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Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

Danny Russell Head of digital currency technology, Bank of England “The report on the experiment clearly highlights the challenges of supporting offline CBDC payments. These are linked to the requirement for instant offline settlement, i.e. digital money leaves the payer device to go into the payee’s device.

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Broadridge Launches Instant Payments Service, Aligned with New EU Regulations

Fintech Finance

The Broadridge service supports real-time money transfers, operating 24/7/365, with transaction processing times of under 10 seconds from payer to beneficiary. ” The launch of Broadridge’s Instant Payments service aligns with recent EU regulations mandating the facilitation of euro instant credit transfers. .

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Smarter Payments Tracker Eyes Interoperability

PYMNTS

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. But as the Tracker explores, there are several initiatives in the works to tackle those challenges — including in the corporate sphere.

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New Broadridge Financial Solutions Service Enables Businesses to Benefit From Instant Payments

The Fintech Times

Through its new Instant Payments Service, Broadridge supports real-time money transfers, operating constantly, with transaction processing times of under 10 seconds from payer to beneficiary.

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How Choice Drives Real-Time Payments Adoption With Canada's SMBs

PYMNTS

In Canada , one of the most popular means of instant payments is the Interac eTransfer service, which facilitates real-time movement of funds from one account to another. Enabling real-time payments via Interac can not only help to mitigate those challenges, but also introduce value-added functionality for SMBs.

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

PYMNTS

As he told PYMNTS, the coronavirus crisis created an environment in which businesses migrated from checks to electronic payment methods out of necessity. That is par for the course for any new payment technology, he said, and it's up to financial services providers to expand education and awareness of the technology.

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FinTechs Help Global Banks Tackle Their Own SMB Shortcomings

PYMNTS

The Financial Stability Board released analysis last year that found SWIFT interbank payment messages reflected a 4.1 Criticism of the world’s correspondent banking network continues to mount — and at the same time, the number of correspondent banking relationships is on the decline.