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Stripe Acquires Orum for Undisclosed Amount

Finovate

Stripe is acquiring payment orchestration startup Orum to enhance its real-time payments capabilities, including FedNow, RTP, and AI-driven instant payouts. “Today, I’m excited to share the next step in our journey: Orum will be joining Stripe,” said Orum Founder and CEO Stephany Kirkpatrick in a blog post announcement.

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Stripe buys payments API provider Orum

Finextra

Founded in 2019, Orum offers an API that allows businesses to launch instant payments fast, with access to RTP, FedNow, Same Day ACH, ACH, Wires, and Visa Direct, without bank integrations or complicated compliance issues.

API
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FedNow and Credit Card Processing

Cardfellow

What is FedNow? FedNow is a real-time payment system created by the US Federal Reserve that went live in the summer of 2023. If processors and banks chose to use FedNow, you could see instant settlement of transactions on the FedNow rails. How does FedNow change credit card usage? Are there competitors to FedNow?

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Stripe joins forces with payments API provider Orum

Finextra

Founded in 2019, Orum offers an API that allows businesses to launch instant payments fast, with access to RTP, FedNow, Same Day ACH, ACH, Wires, and Visa Direct, without bank integrations or complicated compliance issues.

API
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The Impact of FedNow on the US Payments Landscape

Segpay

What is FedNow? Last year, the Federal Reserve launched FedNow, an instant payment service expected to revolutionize the US payment landscape. Since its launch in July last year, about 700 banks and credit unions have joined the FedNow network, and this list is expected to grow as the Fed seeks 8,000 financial institutions.

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How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

More recently, Visa issued public support of bitcoin and other digital assets in a July blog post that similarly highlighted opportunities in real-time payments. There are currently three community banks in the market that provide services to the digital asset arena: Signature Bank , Silvergate Bank and Metropolitan Commercial Bank.

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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. The company wrote in a blog post , “Earlier this month, we became aware of unusual activity involving a third-party service provider.” payments ecosystem implications. DoorDash Says May Breach Hit 4.9M