Fed’s Waller proposes ’skinny’ master accounts for payment innovators

Investing.comTuesday, October 21, 2025 at 1:12:55 PM
In a recent proposal, Fed's Waller has introduced the idea of 'skinny' master accounts aimed at payment innovators. This initiative is significant as it could streamline access to banking services for new financial technologies, fostering innovation and competition in the payment sector. By simplifying the account structure, Waller's proposal may encourage more startups to enter the market, ultimately benefiting consumers with better services and lower costs.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
FlatexDEGIRO reports strong Q3 with commission income driving revenue
PositiveFinancial Markets
FlatexDEGIRO has reported a strong performance in the third quarter, with commission income significantly boosting its revenue. This positive trend highlights the company's effective strategies in the financial services sector, making it a noteworthy player in the market. Investors and stakeholders will be keen to see how this momentum continues in the upcoming quarters.
Quilter’s assets surge as net inflows exceed £2 billion for third quarter
PositiveFinancial Markets
Quilter has reported a remarkable surge in its assets, with net inflows surpassing £2 billion for the third quarter. This impressive growth highlights the company's strong performance in the financial services sector, reflecting increased investor confidence and demand for its offerings. Such positive momentum not only strengthens Quilter's market position but also signals a robust recovery in the investment landscape, making it a noteworthy development for stakeholders and investors alike.
Trump Calls Fed Chair Powell a 'Real Stiff'
PositiveFinancial Markets
President Donald Trump recently praised the US economy, describing it as 'roaring' and highlighting high levels of confidence during a press meeting at the White House. This statement reflects the administration's optimistic outlook on economic growth, which could influence public sentiment and market behavior.
Peoples Bancorp Q3 2025 slides: Loan growth accelerates amid strategic risk reduction
PositiveFinancial Markets
Peoples Bancorp has reported a significant acceleration in loan growth for Q3 2025, showcasing its effective strategies in navigating the financial landscape. This positive trend not only highlights the bank's resilience but also reflects its commitment to strategic risk reduction, which is crucial for maintaining stability in uncertain economic times. Investors and customers alike can take confidence in this performance, as it positions Peoples Bancorp favorably for future growth.
Waller says Fed staff studying streamlined 'payment accounts'
NeutralFinancial Markets
Federal Reserve official Christopher Waller announced that the Fed's staff is exploring the concept of streamlined payment accounts. This initiative could potentially simplify the payment process for consumers and businesses alike, making transactions more efficient. Understanding these developments is crucial as they may influence future monetary policy and the overall financial landscape.
Hub Australia achieves record inflows, surpasses Netwealth in market share
PositiveFinancial Markets
Hub Australia has made headlines by achieving record inflows, surpassing Netwealth in market share. This milestone is significant as it highlights Hub Australia's growing influence in the financial services sector, reflecting investor confidence and a robust strategy. The increase in market share not only positions Hub Australia as a key player but also signals a competitive shift in the industry, which could lead to more innovative offerings for consumers.
SHOCKING Move: Billionaire MrBeast Just Filed for a Crypto Bank – What It Means for Your Money (and Your Kids)
PositiveFinancial Markets
Billionaire content creator MrBeast, known for his philanthropic ventures, has filed for a trademark for 'MrBeast Financial,' signaling his entry into the crypto banking sector. This move could revolutionize how young people manage their finances, making crypto more accessible and potentially reshaping the financial landscape. With MrBeast's influence, this initiative might encourage a new generation to engage with digital currencies responsibly.
Amazon Says Web Services Have Largely Been Restored
PositiveFinancial Markets
Amazon has announced that its Web Services have largely been restored following a significant outage that affected various sectors, including retail, airlines, and social media. This restoration is crucial as it allows businesses to resume operations and serve their customers effectively, highlighting the importance of reliable cloud services in today's digital economy.
Latest from Financial Markets
Beyond Meat shares soar as surging retail interest sparks 'meme stock' euphoria
PositiveFinancial Markets
Beyond Meat's shares have seen a significant surge, driven by a wave of retail interest that has sparked excitement reminiscent of 'meme stocks.' This trend highlights how everyday investors are increasingly influencing the stock market, particularly in the food industry. The rise in Beyond Meat's stock not only reflects growing consumer interest in plant-based products but also showcases the power of social media in shaping investment trends.
US Fed floats plan with smaller capital hikes for big banks, Bloomberg News reports
PositiveFinancial Markets
The US Federal Reserve is considering a plan that would allow for smaller capital hikes for big banks, according to a report by Bloomberg News. This potential shift could ease the financial burden on these institutions, promoting stability in the banking sector. By reducing the capital requirements, the Fed aims to foster a more resilient banking environment, which is crucial for economic growth and consumer confidence.
European luxury groups hedge bets on predicting China comeback
PositiveFinancial Markets
European luxury groups are cautiously optimistic about a potential comeback in the Chinese market, which is crucial for their growth. As consumer behavior shifts and the economy shows signs of recovery, these companies are adapting their strategies to better align with the evolving preferences of Chinese consumers. This matters because a resurgence in China could significantly boost sales and profits for these luxury brands, impacting the global market.
ACNB Corporation raises quarterly dividend by 11.8% to $0.38 per share
PositiveFinancial Markets
ACNB Corporation has announced an impressive 11.8% increase in its quarterly dividend, raising it to $0.38 per share. This move is significant as it reflects the company's strong financial health and commitment to returning value to its shareholders. Investors can look forward to enhanced returns, which is a positive signal for the company's future growth and stability.
RE/MAX expands global footprint with new Morocco franchise
PositiveFinancial Markets
RE/MAX is making waves in the real estate market by expanding its global footprint with a new franchise in Morocco. This move not only signifies the company's growth strategy but also opens up new opportunities for local agents and homebuyers in the region. With RE/MAX's established brand and resources, the Moroccan market can expect enhanced services and a wider range of properties, making it an exciting time for real estate in the country.
HomeTrust Bancshares reports Q3 net income of $16.5 million
PositiveFinancial Markets
HomeTrust Bancshares has reported a strong third quarter with a net income of $16.5 million, showcasing the company's solid financial health and growth potential. This positive performance is significant as it reflects the bank's effective strategies in navigating the current economic landscape, which could inspire confidence among investors and customers alike.