As commerce accelerates and consumers and small businesses increasingly expect continuous sale, purchase, and delivery of products, the Federal Reserve announced today that it is seeking comments on a realtime payments settlement system. Fed governor Lael Brainard, who chairs the board's Payments, Clearing, and Settlements committee, made the announcement in a speech to the … [Read more...] about Fed Suggests Realtime Payments Settlement Scenarios
Payments
Payments Potential
THE WEEK IN FINTECH v3.17 From realtime to person-to-person and crypto, digital payments continue to change the payments landscape in the United States. Even so, cash is back, to the detriment of one growing business, as covered in this issue's links. Corporates are paying attention to realtime payments "RTP is poised to reshape how U.S. businesses make and receive … [Read more...] about Payments Potential
The Mobile Mainstream
THE WEEK IN FINTECH 01-24-2017 "Changing consumer preferences and behaviors are focused on ease of use, convenience, and immediacy of payment that can be obtained through the mobile channel," reports the Federal Reserve Bank of Boston in its most recent mobile payments study. Yet the mobile experience in the mainstream of U.S. commerce hardly meets that ideal. "Mobile … [Read more...] about The Mobile Mainstream
The Payments Elephant
THE WEEK IN FINTECH 12/08/17 I moderated a meeting of the Chicago Payments Forum last night at the Accenture Innovation Center to discuss payments developments in 2017 and how they will affect the business in 2018 and beyond. In putting together the overview, it occurred to me that right up front we had to address the elephant in the room: bitcoin. At Money2020 at the end … [Read more...] about The Payments Elephant
Mobile Payments Past and Future
FINTECH ARTICLES OF THE WEEK 08/31/17 More than 50 people showed up on a lovely late-summer Chicago evening to listen to me and two panelists from the Federal Reserve Bank of Chicago talk about “Mobile Payments: Looking Back, Looking Forward.” We were thrilled at the turnout, as was co-sponsor FinTank. In the first of what will be an ongoing series, participants got a sense … [Read more...] about Mobile Payments Past and Future
Payments Innovation 2017
Payments Innovation 2017 John Chaplin, Chairman, Global Payments Innovation Jury Payments continues to experience unrelenting innovation worldwide, with established players trying to defend and grow their existing business and new market entrants aiming to grab a share of the market for themselves. While operating margins are under pressure, the payments sector remains … [Read more...] about Payments Innovation 2017