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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Take two announcements from just last week, related to the evolution of faster payments in the U.S. First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. Then came PayPal’s debut of Instant Transfer to Bank.

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Does Everyone Win With Faster Payments?

PYMNTS

The March edition of the PYMNTS Faster Payments Tracker TM , powered by NACHA, covers the latest news and developments in the Faster Payments world, including the most recent notable player forays with the blockchain, like IBM ’s recent announcement of Blockchain-as-a-Service. The Power Of Payments.

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Auto Lenders Use AI To Drive Safer Real-Time Disbursements

PYMNTS

They can eliminate the pain points in business-to-consumer (B2C) transactions by keeping consumers from waiting to receive their funds, while businesses are witnessing the advantages of using real-time payments when transacting with each other. Nacha — which governs the Automated Clearing House (ACH) in the U.S. —

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The Data Behind B2B Payments’ API Excitement

PYMNTS

They range from financial giants like Mastercard and PayPal to smaller firms like Payment Rails, Figo and Dwolla. 6 percent: the portion of same-day ACH volume that constituted B2B payments during the first 11 days of NACHA’s launch of the service.

API
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Deutsche Bank Links Faster Payments To Faster FX Management

PYMNTS

Corporates may not be adopting faster and real-time payments technologies as fast as consumers, but that doesn’t mean the acceleration of payments isn’t impacting corporate finance. But FX management isn’t the only area of corporate treasury seeing positive disruption from faster payments.

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Faster Payments Make Inroads In Corporate Treasury

PYMNTS

With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. Yet there is some adoption of faster payment technologies among corporates. In the U.S.,

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For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine. But the industry and its service providers must first address the issue of moving data quickly and efficiently before insurance companies embrace faster B2B payments, said Peters.