FEMA Moves to FedNow Payments as Government Shifts Away from Paper Checks
As the federal government nears its deadline for sunsetting paper checks, the U.S. Treasury has begun sending disaster relief payments through FedNow. The Treasury Department was among the first organizations to go live with FedNow when the service launched two years ago. Now, with the Trump administration’s goal of eliminating paper checks by the end […]
EU Moves One Step Closer to Issuing a Digital Euro
After prolonged contention over the direction of the digital euro, European finance officials may have reached a compromise on the strategy for the central bank digital currency (CBDC). The European Central Bank (ECB) has positioned the digital euro as a much-needed counterweight to the dominance of both Visa and Mastercard’s card networks and dollar-backed stablecoins. […]