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Real-Time Payments Are Soaring In The U.S.

Tom Groenfeldt

Advertise with Forbes Forbes Licensing & Syndication Report a Security Issue Editorial Values and Standards Site Feedback Contact Us Careers at Forbes Tips Corrections Privacy Do Not Sell My Personal Information Terms AdChoices Reprints & Permissions Real-Time Payments Are Soaring In The U.S. By Tom Groenfeldt , Contributor.

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Connecting Banks to the World of Digital Assets: Taurus Launches Taurus-NETWORK

The Fintech Times

TN allows network participants to have an irrevocable proof of identity as well as exchange and verify digital asset addresses automatically. It empowers us to securely collaborate with other leading financial institutions while retaining full control over our operations. Instant transfer confirmation is also possible.

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Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

Continued collaboration is essential to ensure security, usability, and trust in this evolving financial innovation. A successful digital British pound hinges on a well-defined product, clear processes, and expert people to balance innovation with risk. This distinction has real-world implications.

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Why FedNow Will Slow Real-Time Payments

PYMNTS

That’s the talk track now from the Fed , which a week ago today announced its plans to build and operate a new set of real-time rails, using accelerated access to employer paychecks as its launch use case. Ironically, perhaps, the ACH network’s first direct deposit use case was the U.S. financial system.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. on board because it offered a solution for use cases where same-day was essential. It flew in on Dec.

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FPC 2022 Fall Member Meeting

Faster Payments Council

How can we look to this rapidly growing business for new use cases for instant payments? Regulators encourage these efforts to educate and set a high bar, as evidenced in public commentary by NCUA board member and former chair Rodney Hood. What will this look like in the coming years?

FPC
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How Interac e-Transfer Won The Ubiquity Game In Canada

PYMNTS

Whether payments are moving between individuals (peer to peer, or P2P) or between consumers and businesses (C2B), they flow most easily from like to like — for instance, if the sender wants to use PayPal, the recipient must also have an account. That’s why ubiquity is so desirable. But in an ecosystem like the one in the U.S.,