretta Mester Randal Quarles real-time payments Stress tests The Clearing House Association

FedNow is necessary, Fed digital currency is not: Mester

CLEVELAND — The Federal Reserve’s pending creation of its own real-time payments network has won plaudits from community bankers, but there are questions about how...
Community banking Digital payments Faster Payments Jack Henry & Associates online payments real-time payments The Clearing House Association

15 community banks join The Clearing House’s real-time payments network

Despite some skepticism by community banks of The Clearing House’s real-time payments network, it announced Tuesday that 15 small institutions have joined. It is unclear...