Central Banking

US needs global payments standards, says industry

Should the US adopt international standards in its domestic payment systems? Surprisingly, "yes" was the overwhelming answer at a packed Sibos, Nick Carver, editor of SPEED, writes from Boston.

Over 80% of the audience said that the US should move its system to international standards that would allow links with other national systems. Only 2% said that the needs of global corporates are adequately serviced by the current model.

While this result might not appear out of the ordinary at an int

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