December 12, 2022
CE 100 Index Slips as WeWork Plummets 23%
Recession fears mounted this past week, and stocks tumbled. 2022 is largely in the rearview mirror, and in looking ahead, investors — and some heavy hitters on Wall Street and...
December 07, 2022
NY Fed, Top Banks Test ‘Watershed’ Digital Dollar Project
A group of large banks is preparing to test a shared digital asset settlement platform. According to the announcement, the study is set to take place over the next 12...
November 29, 2022
FIs Need More Than Refunds to Address Zelle Scams
For banks, reimbursing victims of Zelle-related fraud is only a partial solution. It’s a retroactive redress. But to really address the issue, financial institutions (FIs) will need every technologically advanced tool...
November 28, 2022
US Banks Devising Plan to Reimburse Zelle Scam Victims
Seven of America’s largest banks are reportedly working on a plan to reimburse victims of scams on their payment network Zelle amid calls for greater oversight in the peer-to-peer payment...
November 28, 2022
Instant Payments Help New Payments Ecosystems Blossom
Faster payments take center stage this coming year, as FedNow, the U.S.-based instant payments network, gets up and running. But as Wells Fargo Head of Enterprise Payments Strategy Ulrike Guigui...
November 17, 2022
Wells Fargo and HSBC Add Offshore Yuan to FX System
Wells Fargo and HSBC, two of the world’s largest banks, have added the offshore version of China’s yuan (CNH) to their blockchain-based foreign exchange (FX) settlement system. The offshore yuan...
November 15, 2022
10 US Banks Participating in Test of Interoperable Digital Money...
Ten members of the banking community are working with the New York Innovation Center (NYIC), which is part of the Federal Reserve Bank of New York, to explore the feasibility...
November 10, 2022
Trustly Inc. CEO Says Stars Aligning for Pay by Bank
In payments, great ideas are sometimes just ahead of their time. People aren’t keen on embracing new ways of transacting. Or the technology isn’t ready, may not be easy to...
November 06, 2022
CFPB Seeks $1B+ in Fines From Wells Fargo
The Consumer Financial Protection Bureau (CFPB) wants Wells Fargo to pay more than $1 billion for alleged mistreatment of customers, a settlement that would surpass the agency’s record … last...
