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Rarely do consumers and businesses agree on anything as much as they have on instant. Now, legacy FIs and a host of other players are scrambling to get a piece of the instant money action. Inspecting the “up-and-to-the-right” growth curve of instantpayments , it’s no shock how many players want in. Making Money Fast.
How can we look to this rapidly growing business for new use cases for instantpayments? stakeholders should be supporting and identify the challenges in building out the API features that are required for ubiquitous access. What will this look like in the coming years?
The letter highlighted the role of faster payments as a panacea to financial inclusion problems in the U.S. Oddly, the push for faster payments also comes at the same time when payments in the U.S. It didn’t take a regulatory proclamation for Same Day ACH to become ubiquitous in the U.S. – Here’s where the canary flew in.
And we came along with ubiquitous mobile remote deposit capture, so now consumers can put their checks into any account they want from a single app in minutes.”. The notion of instantpayments in that environment becomes critical. “Then the online lenders rose up and said they could do lending better and faster than the banks.
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