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NymCard Leverages Mastercard Move to Sustainably Scale BaaS Platform for UAE Customers

The Fintech Times

Leveraging Mastercard’s technology, NymCard will expand its portfolio by becoming a Remittance-as-a-Service provider, ensuring that end users benefit from efficient and seamless international remittances.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

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.

Fed
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To Improve Treasury Tech, Target The Developers

PYMNTS

“We’re not sure that it would be optimal at this time to go directly to the end user. TMS providers have great platforms, and we have a great position in risk management as it relates to FX.”. Remlinger said the upgrades are a reflection of growing demand among treasurers, chief financial officers and money managers.

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Open Banking Adds Intelligence To Treasury Management

PYMNTS

Turner noted that FinTechs that are able to wield data-sharing opportunities can then automate the aggregation and normalization of financial data across platforms automatically, enabling financial controllers and other executives to obtain their cash positions in near real-time. In the U.S., ”

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Ingo Money Dives Into Real-Time Payments Ubiquity Challenges

PYMNTS

as service providers old and new introduce more options for consumer and business payers to move money quickly and, in some cases, instantly. However, real-time payments (RTP) have a long way to ubiquity, and while each payment rail has its advantages, each also has drawbacks that could stifle efforts for near-universal adoption.

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FIs Look Inward For Faster Blockchain Deployment

PYMNTS

Gradually, real-world applications are launching, and service providers have begun testing their new solutions. Further, the infrastructure removes the need for an intermediary, resulting in an overall more seamless process that can land cash where it needs to be in near real-time (if conducted within the operating window).