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Why FedNow Will Slow Real-Time Payments

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That’s the talk track now from the Fed , which a week ago today announced its plans to build and operate a new set of real-time rails, using accelerated access to employer paychecks as its launch use case. Ironically, perhaps, the ACH network’s first direct deposit use case was the U.S. Slowing Innovation.

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Visa Buys Rambus Payments To Tokenize Any Transaction On Any Network

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With a nod toward Rambus, he said, “These guys have already been experimenting with different types of token use cases, including account-to-account or real-time payment tokens,” and in other endeavors to tokenize ticketing and blockchain. Those latter initiatives, he added, “are the further out stuff.”.

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Deep Dive: Billing And The Use Of Real-Time Payments

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When The Clearing House (TCH) unveiled the Real-Time Payments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. Payment solution providers are now also getting in on the real-time game and supporting a growing list of RTP use cases that use the network for rapid transaction speeds.

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Deep Dive: The Benefits And Challenges Of Real-Time Push Payments

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These methods have subtle distinctions as well as different advantages, risks and use cases. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems. Instant payment systems, such as TCH’s RTP and the U.K.’s

Payer 67
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The Big Tech Canary In The Faster Payments Coal Mine

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when the vast majority of banks have resisted throwing their support behind TCH, which has been trying for the last several years to get its real-time payments alternative off the ground. on board because it offered a solution for use cases where same-day was essential. It also comes at a time in the U.S.