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US Faster Payments Task Force sets ambitious goal for 2020

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The Federal Reserve’s Faster Payments Task Force isn’t kidding when it says it wants every US consumer and business to be able to accept faster payments by 2020.

Crédit Agricole CIB automates US reg reporting with AxiomSL

AxiomSL gains new US client

Crédit Agricole Corporate and Investment Bank (CIB) is implementing AxiomSL’s regulatory reporting system at its New York branch.

Torstone’s Inferno backs BNP Paribas in Fed Reserve deal

BNP Paribas Securities Services

BNP Paribas Securities Services has become a direct securities participant to the US Federal Reserve through FedLine, its online financial services information and payment service. The company, a subsidiary of the BNP Paribas group, says this completes its direct connectivity to the US market on all securities instruments. BNP uses Torstone Technology’s post-trade securities and […]

Dwolla offers FiSync platform to US Fed’s faster payments plan

dwolla

US payments start-up Dwolla has submitted its FiSync platform as part of its faster payments proposal to the Federal Reserve-chartered Faster Payment Task Force. The Fed-chartered initiative, comprised of over 500 Faster and Secure Payments Task Force members, has been tasked with representing, addressing, and assessing “improved” payments systems. Dwolla is offering FiSync, a communication […]

Old left cold by US mobile banking

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Only 18% of consumers aged 60 or over in the US use mobile banking, according to a study from the US Federal Reserve. In its 86-page report “Consumers and Mobile Financial Services 2016”, the Federal Reserve reported its findings from a survey which focused on consumers’ use of mobile technology to “access financial services and […]

Real-time payments: coming to America?

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When the US Federal Reserve Banks asked for comments on improving the US payments system, the tech industry and merchants said “let’s go” while the incumbents said “whoa, not so fast” …

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