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Senators push payments fraud task force

Payments Dive

Mike Crapo (R-ID) speaks as Treasury Secretary Scott Bessent appears before a Senate Finance Committee hearing on June 12, 2025 in Washington, DC. Mike Crapo (R-ID) speaks as Treasury Secretary Scott Bessent appears before a Senate Finance Committee hearing on June 12, 2025 in Washington, DC. You can unsubscribe at anytime.

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New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

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It also pushed our industry to think about ways to provide faster availability of funds to people and businesses in need.”. In short, the global pandemic has ushered in rising usage — and use cases — for TCH’s RTP ® network, and Whisler doesn’t see that slowing down anytime soon. Becoming A 24/7 RTP Shop.

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EXCLUSIVE: Mastercard And Ingo Partner To Bring Instant Payments To Treasury Banks

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But the pressure is on to change that, initially created by digital-first firms that have pushed rapidly into instant disbursements because they weren’t tied to old, paper-based, batch-dependent legacy systems. Moreover, Ingo’s Edwards noted, companies are looking — increasingly impatiently — at their treasury-banking partners.

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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

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Employers might adopt push-to-card solutions that enable them to equip staff with prepaid debit cards, onto which earnings can be quickly disbursed, for example, while other companies may send salaries directly into payment apps. The demand for faster payments is ringing louder than ever during the economic downturn.

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From Paper To Digital To Money On Demand: Who’ll Lead The Way?

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As larger firms are turning back to their treasury banking partners to figure out how to enable instant payout options for their workers or customers, they find that they may not quite have what they need. The First Datas down to the Stripes built the eCommerce structure and left big banks playing catch-up and to partner.”. “The

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PNC Goes Live On The Clearing House’s Real-Time Payments Network

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PNC announced it is now live on The Clearing House’s real-time payments network RTP, according to a press release published on Tuesday (Dec. The financial institution (FI) has linked into RTP in the U.S. Emerging technologies such as RTP are creating opportunities for banks and clients to reimagine our business models,” he continued.

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Real-Time Payments Go Beyond The Need For Speed

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Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies. That said, the U.S. The Three Is .