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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Real-Time Payments (RTP) & Instant Payments Overview : Real-Time Payments (RTP) systems allow funds to transfer instantly between bank accounts, offering 24/7 availability, even outside standard banking hours. Faster Payments (U.K.), Popular Examples : Interac e-Transfer (Canada) , Zelle (U.S.),

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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. Looking Toward Interoperability And Scale . The Timeframe .