Remove Good Funds Remove Interoperability Remove Ubiquitous
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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. it has been since the fall of 2017.

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Breaking Down The Faster Payments Construct

PYMNTS

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Take merchant acquirers who wish to expedite the posting of funds on the same day to a merchant’s bank account.

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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. While these may not necessarily be the greatest vehicles to exchange value, they are ubiquitous in many payment markets, which makes moving consumers and businesses away a major challenge. million per day sent.