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Welcome to Innovating Payments Top 3 News Headlines for the week of May 31, 2022. The Federal Reserve's new vice chair, Lael Brainard, told Congress that a federally issued digital dollar will not cut banks out of the banking system. In other news, the Federal Reserve Board finalized a rule that provides a comprehensive set of rules governing funds transfers over the FedNow Service and legal certainty and clarity on the rights and obligations of parties to a transfer over the FedNow Service. Also in this issue, The Clearing House announced that CHIPS, a private sector USD clearing and settlement system in the world, remains on schedule to implement the ISO 20022 message format in November 2023 as planned. Read on to learn more: https://lnkd.in/gTXEze6G. #industrynews #payments #federalreserve #fednow
