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Business clients demand FedNow, RTP capabilities from their banks

Bank Automation

Business clients are demanding instant payment services from their financial services providers as they look to streamline payment processes.

RTP 59
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RedCompass Labs Launches AI Solution To Accelerate Banks’ Payments Modernisation

The Fintech Times

To make this transition easier, RedCompass Labs has launched its AI solution engineered to accelerate payments transformation: AnalystAccelerator.ai. Payments modernisation is a high priority for banks, with many incorporating new projects like ISO 20022, SEPA Instant, FedNow and RTP. In a trial, AnalystAccelerator.ai

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Carvana launches real-time down payment capabilities

Bank Automation

Carvana has implemented request for payments technology and instant payments capabilities for down payments on vehicle purchases, allowing consumers to obtain their vehicle faster.

RFP 52
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America Loves Instant Payments, as New RTP® Network Records Show

Fintech Finance

The RTP® network, the largest instant payments system in the United States operated by The Clearing House , now averages over 1 million payments per day. The RTP network also set single day records of 1.46 In October, the RTP network experienced a record 31.7 Payment value on the RTP network is up 11.4%

RTP 97
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Businesses Are Ready To Make The RTP Leap

PYMNTS

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. Businesses Ready To Jump Into RTP. A new survey from Citizens Bank says businesses are jumping into the real-time payments opportunity. Azerbaijan Launches Instant Payments Rail.

RTP 101
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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. Looking Toward Interoperability And Scale . The Timeframe .

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The Clearing House: RTP Network Drives New Use Cases, Creates Value For SMBs This Holiday Season

PYMNTS

The Clearing House 's RTP network is now several years old, and while the real-time payments capability is gaining traction, adoption in the B2B landscape remains muted. Indeed, it can be difficult for businesses to change their payment habits. This is a new payment system," he noted. But there is more work to be done.

RTP 82