Remove Caps Remove Transaction Limits Remove Volume
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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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How to Choose a Payment Solution That Scales with You

Stax

From handling higher transaction volumes to enabling new revenue models, the right system should grow with you and streamline both your operations and your customers checkout experience. TL;DR A scalable solution adapts to higher volumes, evolving business models, and new payment methods without breaking down or holding you back.

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Examining the PSR’s APP fraud reimbursement cap change

The Payments Association

The Payment Systems Regulator’s decision to lower the cap for APP fraud reimbursements to £85,000. The Payment Systems Regulator (PSR) recently announced a significant change to the cap for authorised push payment (APP) fraud reimbursements. What is this article about? Why is it important? What’s next?

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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. Over one in 10 (12 per cent) expect that surge to top 50 per cent.

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13 Questions to Ask When Evaluating a Merchant Service Provider

EBizCharge

Some providers offer aggregated accounts, which may be suitable for smaller businesses, while others require dedicated merchant accounts, which are typically beneficial for larger transaction volumes or businesses needing greater control over funds. Is there a transaction cap? What’s the approval process like?

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Understanding Risk Management Strategies as a PayFac

Stax

Conducting background checks, assessing their credit, evaluating their business model, verifying their transaction history, and assessing financial stability are just some of the steps required to vet a merchant. To reduce your risk exposure, set volume and transaction limits to cap the amount of losses your business can undertake.

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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations. Keep in mind that wire transfers can be costly, especially when dealing with high volumes. This is because banks consider the transaction cleared once the funds are in the recipient’s account.