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Real-time payments: The innovation opportunity many banks are missing

The Payments Association

Regarding the first point, these legacy issues are the banks’ major roadblocks, as their systems are unable to withstand the speed, volume, and security required for real-time payments. Integrating instant payments with existing systems can be challenging.

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Digital Transformation Accelerates Emerging Payment Platforms

PYMNTS

Modernization is also accelerating because the pandemic and consumer desires to maintain social distance are increasing the need for payments’ digital transformation. Scaffidi said things are moving fast enough that the European Central Bank (ECB) is currently considering the consequences. “We

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Businesses Are Ready To Make The RTP Leap

PYMNTS

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. A new survey from Citizens Bank says businesses are jumping into the real-time payments opportunity. ” AscendantFX Eyes Payment Tracking With gpi.

RTP
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Banking Data Monetization: Customer Demands, New Rules, and Revenue Prospects

Fintech News

Internal or indirect methods include using data to make measurable business performance improvements and inform decisions, while external or direct methods include data sharing to gain beneficial terms or conditions from business partners, information bartering, selling data outright, or offering information products and services.

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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

He said there are going to be some institutions that will want to connect with both instant payment services — FedNow and The Clearing House (TCH)’s real-time payments ( RTP ) network — in a desire to ensure resiliency and redundancy to support outages in one system to the other, if they were to occur.

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ACI Worldwide and Arab Financial Services Look to Drive Payments Modernisation Across MEA Region

The Fintech Times

ACI Worldwide , the real-time payments software provider, has partnered with Arab Financial Services (AFS), the Middle East and Africa region’s digital payment solutions provider and fintech enabler, to collaboratively drive digital payments modernisation for banks, fintechs and merchants across the region.

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ACI Worldwide and Arab Financial Services To Drive Payments Modernization for Banks and Merchants in the Middle East

Fintech Finance

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , has announced a 10-year strategic partnership with Arab Financial Services (AFS) , the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler.