Remove Credit Push Remove Settlement Remove Use Case
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Breaking Down The Faster Payments Construct

PYMNTS

Two new same-day settlement windows will be added to the ACH Network, which will increase the actual movement of funds between all those financial institutions from once a day (at the beginning of the day) to three times a day. More frequent settlement can also benefit messaging layers that may operate on top of the ACH Network.

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FPC 2023 Fall Member Meeting

Faster Payments Council

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. Thise session envisions the art of the possible for commerce use cases in the U.S. (Foundry Ballroom) Payment networks need volume to scale and keep costs low.

FPC
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FPC 2022 Fall Member Meeting

Faster Payments Council

How can we look to this rapidly growing business for new use cases for instant payments? The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs. What will this look like in the coming years?

FPC
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Past Lessons May Prove Invaluable For US Real-Time Payments Rollout

PYMNTS

Real-time payments support many use cases that previously were not achievable or which could only run over card rails, and the card rails are very suitable for a pull model,” Hay explained, “whereas real-time payments support the credit push model.”. Luckily, U.S. I think the U.S. is in a good position.

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What’s Fast And Slow And Read All Over?

PYMNTS

This innovator secretly hoped the government would be so enamored with his innovation and its potential to transform commerce (and any number of other uses cases) that they’d want to own and operate it. No one, since without it, new payments schemes struggle, and many use cases are DOA. By stagecoach and on horseback.

Fed