# Professor Richard Levich is quoted in a story on tech companies' desire for the Federal Reserve to create a real-time payments system

1 Faculty News July 29, 2019 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](https://blogs.thomsonreuters.com/answerson/tech-giants-payments-network/) -- "'What we need is an improvement in the payments and exchange system and not necessarily a new currency,' [Richard Levich](https://www.stern.nyu.edu/faculty/bio/richard-levich), professor of finance and international business at NYU’s Stern School of Business, told Regulatory Intelligence."

[Read more](https://blogs.thomsonreuters.com/answerson/tech-giants-payments-network/)