Remove Continuity Remove Interoperability Remove Near Real-Time
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CBA and BNY Deliver Near Real-Time Cross-Border Payments

Fintech Finance

Adoption of similar services like the IPS in Australia is expected to continue globally as demand for an instant cross-border experiences rises. The NPP was launched in Australia in 2018 to enable real-time payments 24/7 between participating financial institutions.

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Mastercard and Leading Canadian Fintech VoPay Enter Strategic Partnership to Aid Money Movement for Canadians with Mastercard Move

Fintech Finance

Responding to the ever-growing need to move money seamlessly, Mastercard and VoPay today announced a strategic partnership that will offer choice, simplicity and efficiency for near-real-time money movement in Canada and internationally for businesses and consumers.

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Circle Goes Live with the Circle Payments Network

Finovate

“The launch of CPN represents a leap forward for global payments infrastructure toward an architecture where interoperability, compliance, speed, and cost-efficiency are emphasized,” said Circle VP of Product Management Sunil Sharma. “We are just getting started. per transaction.

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Deep Dive: Cross-Border Payments Interoperability

PYMNTS

Such experiences require payments interoperability, which can be a significant challenge due to changing technologies and regulations. Many initiatives are currently underway around the globe to push such efforts along, meaning interoperability may not be as far off as once thought. What is payments interoperability?

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How Digital Assets Could Reshape The Future Of Corporate Treasury

PYMNTS

CFOs and treasurers are becoming more comfortable with digital assets in a variety of scenarios, but the evolution of the industry is continuing. This is a future that should be embraced and should be seen as something that can interoperate with existing infrastructure,” he said. It’s not a zero-sum game.”.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. The Fed is defining instant payments as a subset of payments in which an end user receives funds in near real time, with immediate interbank settlement of the payment also having occurred.

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GENIUS Act Clears the Way for Stablecoin-Powered Embedded Finance

Finextra

That means JP Morgan’s digital dollars can potentially interoperate with the broader crypto ecosystem – from decentralised finance platforms to other banks’ token networks – without needing a special private ledger or bespoke infrastructure. Stablecoins can settle payments in near real-time, at any time of day or night.