Remove ACH Remove Check Clearing Remove Faster Payments
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Graduating To Faster Payments

PYMNTS

It seems extra crazy for the education market, considering that the people taking out and paying off college loans today don’t rely much on checks and don’t see paper in their future – in fact, they don’t even see it in their present. The writing is on the whiteboard: School’s out for paper payments. Tuition Goes to Grad School.

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The Fastest Path To Faster Payments In The US

PYMNTS

The path to faster payments in the U.S. doesn’t have to be paved with a 500+ person task force analyzing what the world would look like if we were starting from a clean sheet of paper, competing propositions for who’s going to build and operate a new set of rails, or even what sort of spiffy software can make existing rails faster.

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What’s Fast And Slow And Read All Over?

PYMNTS

Take faster payments. The company that commercialized the idea and consolidated the market to establish the first global faster payments network was Western Union in 1851. Western Union launched its national money transfer, which provided fast payments between people and businesses, in 1871. back in 2014.

Fed
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In Sluggish Payments, Who’s To Blame: FIs Or SMEs?

PYMNTS

When the results were published, ACI Worldwide Director of Solution Consulting and Immediate Payments Barry Kislingbury said the findings represent a “great opportunity for banks working with these businesses to demonstrate the value of their real-time payments offering.”. And, in fact, there is an increasing number of SMEs in the U.K.