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Payment company PayFi and The Clearing House (TCH) have partnered to bring real-time payments technologies to the communitybanks on PayFi’s Branch99TM Real-Time Platform, according to a release. “We We are in the middle of an unprecedented disruption in the banking and payments industries,” PayFi Head of Growth Peter Gordon said.
The system would facilitate 24/7 year-round interbanksettlements of faster payments and also provide a liquidity management tool to support transfers between Federal Reserve accounts. Communitybanks and credit unions also offered their backing. The Federal Approach.
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