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Embedded Finance Platform Highnote Launches Instant Payments

Finovate

San Francisco, California-based embedded finance platform Highnote has launched its Instant Payments capability. The new addition to its unified product platform will enable businesses to provide near real-time payments from Highnote-issued cards to eligible debit and prepaid cards.

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Viva.com Expands Near Instant Payment Footprint Across Europe, with UK Launch of Mastercard Move.

Fintech Finance

Viva.com , the 1 st Tech Bank in Europe for Businesses, has expanded its pan-European activation of Mastercard Move on its payments and banking platform to 24 countries, following the addition of the UK as an additional live origination market. The demand for near-instant payments is at an all-time high.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. Lael Brainard said the coronavirus crisis has heightened the need for instant payments. That approach, she said, would be similar to the one that underpins ACH payments. A Liquidity Boost? .

Fed
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B2B Not A Vital Part Of Real-Time Payments Innovation, Yet

PYMNTS

Dozens of countries already have real-time payments programs in operation, with several more under development, as identified by financial services technology provider FIS in its latest Flavors of Fast report. Those who wait may find themselves left behind as the faster payments revolution takes hold.”.

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RTP Picks Up Pace With Corporates, While CBDCs Raise Banker Doubts

PYMNTS

The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. Pakistan Preps Instant Payment System. Sweden Considers Implications Of Digital Currency.

RTP
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Z?m Rails Raises $7.8 Million to Merge Open Banking and Instant Payments

Finovate

Founded in 2019, Zūm Rails seeks to make the payments experience less disjointed by integrating open banking and instant payments into a single gateway. that will enable businesses to send and receive FDIC-insured payments in near-real-time. The company launched in the U.S. FedNow, the U.S.

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Mastercard to Offer Real Time Cross-Border Payments for Commercial Clients

Finovate

Move Commercial Payments offers features like liquidity management, integration with existing SWIFT systems, and helps to reduce counterparty risk. Mastercard unveiled an offering this week that will allow commercial users to make cross-border payments in near-real-time. Photo by Lea L on Unsplash