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Fed Becomes Founding Sponsor Of Faster Payments Council

Fed Becomes Founding Sponsor Of Faster Payments Council
Fed Becomes Founding Sponsor Of Faster Payments Council
December 05, 2019  |  Faster Payments

The Federal Reserve System has joined the U.S. Faster Payments Council (FPC) as a founding sponsor, the Fed announced in a press release on Thursday...

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Target To Open Small-Format Store In Times Square
Target To Open Small-Format Store In Times Square
December 05, 2019  |  Retail

Target has announced that it is going to open a new location in Times Square in New York City by 2022, according to a report...

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Top News In Payments: ECB Has Mulled Public Digital Currency; Grab Debuts Numberless Card In Batches
Top News In Payments: ECB Has Mulled Public Digital Currency; Grab Debuts Numberless Card In...
December 05, 2019  |  News

In today’s top news, the European Central Bank (ECB) has mulled using a public cryptocurrency if international payments inside of Europe stayed too costly. Also,...

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MoneyGram Extends Visa Direct Service To Spain, Philippines
MoneyGram Extends Visa Direct Service To Spain, Philippines
December 05, 2019  |  International

MoneyGram, in partnership with Visa, has expanded its debit card deposit service, which was launched in collaboration with Visa Direct, Visa’s real-time push payments platform,...

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EU Calls For Anti-Money Laundering Reforms
EU Calls For Anti-Money Laundering Reforms
December 05, 2019  |  AML

European Union finance ministers on Thursday (Dec. 5) agreed on strategy for anti-money laundering (AML) reforms and countering the financing of terrorism, Reuters reported. Get...

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UK Regulators Call For Backup Plans Following Bank IT Glitches
UK Regulators Call For Backup Plans Following Bank IT Glitches
December 05, 2019  |  Bank Regulation

U.K. regulators on Thursday (Dec. 5) called on banks and payment firms to set “impact tolerances” for important services after numerous IT failures last year,...

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Visa Offers Scholarships To Train Workers In Dispute Resolution
Visa Offers Scholarships To Train Workers In Dispute Resolution
December 05, 2019  |  VISA

Visa has announced it’s going to start a new certification program in dispute resolution, as well as fund up to 500 scholarships to offset the...

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EU Finance Ministers Say Libra, Other Stablecoins Are Too Risky
EU Finance Ministers Say Libra, Other Stablecoins Are Too Risky
December 05, 2019  |  Cryptocurrency

EU finance ministers came to an agreement on Thursday (Dec. 5) that digital currencies like Facebook’s Libra have no place in the European Union unless...

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AvidXchange Targets Banks’ B2B Payments Friction With AvidPay
AvidXchange Targets Banks’ B2B Payments Friction With AvidPay
December 05, 2019  |  B2B Payments

Commercial payments technology company AvidXchange is connecting banking clients to its AvidPay B2B payments network through a new integration. The company announced on Thursday (Dec....

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