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 ...

The Social Security Administration (SSA) is embarking on a significant transformation by eliminating paper checks and transitioning to electronic payments. This change, effective from September 30, ...

One of the most important lawsuits in the history of the United States has been filed by one advocacy group and two unions, seeking to halt Elon Musk and his Department of Government Efficiency (DOGE) ...

FedNow will be the first of its kind central bank instant payment system in the US and could revolutionize how businesses and consumers pay and receive money. But not everyone is prepared for it.

The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news ...