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Swift says its cross-border payments already meet G20 target

The Swift financial transactions and payments network said 89% of cross-border payments are processed over its network in less than an hour, placing its transaction speed ahead of the G20’s...

Aug 23, 2023
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Article
Payments

Fed hosting FedNow town hall this month

The Federal Reserve said it is hosting a town hall meeting this month on the FedNow Service.

Aug 11, 2023
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Article
Payments Faster Payments

N.Y. Fed says digital ledgers feasible for global payments

The Federal Reserve Bank of New York Innovation Center released reports on its research into an interoperable network for wholesale payments using a distributed ledger shared by multiple entities.

Jul 07, 2023
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Article
Payments

ICBA urging grassroots outreach on credit card routing bill

ICBA is calling on community bankers to urge their members of Congress to oppose legislation to impose routing mandates on credit card transactions.

Jun 27, 2023
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Article
Credit Cards Payments