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SRM Teams Up with Cooperative Credit Union Association

Finovate

Headquartered in Memphis, Tennessee, SRM made its Finovate debut at FinovateFall 2023 in New York. The company made its Finovate debut at FinovateFall 2023 in New York. “SRM’s expertise aims to unlock new opportunities in payments, sourcing, technology, and member experience for the CCUA’s member credit unions.”

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FPC 2023 Fall Member Meeting

Faster Payments Council

This in-person event will take place on September 26-27, 2023, at the Hyatt Centric Beale Street Memphis in Memphis, TN. The RFP Customer Experience Work Group selected consumer-to-business bill pay as an initial use case, producing industry standards focused on this goal.

FPC
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Modern Treasury Drives Growth of Instant Payments with Leading Banks

Fintech Finance

Instant payments use the FedNow service, developed and launched by the Federal Reserve in July 2023, and the RTP® network, launched in 2017 by The Clearing House. As the adoption and coverage of RFP grows, customers can leverage it for faster, irrevocable, 24×7 pay-ins while also using it to address ACH’s insufficient funds risk.

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AI Impact in 2024: Predictions By INZMO, Toqio, Midaxo, DECTA, Alveo, Infosys, BlueFlame, Tax Systems

The Fintech Times

We’re pleased to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024. “AI was experimented with in 2023 but the industry had not yet set clearly defined objectives, pre-identified use cases and coherent strategies.

AI
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What is e Sourcing?

Nanonets

💡 In its 2023 Global Chief Procurement Officer (CPO) Survey , Deloitte recaps its survey statistics and describes how Chief Procurement Officers create value. See Nanonet’s blog article for the differences in RFQ vs. RFP.  Some eSourcing tools include automated vendor scoring and evaluation.

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How Banks Can Overcome 10 Challenges with FedNow Payment Sending and Acceptance

Finovate

Federal Reserve’s instant payment service went live in July of 2023. per RFP message, charged to the requestor. FedNow, the U.S. Now, 15 months later, adoption rates have been unpredictably slow, especially when it comes to banks that are able to send FedNow payments.

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Real-Time Payments: What’s Ahead, and How to Fight Fraud

FICO

Request for pay (RfP) . In January 2021 the Fed launched a FedNow pilot program consisting of more than 200 financial institutions and processors that will help support the development, testing, and adoption of FedNow, which is slated to go live in 2023. P2P real-time transactions. The Federal Reserve is a second key player.