Payments News

On The Web

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Systems

Russian Banks Act to Decontaminate Cash

“The Russian central bank already keeps banknotes for up to 14 days before distributing them and is now asking other banks to do the same, Vladimir Demidenko, deputy head of its cash circulation department told Reuters.”
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Systems

Another Challenge for Small Businesses: Higher Card Fees Could Be on the Way

“Many small businesses could have another thing to worry about when they come out of a coronavirus coma: higher credit-card fees. Visa Inc. and Mastercard Inc. had planned to raise swipe fees on many merchants this year, and the changes in some cases would be hardest on small businesses, according to people familiar with the situation. It […]
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Systems

French Central Bank to Experiment With Wholesale Central Bank Digital Currency – Ledger Insights – Enterprise Blockchain

“Yesterday the Banque de France announced plans for an experiment to help with clearing and settlement of tokenized digital assets. To that end, it is calling for participants in a wholesale central bank digital currency (CBDC) test for interbank settlement. The announcement doesn’t come as a surprise because the Bank’s Governor Villeroy de Galhau previously […]

On The Wires

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Reports

COVID-19 Crisis Highlights Need for Real-Time and New Digital Payments Services Around the World, New ACI Worldwide Research Reveals

“More than half a trillion real-time payments transactions will be processed over the next five years, according to Prime Time for Real-Time , a new global report from ACI Worldwide (NASDAQ: ACIW) and Global Data . This industry-first research, which analyzes global real-time, account-to-account payment volumes and forecasts across 30 global markets, projects a Compound […]
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Systems

The Digital Dollar Project Names 22 New Advisory Group Members

“A partnership between Accenture (NYSE: ACN) and the Digital Dollar Foundation, the Digital Dollar Project was created to encourage research and public discussion on the potential advantages of a CBDC — or a “digital dollar.” The Project will identify options for a CBDC solution to help enhance monetary policy effectiveness and financial stability; provide needed […]