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Happy First Birthday FedNow: But is This a Cause For Celebration?

The Fintech Times

Last year, the US Federal Reserve launched FedNow as a competitive alternative for instant payments in the US. Celebrating its first birthday, we review how the instant payments service has been adopted over the past year. However there is one difference: FedNow is primarily targeted at banks – not at consumers.

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Helping Corporates Get Over The Real Time Payments Hump

PYMNTS

The opportunity to wield richer transaction data in real time has become a key focus for governments, central banks and financial service providers as they press forward in their real-time payment initiatives. In the U.S., adoption remains muted compared to other markets like the U.K. As real-time transacting proliferates in the U.S.,

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Finserv Providers Embrace New Rails For Faster B2B Payments

PYMNTS

Not only does that figure represent the growing demand among businesses for faster, more agile and more transparent ways to move funds across borders, it also reflects the financial services industry’s willingness to embrace something other than legacy payment networks to facilitate that demand.

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To Accelerate Payments, Mix Rails Or Nix Rails?

PYMNTS

Jack Henry Associates announced last week that it has on-boarded an additional 15 financial institutions to The Clearing House’s RTP network in the latest sign of faster payments gaining traction in the U.S. A new report from the U.S. A large majority — 95 percent — agreed that it was either very or somewhat important for the U.S.

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The Benefits of Instant Pay by Bank Payment Methods

Segpay

Pay by Bank transactions – also known as Bank Transfers, A2A, or Direct Bank Payments – are cardless payment methods that allow customers to pay directly from their bank account to the merchant’s bank account through Open Banking. This online payment method is very straightforward and fraud-resistant.