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 Modo’s COIN of the Realm                 

PYMNTS

Bruce Parker, CEO of Modo, told PYMNTS’ Karen Webster, “The whole reason we haven’t seen true proliferation of great ideas and great solutions and great experiences in payments comes down to a lack of interoperability.” We know when a transaction qualifies as good funds,” he emphasized. “We

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). Here’s where the canary flew in.

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Connecting The Dots To A Modernized Payments System

PYMNTS

In its latest white paper, INTERAC outlines the principles as follows: Principle #1: Good funds is the better model. Two that go hand in hand are ubiquity and good funds. On the other side of the same coin is the availability of good funds. million per day sent. Principle #4: Embrace standards.

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Breaking Down The Faster Payments Construct

PYMNTS

Take merchant acquirers who wish to expedite the posting of funds on the same day to a merchant’s bank account. Same Day ACH can give a boost to them, as well as to prepaid cards that can be loaded faster, with the assurance of having good funds behind them.

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PODCAST: Why Merchants Should Go ‘Auth Shopping’

PYMNTS

All too often, cardholders with good funds backing them up see their cards declined. For the merchants then, connectivity and interoperability are fostered through a single point of access in the marketplace model. That’s because the neural network sees something it doesn’t like.