Payments Source

AUGUST 5, 2019

Addressing payment security and achieving interoperability with a rival, private-sector network are just some of the challenges the central bank faces in building a government-backed real-time payment system.

Real Time Payments

PYMNTS

AUGUST 3, 2020

.” So it may seem like a big leap in the world of payments for a bank to be built on the foundations of blockchain and digital assets — but as Long pointed out, Avanti will be far from the only one to operate in the space, even in the U.S. “This is not a short-term prospect,” said Long.

Real Time Payments

PYMNTS

NOVEMBER 2, 2020

While much has been written about India’s vast unbanked population — roughly one-eighth by the World Bank’s estimates — the more important issue to really look at is how much of India ’s population is under banked , Mandar Agashe , founder, managing director and vice chairman of Sarvatra Technologies told Karen Webster.

Debit Card

PYMNTS

AUGUST 10, 2020

Waiting for the Fed — and its promise of interoperability, which requires participation from the private sector — is akin to playing the (very) long game. Waterhouse said that getting banks to sign on is about showing them the relevant use cases that will drive revenue and even new customer acquisition.

Real Time Payments

PYMNTS

FEBRUARY 4, 2019

Community banks and credit unions also offered their backing. They stated that major banks have too much control over the RTP system and that they regarded the Fed as a compelling and more equitable alternative to achieving payments ubiquity.

Faster Payments

PYMNTS

APRIL 25, 2019

For TCH, making that case includes recent efforts to appeal to community banks and credit unions (CUs) to convince them that a system owned by major banks will serve all players — with no need for the Fed to get involved. Deep Dive: Making Real-Time Payment Schemes Universal and Interoperable. Read more in the Tracker.

Real Time Payments

Finovate

OCTOBER 16, 2024

Banks connected to the FedNow network range in size from under $500 million to more than $3 trillion in assets. Of the FedNow participants, 78% are community banks and credit unions. Close to 60% of the financial institutions on board with FedNow can receive payments, while only 40% of firms have signed up to send payments.

FedNow

Fintech News

OCTOBER 28, 2024

Finalists in the corporate categories were evaluated based on impact, sustainability, practicality, interoperability, and creativity, while individual submissions were assessed on contributions to the Singapore fintech sector. Four finalists were shortlisted in each category.

AI

Faster Payments Council

SEPTEMBER 23, 2023

Here our experts discuss the challenges and opportunities for establishing interoperable directory capabilities in the United States. . Join the Federal Reserve and a panel of early adopters to hear how they built their business cases for the FedNow Service and the lessons learned on their journey towards implementation.

FPC

PYMNTS

MAY 31, 2018

In May, the startup announced a partnership with Premier Community Bank in Bradenton, Florida, which Praeger said will extend its reach into this difficult vertical. Parker said that’s why Modo sees facilitating interoperability as a critical service in this space. DadeSystems.

Remote Deposit Capture

PYMNTS

MAY 31, 2018

In May, the startup announced a partnership with Premier Community Bank in Bradenton, Florida that Praeger said will extend its reach into this difficult vertical. Parker said that’s why Modo sees facilitating interoperability as a critical service in this space. DadeSystems.

Remote Deposit Capture

PYMNTS

JANUARY 15, 2021

Getting those activities in place, said Allaire, will mean that individual FIs that have been mulling stablecoin issuance will have to embrace interoperability – creating an ecosystem akin to email, where different webmail services can interact with one another. Still In Learning Mode . “A

Stablecoins

Finextra

JUNE 30, 2025

Challenges Despite the enthusiasm and their advantages for traditional financial institutions, stablecoins face a number of challenges related to regulatory compliance, interoperability issues and liquidity risks. Lack of interoperability Financial institutions also face operational and credit risks inherent in digital currency management.

Stablecoins