The following is a guest post from John Browning, founding partner of Hong Kong commodity and financial futures broker BANDS Financial. In reporting on the state of and statistics on the Chinese economy, Browning follows the development of a digital currency by China's central bank. See our post Constructing the Future of Money for an introduction. This post, an excerpt from … [Read more...] about Digital Payments and Currencies in China. They’re Faster.
faster payments
Bridging the Gap to Faster Payments
The vision for a robust faster payments ecosystem in the United States is well-established. There are multiple contenders to bring it to life – from private offerings like The Clearing House (TCH) to the Federal Reserve’s continuing efforts into FedNow – but achieving true ubiquity can seem like an elusive target. How is that gap from vision to reality going to be … [Read more...] about Bridging the Gap to Faster Payments
Making Money Move Faster in the United States
Moving money faster remains a persistent challenge in the United States. Consumers continue their wary adoption of mobile payments; cards remain the primary payment method of choice at the point of sale, and cash in circulation continues to grow faster than U.S. gross domestic product. Corporations, for their part, still prefer checks. The situation is changing, and it’s a … [Read more...] about Making Money Move Faster in the United States
U.S. Faster Payments Present and Future
Everyone wants to get paid faster. As faster payments systems come online from central banks around the world, the United States lags with an aging, efficient, and relatively slow payments infrastructure. That's changing as consumers come to expect payments to work as immediately as commerce in general. The Chicago Payments Forum hosted two startups providing solutions for … [Read more...] about U.S. Faster Payments Present and Future
The FinTech Ultimatum
FINTECH ARTICLES OF THE WEEK 03/18/16 This week's kicker comes from Institutional Investor, which gives yet another warning to banks to pay attention to the FinTech revolution, in all aspects of its business. Indeed, B2B FinTech looks to be gaining some traction. This week's report contains articles covering small-business retirement and wealth management and the interest in … [Read more...] about The FinTech Ultimatum
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