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Western Union Enables Real-Time Account-To-Account X-Border Payments For Banks, Digital Wallets

PYMNTS

Remittances, eCommerce, payroll, real estate and travel — the uses cases for cross-border funds transfers in minutes are expanding, Ersek noted, and consumer and business expectations for immediate and secure cross-border money movements are expanding right alongside them.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

The letter highlighted the role of faster payments as a panacea to financial inclusion problems in the U.S. The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

The Fed’s Hat and the Faster Payments Ring. Fast forward a few years, and we now have the Federal Reserve Board soliciting public comments on its potential role as the operator of a new faster payments network in the U.S. More than 400 comments were received, with many advocates for the Fed taking on this role.

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The Real-Time Payments Receivables Conundrum

PYMNTS

At the heart of this trading partner dilemma is the question of how fast is fast enough, and how much each is willing to invest to make payments instant (or faster), in a world in which terms still dictate how fast payments move and buyers still control those purse strings and those decisions.