Faster payments

Even the best technologies take time, making it necessary to rein in expectations about what will happen and won't happen in the coming year.

The software, which was developed by Feedzai, will eventually block payments that appear to be fraudulent or mistaken.

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

As Congress races to fund the government, a criminal justice reform bill could also include the STATES Act, which would provide safe harbor for credit unions serving the legal marijuana industry.

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

Digital funds transfer provider Ingo Money is launching a new software integration with Visa Direct to allow customers to initiate push-to-card payments.

Vocalink, a Mastercard company, signed a contract with Peru’s automated clearinghouse, Cámara de Compensación Electrónica, to modernize the country’s payment infrastructure, including support for real-time payments at all times.

The Fed's faster payments task force is not likely to receive welcoming feedback from current operators who aren't convinced a hands-on role for the Fed is needed.

Even the best technologies take time, making it necessary to rein in expectations about what will happen and won't happen in the coming year.

The Bank of England is upgrading the U.K.’s Real-Time Gross Settlement system. Separately, the U.K. payments authority is developing a New Payments Architecture that will upgrade Britain’s Faster Payments real-time retail system.