Payments
Eurozone outlines payment verification system
ECB says new service will build on work by Portuguese and Latvian central banks
Fed researcher unveils card fraud simulation model
Author says paucity of data means simulation is increasingly important in study of payment fraud
Digital euro could aid EU competitiveness – Cipollone
ECB board member argues for CBDC as bank says national card payment schemes are declining
Iraq to develop CBDC as part of wider digitisation drive
Central bank governor says e-payment methods will gradually supplant paper money
Preference for cash ‘can inhibit digital payment innovations’
Panellists at Central Banking Spring Meetings discuss hurdles and opportunities in sector
Fed researchers unveil more secure payment system model
Byzantine fault tolerant system can process 110,000 transactions per second
Norges Bank considers joining T2
Norwegian central bank says it anticipates deal could be reached this year
Brazil to enable Pix for contactless instant payments
BCB-managed platform to have point-of-sale function by late February
Rwanda and Ghana to connect payment systems
Rwandan central bank governor reveals plans to increase financial inclusion with CBDC, microfinance
India reports hundredfold growth in digital payments since 2012
Central bank’s deputy governor says cross-border payments remain expensive and slow, however
Bank of Canada study calls for standard accessibility practices
Academics say current banking infrastructure is inadequate for people with disabilities
Vietnam and Laos launch local currency settlement framework
Central banks also set up cross-border QR payments link
West Balkan central banks to create instant payments system
Albania, Bosnia and Herzegovina, Kosovo, and Montenegro to launch Tips clone in 18 months
Finland’s fintech head on retail CBDCs versus instant payments
Payments unit leader Aleksi Grym discusses overlaps and synergies for retail CBDCs and instant payment systems in Finland and the eurozone
Mainland China and Hong Kong deepen financial ties
PBoC and HKMA announce new measures to promote renminbi use
Brazil grants Paysafe licence for online gambling market
BCB gives UK-based company green light to operate as payment institution for newly regulated sector
Central Bank of Kuwait puts limits on online card transactions
Bank restricts volume and quantity of payments, and urges use of one-time passcodes
CPMI outlines backing for payments data harmonisation
BIS committee aims for greater harmonisation of ISO 20022 to support cross-border payments
Bank Indonesia completes wholesale CBDC proof of concept
Experiments show two DLT-based platforms are capable of serving as a ledger
RBA official: industry needs ‘common vision’ for fast payments
Assistant governor says transaction costs and end users’ requirements need to be addressed
BSP completes wholesale CBDC proof-of-concept tests
Central bank names off-hours interbank payments as potential use case