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Payments Canada Partners With Mastercard’s Vocalink To Advance Real-Time Rail

PYMNTS

Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules.

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ACI Worldwide and STET: European Instant Cross-Border Transactions Reach New Record High

Fintech Finance

Instant cross-border payments processed by STET , one of the leading European clearing and settlement systems, (CSM) and ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, have reached a new record high.

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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. Thus far, he said other banks’ research has shown — and shared — insights on how to move money on one chain, and security on another, but ensure that payments are delivered.

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Late Payments Cause Cash Flow Pain From UK To India

PYMNTS

Below, PYMNTS unloads the latest statistics from the fight against late payments in the U.K. 45 days past due is the threshold for SMBs in India seeking clarity on large corporate and government payments. Transform later filed a countersuit, claiming Sears had intentionally delayed supplier payments.

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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

Though at least some central banks are focusing on wholesale payments — 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) said they were working on CBDCs — central bank efforts may bring retail use cases to bear, specifically through stimulus and government payments to individuals and families.

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STET and ACI Worldwide Cement Strong Partnership Processing 50Million Cross-Border Payments in 2023

The Fintech Times

Since 2017, STET , the European clearing and settlement systems (CSM) and ACI Worldwide , the real-time payments software provider, have been working together to offer seamless, instant payments across the Single Euro Payments Area (SEPA). How was this achieved?

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How Visa and MasterCard Shape the Payments Industry

Clearly Payments

These networks have transformed the way payments are processed, moving from paper-based transactions to electronic authorizations and settlements. These disruptors often focus on addressing pain points such as high transaction fees, lengthy settlement times, and lack of transparency associated with traditional card networks.

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