Remove Message Standards Remove Payment Solutions Remove Transaction Limits
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BofA Clients Embrace New $10 Million Limit in U.S. Real-Time Payments

Fintech Finance

Recent action from The Clearing House to increase the transaction limit on real-time payments from $1 million to $10 million is fueling new use cases in business-to-business payments among Bank of America clients. real-time payments the company is processing. The recipient receives a payment within seconds.

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Deep Dive: Security In The Time Of Faster Payments

PYMNTS

It’s not just direct participants who are taking advantage of these payments schemes — financial services providers such as Fiserv are also working to extend access by offering FIs real-time payments connectivity and processing solutions. These messaging standards attach more data to the transactions.