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RTP® and FedNow Transaction Limit Increases Fuel Instant Payments Surge

Fintech Finance

New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instant payments significantly more attractive for U.S. The results suggest larger transaction limits are helping to boost instant payment demand. Over one in ten (12%) expect that surge to top 50%.

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On-Demand – The final countdown: What’s next for Verification of Payee?

Finextra

Webinar The final countdown: What’s next for Verification of Payee? The Verification of Payee (VOP) deadline is just around the corner. Could VoP become the global standard for payee verification, similar to how GDPR reshaped data privacy? However, the need for Payee Verification, aka KYP (Know Your Payee), goes beyond Europe.

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IFX Payments selects Form3 for its Verification of Payee solution

The Paypers

Following this announcement, the collaboration is set to enable IFX Payments to leverage Form3’s Verification of Payee (VoP) solution for SEPA accounts, aiming to strengthen its defences against payment fraud and aligning with the Instant Payments Regulation mandate.

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RedCompass Labs Reveals 8 in 10 US Banks are Happy With RTP and FedNow Instant Payments Limits

The Fintech Times

Instant payments are becoming significantly more attractive for US banks finds RedCompass Labs , the payments experts, as it finds that 84 per cent of US banks say the new $10million Real-Time Payment (RTP) network limit and $500,000 FedNow cap are a good thing. The report also reveals significant concerns around fraud.

RTP
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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

Research by IBM found that about 50% of enterprises in financial services have actively deployed AI, the highest of any sector. JPMorgan Chase (2024) AI Application: Employee productivity and research Experience Impacted: EX - Banking Employee Experience Internal ChatGPT-Like Research Assistant: The largest U.S.

AI
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Shopify, Coinbase, Stripe bring USDC stablecoin payments to merchants

Finextra

Shopify and Coinbase have addressed these challenges with a smart contract, where merchants get the familiar authorise now, capture later flexibility of credit cards, with the speed and global reach of stablecoins. Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.

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Core Banking Systems evolution to cloud technology

Finextra

Technology Transformation Drivers Several technological shifts are reshaping the industry: Infrastructure Evolution : The move to cloud computing, ubiquitous mobile connectivity (90% UK mobile ownership), API-driven architectures, and component-based systems is starting to replace monolithic legacy infrastructures.