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PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. RTP Expands Across FI Base. are increasingly linking into the real-time payments infrastructure of the RTP network, according to a new survey by The Clearing House.
Might SWIFT be giving a nod, at least partially, toward the use of distributedledgertechnology (DLT)? As noted by OracleTimes , it seems the messaging network that ties banks and other financial firms together may indeed be open to DLT — if not directly, then deployed by some of its network. One caveat?
When it comes to payments, speed isn’t the only factor to consider in the deployment of real-time payments (RTP) systems. Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. And to that end, we’ve seen growing engagement and co-operation across the industry.”. Rapid Growth.
Swift recently announced that its gpi service can integrate with domestic real-time systems to facilitate rapid cross-border transactions. This is even true for those adopting the Real-Time Payments (RTP) rail from The Clearing House (TCH). That fear has not been realized, however, as TCH reports that FIs continue to join RTP.
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