Payment processing

As the banking industry moves closer to adopting a faster payments system, bank executives have begun to think through the impact it will have on clients and banks themselves.

Canada's payments modernization initiative is using a distributed ledger to expedite processing across a nationwide network, providing scale that could open the technology to wider use elsewhere if successful.

The advent of blockchain technology may prove to be disruptive to traditional credit reporting agencies by decentralizing data aggregation and allowing consumers to take ownership of their data through a personalized wallet they could share with prospective lenders, writes Alexander Koles, CEO, founder and managing director of Evolve Capital Partners.

Credit unions based in California, Michigan, Illinois and South Carolina have rejoined the CUSO’s fold.

This week's first transaction over The Clearing House's Real-Time Payments system may be a huge step for speeding up payments in the U.S., but it also highlights the long road still ahead.

The system went live Monday with a real-time transaction between BNY Mellon and U.S. Bank. Those banks will soon be joined on the network by Citi, JPMorgan, PNC and SunTrust, which together represent the financial industry’s earliest adopters of RTP.

Bipartisan proposal would remove the SIFI label from more than two dozen banks; European regulator cautions investors on the risks as bitcoin price plunges.

Viewpoint's Henry Ferguson has heard the arguments against digitization firsthand, when checking with advisers who take the temperature of people in the construction industry.

It is important to have the right layers of security in place, ideally those that evaluate passive and behavioral biometrics, as they are proving to be the most reliable, writes Robert Capps, authentication strategist and vice president of NuData Security.

As the banking industry moves closer to adopting a faster payments system, bank executives have begun to think through the impact it will have on clients and banks themselves.