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FinScan Enhances Real-Time Payment Screening Solution for Faster Payments, Safer Transactions

Fintech Finance

Recent Datos Insights research indicates that 91% of surveyed financial institutions (FIs) are making significant or moderate investments in payment modernization. However, many still rely on legacy AML compliance systems built for fewer payment rails, most of which are not aligned with real-time settlement workflows.

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FinScan Enhances Real-Time Payment Screening Solution for Faster Payments, Safer Transactions

Fintech Finance

Recent Datos Insights research indicates that 91% of surveyed financial institutions (FIs) are making significant or moderate investments in payment modernization. However, many still rely on legacy AML compliance systems built for fewer payment rails, most of which are not aligned with real-time settlement workflows.

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Why the U.S. has reached a real-time tipping point

Finextra

has reached a real-time tipping point Community Your feed Latest expert opinions Groups Join the Community 23,263 Expert opinions 43,814 Total members 393 New members (last 30 days) 186 New opinions (last 30 days) 29,062 Total comments Join Sign in Why the U.S. Same day Automated Clearing House (ACH) payments rose 19.1%

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Why Payment Speed Alone Won't Win the Real-Time Race

Finextra

Headlines trumpet the arrival of instant payments, real-time rails, and millisecond processing times as if velocity were the sole measure of progress. In my experience working with enterprise platforms, the winners will be ones who dominate the next decade of payments.

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Demand For Faster Payments Skyrockets

PYMNTS

If you want to know how consumers feel about faster payments, talk to the millions of Americans who still have not received stimulus money as of mid- to late-May. Congressional Research Service projects that the pandemic could reduce global trade by anywhere from 13 percent to 32 percent,” according to the May Faster Payments Tracker.

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Form3 Partners With Mastercard To Advance Real-Time Payments 

PYMNTS

London cloud-processing platform Form3 is partnering with Mastercard to enhance and streamline real-time payments worldwide. Faster Payments Aggregator with Pay.UK. Faster Payments. It will also offer the complete SEPA suite for European payments. Form3 is certified as a U.K.

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Real-Time Payments Move Past Early Adopters

PYMNTS

The tipping point toward real-time payments’ ubiquity might be closer than many observers think, Mark Ranta , payments practice lead at FinTech Alacriti , told PYMNTS in a recent interview. And beyond TCH and RTP, the Federal Reserve’s FedNow real-time payments solution looms. consumers).