Remove Check Clearing Remove Faster Payments Remove Real Time Payments
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Graduating To Faster Payments

PYMNTS

The previously cited Aite Group study found that 42 percent of millennials pay tuition with a card (most likely a debit card), and only 5 percent pay by check. Getting to Class On Time. Paper checks are a costly time-suck, and the entire world is over it (except, presumably, check printers and the USPS).

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What’s Fast And Slow And Read All Over?

PYMNTS

Take faster payments. One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time. Western Union launched its national money transfer, which provided fast payments between people and businesses, in 1871.

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In Sluggish Payments, Who’s To Blame: FIs Or SMEs?

PYMNTS

When the results were published, ACI Worldwide Director of Solution Consulting and Immediate Payments Barry Kislingbury said the findings represent a “great opportunity for banks working with these businesses to demonstrate the value of their real-time payments offering.”.