Despite fierce resistance from conventional banks, the Fed is moving forward with plans to grant direct access to its payment systems to cryptocurrency exchanges and financial technology companies. In ...

The Fed's development of new payment systems has been significantly delayed. Payment system improvements by the Fed are often reactive rather than proactive. Current payment systems operate like batch ...

Banks have formalized their opposition to giving crypto and fintech firms direct access to the Federal Reserve’s payment ...

Fintech groups are pressing the Fed to loosen payment access for non-banks, setting up a clash with banks over risk and crypto exposure.

A prototype payment account carries undue restrictions, fintech groups said in response to a Fed proposal that offers expanded real-time payments access.

Ripple has officially participated in the United States Federal Reserve’s public discussion process regarding the Reserve Bank Payment Account pilot proposal under Docket OP-1877. The fintech company ...

Industry watchers welcomed the idea of “skinny” master accounts as another sign of the end of crypto’s banking troubles, which insiders described as “Operation Chokepoint 2.0.” The US Federal Reserve ...

The Federal Reserve (Fed) has unveiled plans to grant stablecoin issuers and fintech companies direct access to its payment infrastructure without requiring partnerships with traditional banks. The ...

The government and the crypto firms are moving closer towards banking regulations. The U.S. Federal Reserve is moving forward with a proposal to create a streamlined version of its master accounts.

The Federal Reserve Board requested public comment on a so-called "payment account" that financial institutions would use solely for clearing and settling their payments, the central bank said on ...