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New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instantpayments significantly more attractive for U.S. 84% of US banks say the new $10 million RTP® limit boosts its attractiveness, and 84% believe raising FedNow’s $500,000 cap will have the same effect.
Instantpayments 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.
Finastra today announced that Jefferson Bank , an independent, bank serving communities across Texas, has selected Finastra Payments To Go , a payments-as-a-service solution for its new instantpayments services.
Jeff Parker, CEO, says, “Digital payments will continue to grow rapidly, with mobile wallets expected to reach 4.8 Key trends will include the acceleration of cross-border, real-time and instantpayments and the rise of cashless economies. Real-time payments (RTP) could reach $193.1
Backbase , the global leader in Engagement Banking, today announced that Alacriti , an innovator in cloud-based payments and money movement services, will integrate its payments hub solution into the Backbase Engagement Banking Platform. The evolving U.S.
The uncertainty around how, exactly, businesses will adopt faster payments could play a role in how banks are or aren’t establishing a clear road map for launching real-time payment services. ” There are other imbalances in banks’ RTP plans for B2B payments, too. A recent survey of 20 of the top 60 U.S.
With stablecoin market capitalisation exceeding $200 billion as of January 2025, brokers who embrace this shift will be better positioned to optimise their payment infrastructure and maintain a competitive edge. Brokers should also consider the benefits of adopting real-time payments (RTP) and AI-powered fraud detection.
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