Author: ebaileytassat

Tassat goes multicurrency for bank blockchain payments

This week Tassat Group announced its B2B digital payment solution is going multi currency in June. In addition to existing U.S. Dollar payments that have reached $1.3 trillion on its permissioned blockchains, from June the platform will support Euro, Yen, Pounds and Canadian dollars, with more planned. The solution has been adopted by a handful of regional […]

Tassat® Group, Inc. Announces Multi-Currency Offering

Leading B2B payments provider to offer capabilities for banks to hold and manage multiple fiat currencies within a single wallet May 23, 2023 08:00 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Tassat® Group, Inc., the leading provider of real-time digital payments solutions for commercial banks and their business-to-business (B2B) clients, today announced a new multiple fiat […]

Why Blockchain Is Redefining Payments for Midsize, Community Banks

In the weeks following Silicon Valley Bank’s downfall, the 25 largest U.S. banks experienced a $120 billion increase in deposits, according to the Federal Reserve. Meanwhile, the nation’s midsize and community banks saw deposits fall by over $108 billion during the same time period. This represented the largest weekly decline of non-megabank deposits in history […]

Tassat delivers blockchain-based, real-time B2B payments

Private permissioned blockchains are a key feature of Tassat’s B2B payments and financial services for banks. Best of all, chief information security officer Al Berg said they are compliant while easily operating within U.S. regulations. Tassat’s Digital Interbank Network is the world’s first blockchain-based, real-time payments network operating entirely within the existing regulatory framework of the American banking system. […]

Tassat Joins Forces with Technology for {You}th, Provides $10,000 in Scholarship Funding to Support STEM Education for Underrepresented Communities

Partnership equips students with technology skills training and networking opportunities April 25, 2023 09:00 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Tassat® Group Inc., the leading provider of private blockchain-based business-to-business (B2B) real-time payments and financial services solutions to banks, today announced its partnership with Technology for {You}th, a non-profit organization and enrichment program that empowers underrepresented […]

Developer of Signature Bank’s 24/7 payment system Signet calls crypto ‘a distraction’

Before its failure in mid-March, New York-based Signature had earned a reputation as a crypto-friendly bank, thanks in large part to its groundbreaking Signet real-time payments platform. With Signet, companies could process transactions outside of business hours, making it an essential tool for key crypto functions such as minting and redeeming stablecoins. Many in the crypto industry lamented the […]

America Needs Its Small Banks

The SVB collapse raises the specter of Europe-style consolidation, which would make it much harder for entrepreneurs and farms to get credit. By Kevin R. Greene and John Michaelson The recent events surrounding Silicon Valley Bank and Signature Bank have created unprecedented challenges for the health of community, midsize and regional banks. We are headed […]

Tassat blockchain to join FedNow service with B2B onramp as pilot prepares for launch

Derek Anderson March 14, 2023 The New York-based fintech said it will provide an API to allow clients to access the new Federal Reserve real-time payment service when it premiers. Blockchain operator Tassat announced March 14 that it will provide access to the United States Federal Reserve’s FedNow payment system. FedNow, which will launch as […]