Remove Caps Remove Payee Remove Transaction Limits
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RTP® and FedNow Transaction Limit Increases Fuel Instant Payments Surge

Fintech Finance

New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instant payments significantly more attractive for U.S. 84% of US banks say the new $10 million RTP® limit boosts its attractiveness, and 84% believe raising FedNow’s $500,000 cap will have the same effect.

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What You Need to Know about Singapore’s Upcoming Shared Responsibility Framework

Fintech News

FIs and PSPs must also send real-time alerts for high-risk actions, such as new device logins, contact detail changes, transaction limit increases, and the addition of new payees, allowing consumers to respond swiftly to suspicious activity.

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RedCompass Labs Reveals 8 in 10 US Banks are Happy With RTP and FedNow Instant Payments Limits

The Fintech Times

Instant payments are becoming significantly more attractive for US banks finds RedCompass Labs , the payments experts, as it finds that 84 per cent of US banks say the new $10million Real-Time Payment (RTP) network limit and $500,000 FedNow cap are a good thing. Surprisingly, earned wage access came in ninth place (29 per cent).

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