Browsing: Payments

Newsbytes BIS calls for ‘unified ledger’ for CBDCs

The Bank for International Settlements released a special chapter of its upcoming Annual Economic Report 2023 that lays out a “blueprint” for a future monetary system underpinned by central bank digital currency.

Newsbytes ABA, BAFT raise concerns with cross-border payments proposal

The Bank for International Settlements’ proposed harmonization requirements for cross-border payments have not struck the right balance, and if mandated in their current form, would make cross-border payments slower, more expensive and less accessible than they are today, according to ABA, BAFT and the Clearing House

Newsbytes Poll: Midsize businesses seek to increase payments options

Newer payments systems such as social tokens and virtual cards are growing more popular among midsize businesses to conduct financial transactions, but traditional payment methods such as checks and physical credit cards still dominate, according to a new survey by Citizens Bank.

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