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US Banks Are ‘Conflicted With Worries’ as Demand for Instant Payments Grows; Reveals RedCompass Labs

The Fintech Times

Across much of the world, instant payments have quickly become the norm. In fact, less than a third of US banks are signed up to either RTP or FedNow , meaning the vast majority cannot offer instant payments as a service; new research from RedCompass Labs , the payments modernisation company, has revealed.

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APIs Help FIs Keep Pace With B2B Clients’ Faster Payment Needs

PYMNTS

APIs also allow business clients to more easily integrate banking and payments functionalities into their workflows, which can connect them to real-time payment rails for faster, data-rich transactions. Faster payments rails] existed before. What we do with instant payments and APIs is offer 24/7 [access to those] services.