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RT2: A strategic transformation for UK payment providers

The Payments Association

RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem.

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The Journey of Payments and Clearing Systems in India

Finextra

These banks introduced formal ledger-based accounting and cheque payments. Cheque System: The cheque emerged as a formal payment instrument, requiring physical movement and manual clearing processes. This was a significant step towards non-cash payments but was slow and prone to errors.

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Key considerations for the adoption of digital currencies

Finextra

The DLT network provides a highly secure and reliable platform for the exchange of the digital currency as part of clearing and settlement. This can concern payments, conditional payments (a DLT based version of a letter of credit) and the post-trade settlement of securities and derivates (including margin calls).

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Google Backs FedNow Payments System

PYMNTS

central bank to consider modeling FedNow after the Unified Payments Interface (UPI) framework used in India, The Economic Times (ET) reported on Sunday (Dec. FedNow is the new interbank real-time gross settlement (RTGS) service that will offer integrated clearing functionality for faster digital payments.

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TRENDING: How Ingram Micro Stays Atop Packages And Payments

PYMNTS

Then again, who needs magic reindeer when supply chain APIs are available year-round to help merchants meet their delivery needs? Retail customers can now use the service to receive payments from the UAE’s RAKBANK. Meanwhile, business customers can receive payments from Singapore’s Standard Chartered Bank.

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An Overview of FedNow and Bank to Bank Transfer Payments in USA

Clearly Payments

The landscape of payments in the United States is undergoing a rapid transformation. As digital commerce expands and consumer expectations evolve, the demand for faster, more secure, and cost-effective payment solutions has intensified. Merchants are beginning to explore real-time payments for various reasons.

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Banking Circle Enhances European Payment Capabilities with Swiss Interbank Clearing (SIC) Access

Fintech Finance

This latest development represents major progress in the bank’s mission to build a global payments platform with interoperability at its core and deliver instant, low-cost, scalable cross-border solutions across Europe. ” The CHF solution is live now, with full commercial rollout underway.