It might take longer than you think for the future of banking to arrive Ripple Labs has been developing an infrastructure for sending international payments between banks using blockchain, according to Fast Company. But instead of relying on a digital currency like Bitcoin, they’ve created XRP, a “digital asset” that carries value across distributed ledger technology. Even … [Read more...] about THE BLOCKCHAIN WATCH 09/25/16
Payments
Payments Milestones
FINTECH ARTICLES OF THE WEEK 09/25/16 Same-day ACH payments rolled out in the United States last Friday. All U.S. bank now settle payments during the business day using the 40-year-old electronic payment system. The United States has a number of years to go before its once cutting-edge electronic systems catch up to the standards of today's state-of-the-art realtime payment … [Read more...] about Payments Milestones
THE BLOCKCHAIN WATCH 09/18/16
First live blockchain trade transaction conducted In addition to speeding up the transaction time, Barclays found a way to cut costs for couriers using the Wave system. The use of blockchain to conduct such transactions reduces processes for banks, reduces risks for fraud and cuts down on delay-related expenses for companies. The Global Trade Review has the full … [Read more...] about THE BLOCKCHAIN WATCH 09/18/16
Prompt Payments
FINTECH ARTICLES OF THE WEEK 04/22/16 Improving the experience for customers while keeping a watch on bank risk dominated discussions at the annual NACHA payments conference. Attendees from banks and the vendors that serve them examined the operational changes and business opportunities available as less expensive and more available same-day payments come to the United States … [Read more...] about Prompt Payments
Payments Push
FINTECH ARTICLES OF THE WEEK 03/04/16 Google makes a technology play to push payments out of the wallet while keeping the phone in the purse or pocket, while the pain at the POS looks to be Apple's next big product. Still, mobile and faster payments face technological, cost, and awareness hurdles, as critical as they may be to the digital success of financial institutions. … [Read more...] about Payments Push
FinTech for Whom?
FINTECH ARTICLES OF THE WEEK 02/05/16 The Federal Reserve moves on faster payments. Articles this week show the progress and the practicalities. Meanwhile, a secondary market starts to develop for marketplace lenders while two of our 2016 trends, regulation and the blockchain, heat up. Fed provides payments progress report Following the release of its Strategies for … [Read more...] about FinTech for Whom?