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Cross-Border Real-Time Payments Make Tangible Progress as Over 50% Consumers Use Them, Says GlobalData

Fintech Finance

In its most recent update in October 2023, the Financial Stability Board reports there is a shortfall against G20 targets in the proportion of retail services that make funds available to the consumer in an hour (42% vs target of 75%) and in one business day (76% vs target of 100%).

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GROW with Singlife and AllianzGI Launch SGD-Fund Offering Monthly Dividends

Fintech News

The inaugural product of this collaboration is the Allianz Global Income fund, available exclusively through GROW’s network. This Singapore dollar (SGD) based fund will provide monthly dividends to investors. The Allianz Global Income fund has assets under management totaling US$ 161.7

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Alternative Flexible Funding is a Lifeline for UK SMEs Struggling With Cash Flow

The Fintech Times

If we can’t make flexible funding available to the small businesses that need it – when and how they need it – we’re going to see more and more businesses failing. . “Last year, 345,000 businesses across the UK shut their doors for the last time. And the current financing infrastructure is at least partly to blame.

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JCB to pilot softPOS technology for central bank digital currency transactions

NFCW

“This JCBDC project is aimed at ensuring that CBDC fund transfers can be done securely and conveniently, by anyone, at any time, with or without internet connectivity, with an immediate guarantee of fund availability,” Soft Space adds.

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Data: Same-day ACH volume vs. fraud

Payments Source

financial institutions have made same-day ACH funds available without seeing any major shifts in fraud. More than half of U.S. But observers warn that as same-day ACH introduces broader access and bigger transactions, it will become a bigger temptation for fraudsters.

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PayPal settles Venmo disclosure complaints with the FTC

Payments Source

The Federal Trade Commission contends Venmo misled consumers on funds availability and security disclosures.

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Same Day ACH hits its third phase, mandating 5 p.m. availability of funds

Payments Source

Nacha has completed the third and final phase of the faster payments launch, requiring banks and credit unions to make Same-Day ACH funds available to depositors by 5 p.m. in local time.