Remove Payments Education Remove Real Time Payments Remove RTP
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FPC 2023 Spring Member Meeting

Faster Payments Council

With the system joining the existing RTP system, both promising to modernize the way money moves and allow for greater use of instant payments, it seems the shift to real-time payments is 'inevitable'. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either.

FPC
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Deep Dive: Instant Payments Confront Long Path To Ubiquity

PYMNTS

Payments made with cash and checks are dropping in volume — the use of cash alone declined 40 percent over the past five years in Canada. Instant payments started 2020 on a high note, however, with the adoption of real-time payments and other speedy disbursement methods increasing over the past few years.

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Graduating To Faster Payments

PYMNTS

Getting to Class On Time. The excitement around real-time payments (RTP) in the education space revolves around peace of mind for families, with greater efficiency and even profitability for institutions.