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Modern Treasury Drives Growth of Instant Payments with Leading Banks

Fintech Finance

Modern Treasury , essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Instant payments, powered by the first new payment rails in the U.S.

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EXCLUSIVE: Mastercard And Ingo Partner To Bring Instant Payments To Treasury Banks

PYMNTS

When consumers are offered the option of receiving instant payment, they tend to accept it gladly. Although PYMNTS/Ingo data found that fewer than 10 percent of consumers would rather receive checks than instant payments, checks are often the only option for corporate payouts, insurance disbursements or payroll payouts.

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Treasury Prime Taps Narmi to Offer Instant Payments

Finovate

Embedded banking software provider Treasury Prime partnered with digital banking solutions company Narmi. Banks in the Treasury Prime network will be able to offer their BaaS clients access to a real-time payment platform via Narmi’s FedNow service. Under the agreement, Narmi will act as the service provider for FedNow.

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TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer

PYMNTS

Waterhouse said the big evolution for the year ahead will involve taking what are now typically debit transactions like check or automated clearing house (ACH) debit and migrating those to the RTP network combining a Request for Payment (RfP) with a consumer authenticated RTP payment. The EIP Rollout.

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U.S. Faster Payments Council Unveils Comprehensive Report on Instant Recurring Payments

Fintech Finance

Spearheaded by the FPC Real-Time Recurring Work Group (RTRWG), sponsored by BNY Mellon , the new report delves into key components essential for the successful deployment of instant recurring payments.

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How FedNow will Disrupt Vendor Payments

Nanonets

Let's look at some of the key benefits: Enhancing Treasury Management : FedNow offers deterministic instant payments. This provides a strategic advantage for treasury management, affording extended windows to maximize interest earnings, all while sidestepping the risk of late fees.