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Australia’s New Payments Platform Invites Startups Via API

PYMNTS

SWIFT CEO Gottfried Leibbrandt said the sandbox promotes consistency and interoperability of NPP-fueled innovation. “We see APIs as a big part of the overlay service,” he told the publication. “We really want to play a facilitation role there. APIs can encourage the openness of the system.

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US Banks Are ‘Conflicted With Worries’ as Demand for Instant Payments Grows; Reveals RedCompass Labs

The Fintech Times

Overall, a huge 98 per cent of US banks surveyed plan on monetising their real-time payments service and 87 per cent of respondents plan on passing costs to their corporate clients. Banks that lead instant payments and overlay services will gather greater market share as US companies apply these tools to productivity and growth.”

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To Accelerate Payments, Mix Rails Or Nix Rails?

PYMNTS

Faster Payments Council revealed the payments industry’s demand for interoperability as well as value-added services and features in any new, faster payments service that emerges, including the Federal Reserve’s FedNow service. Faster Payments Interoperability is a Must. A new report from the U.S. On Monday (Nov.