Two significant developments highlight this evolution: the ongoing progress of the Real-Time Rail (RTR) payment system and the vibrant discussions at the 2025 Payments Canada SUMMIT. These ...

Countries in the Nordic region are leading the way in digital payments, with cash usage across the region falling to below 10%, and digital mobile payment ... a bank’s IT system goes down ...

A pair of Democratic lawmakers in New York are asking the state’s Department of Financial Services to halt X owner Elon Musk from starting a payment system on his platform. Assemblyman Micah ...

But this is not simply a matter of economic calculations. Far more importantly, the GPN and QRIS are a manifestation of sovereignty over our national payment systems. Areas of economic sovereignty ...

A pair of Democratic lawmakers in New York are asking the state’s Department of Financial Services to halt social media company X owner Elon Musk from starting a payment system on his platform.

This book makes a practical contribution to increased understanding of payment system design and management and of the relationship between the payment system and monetary policy.

This paper develops a composite risk indicator to evaluate the criticality of participants in a large value payment system network, combining liquidity risk and interconnections in one approach, and ...

Under the Payment Clearing and Settlement Act, the Bank is responsible for the oversight of FMIs that have the potential to pose systemic or payments system risk. These include three types of ...

30. This means all payments after that date will be sent digitally, including direct deposits, debit and credit cards, digital wallets and other real-time payment systems to reduce the overall ...

VILNIUS, May 9 (Xinhua) -- Lithuania is developing a card payment system to be used in the event of an internet outage, Simonas Krepsta, member of the Bank of Lithuania's board, said on Friday. "The ...

Finland, Sweden, Norway, Denmark, and Estonia are now working together on an ambitious plan to introduce offline card payment systems — a safeguard against potential disruptions to internet ...