Check Clearing Real Time Payments Settlement 
PYMNTS
AUGUST 9, 2020
Not everyone favors the Federal Reserve Board’s launch of its settlement service designed to eliminate the three-day check clearing and support instant payments in the U.S. Big banks said the Fed’s involvement will only serve to slow adoption of real-time payments. payment system.
PYMNTS
APRIL 8, 2020
Many insurers offer mobile apps that enable customers to purchase plans, submit claims, upload accompanying photo documentation and receive their funds digitally, for example, with APIs facilitating apps’ payment and settlement services. APIs are applicable in many other sectors, too. Making Money Move.
PYMNTS
JULY 24, 2017
But recommendation number five is for the Fed to “determine the optimal design of and implement a 24/7/365 settlement service to serve the needs of the faster payments system…and level the playing field.” It’s also a puzzle that we’d even look to the Feds in the first place to drive payments innovation.
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