The Federal Reserve on Wednesday (Sept. 16) raised the target range for the federal funds rate by a quarter percentage point to 3.75% to 4%, saying inflation remains elevated. In its accompanying implementation decision, the Fed raised the interest rate paid on reserve balances to...
Bottomline, a top-three provider of Swift services, has partnered with Chainlink to give more than 600 bank customers access to blockchain-based cross-border settlement. The deal is one of the largest efforts yet to link the Swift messaging network, which banks have relied on for decades,...
Mastercard plans to expand its settlement capabilities to give issuers and acquirers more choice in how and when they settle transactions. The new capabilities will include stablecoin, intraday, holiday and weekend options, the company said in a Wednesday (June 3) press release emailed to PYMNTS....
Senator Dick Durbin (D-Illinois) said Monday (Nov. 17) that the proposed settlement in the 20-year Visa and Mastercard “swipe fees” legal battle “falls short” of providing a true solution to “outrageous swipe fees” on credit card transactions. Durbin is the Senate Democratic whip, the ranking...
March 02, 2023
A delay, but no setback. Richard Dzina, senior vice president of product development for CHIPS at The Clearing House, told PYMNTS the recent rescheduling by the largest private sector clearing and settlement system to the new ISO 20022 standard is simply a nod to what he said is a “global choreography” taking place between far-flung […]
October 07, 2026
Financial institutions that are using the Bank of North Dakota’s (BND) new stablecoin, Roughrider Coin, are finding that it delivers practical benefits, BND said in a Monday (Oct. 5) press release. The stablecoin went live Oct. 1, according to a press release issued at the time by Fiserv, the global provider of payments and financial […]
September 03, 2026
Bottomline, a top-three provider of Swift services, has partnered with Chainlink to give more than 600 bank customers access to blockchain-based cross-border settlement. The deal is one of the largest...
June 03, 2026
Mastercard plans to expand its settlement capabilities to give issuers and acquirers more choice in how and when they settle transactions. The new capabilities will include stablecoin, intraday, holiday and...
November 17, 2025
Senator Dick Durbin (D-Illinois) said Monday (Nov. 17) that the proposed settlement in the 20-year Visa and Mastercard “swipe fees” legal battle “falls short” of providing a true solution to...