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BNY Sends Largest Instant Payment in U.S. History, $10 Million Following Transaction Limit Increase

Fintech Finance

Today, The Clearing House and BNY (NYSE: BK), announced the successful completion of the largest instant payment in U.S. history and the first-ever payment on the RTP network exceeding $1 million, following the recent increase in the networks transaction limit. The post BNY Sends Largest Instant Payment in U.S.

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How to Choose a Payment Solution That Scales with You

Stax

As your business grows, the tools powering it need to evolve tooand that includes your payment solution. From handling higher transaction volumes to enabling new revenue models, the right system should grow with you and streamline both your operations and your customers checkout experience.

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Lili Launches International Payments

Fintech Finance

According to FXC Intelligence, the cross-border payments industry reached a market size of $190.1 As more small businesses engage in global trade, accessible payment solutions are crucial for them to compete alongside larger firms. trillion in 2023 and is expected to increase by 53% by 2030.

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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.

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Payfinia Receives $4.5 Million from Star One Credit Union to Launch CUSO

Finovate

Payfinia used IPX’s fraud prevention capabilities to tailor user controls and permit higher transaction limits, allowing the funding to be sent in $500,000 increments to its account at U.S. Each transaction settled in less than five seconds. million in Seed funding. ” said Star One CEO Gary Rodrigues.

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Zimpler and Swish Partnership Boosts Merchant Payment Efficiency and Growth

Fintech Finance

Zimpler , a leader in instant payment solutions, today announced a new technical partnership set-up with Swish , Sweden’s most used payment app. This synergy of fintech innovation and established banking networks sets a new standard for integrated payment solutions in the Nordic region.

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How Interac eTransfer Works in Canada for Merchants

Clearly Payments

billion transactions, up from 1.2 This growth reflects an increasing shift toward faster, more flexible payment solutions, especially among small and medium-sized businesses. It’s ideal for merchants who receive frequent payments. In 2024, the platform processed over 1.4 billion the previous year.