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Who knows their IBAN and BIC?

A question came up in today’s EBA sessions for Joe Pawelczyk, Vice President for International Relations at CHIPS, the American Clearing House for over $2 trillion of wire payments each day. The question seemed quite simple: “Why doesn’t America use IBANs for their bank account …

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Who knows their IBAN and BIC?

A question came up in today’s EBA sessions for Joe Pawelczyk, Vice President for International Relations at CHIPS, the American Clearing House for over $2 trillion of wire payments each day. The question seemed quite simple: “Why doesn’t America use IBANs for their bank account …

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Europe lacks a Leader

I don’t write about politics, because I am not a political creature. However, I felt compelled to write about this subject after Europe’s soul-searching over its identity since the Irish threw out the EU Treaty. The fact that the Constitution and the Treaty are unwanted …

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Payments fraud: the word from the Fed

There was a lot of buzz around this year’s Federal Reserve Bank of Chicago’s Payments Conference, “Payments Fraud: Perception versus Reality”. First, there’s the sheer numbers involved. For example, it is estimated that each year $3.5 billion worth of chargeback losses occur in the USA …

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