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How Micro-Services And AI Can Speed FIs’ March Toward Instant Payments

PYMNTS

The financial landscape is changing, moving toward instant payments, toward commerce that is always on – and for financial institutions (FIs) serving corporations and consumers across the world, the margin for error is fast disappearing.

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Mastercard and The Clearing House extend partnership on real-time payments

Fintech Finance

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network.

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Deep Dive: How Small FIs Use Third Parties, Gradual Integrations To Guide New Payment Rail Adoptions

PYMNTS

Recognizing demand is not the same as being able to deliver on it, however, as adopting a near-instant payment rail involves myriad changes. Banks and CUs with the technical know-how may choose to forge direct connections with payment rail providers to get more control over how they use the service.

RTP 67
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This Week In Payments: New Frontiers — Visa And Plaid; Goldman And Marcus; And Big Doings ‘Bout SMB Payments

PYMNTS

In terms of mechanics, the acquisition — which involves a cash payment of $4.9 Plaid’s API provides a powerful and popular tool by which third-party service providers can gain easy access to a consumer’s bank account — which has all kinds of applicable potential for the card network.