Barron: Lowering barriers to cross-border payments

In the speech 'Lowering barriers to cross-border payments' given on 5 May Patrick Barron of the Atlanta Fed said we share a common goal to reduce international payment costs and provide banking services to millions of people who don't currently have bank accounts.

Retail banks in the United States and Mexico now have the benefit of the Fed's ACH service, Barron said. "It's our job to help them understand it, but we can't tell them that they have to use it or how to use it. Ultimately, banks have

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