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How real-time payments erased borders for coronavirus-era commerce

Payments Source

With consumers and merchants alike sharing the need to be paid faster, the case for adopting real-time payments globally has quickly advanced during the COVID-19 pandemic.

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Nium Enables Financial Institutions to Connect to Its Real-Time Payments Network via Swift

Fintech Finance

Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network.

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Cross-Border Real-Time Payments Make Tangible Progress as Over 50% Consumers Use Them, Says GlobalData

Fintech Finance

Cross-border payments are becoming increasingly important to international economies. Benjamin Hatton, Banking and Payments Analyst at GlobalData, comments: “Real-time payments have become commonplace among domestic payment services.

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How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. There’s room for RTP and ACH to co-exist, said Waterhouse, “for a very, very long time.”

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Nium Offers Swift Connectivity for Faster Cross-Border Payments

Fintech News

Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable.

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Real-Time Payments Steps Up To Fulfill Demand For Faster Funds

PYMNTS

“Financial institutions (FIs) and other financial services providers are looking to help meet the need for speed by leveraging various faster payment rails that support an array of payment methods,” according to PYMNTS’ latest Real-Time Payments Report done in collaboration with The Clearing House.

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French Regulators Approve Merge for Fiat and Stablecoin Payment Services

The Fintech Times

Through a single API, Merge provides a suite of services including multi-currency accounts, real-time payments, SWIFT connectivity, named sub-accounts and foreign exchange capabilities. This is a major leap in making global money movement truly borderless, said Kebbie Sebastian, founder and CEO of Merge.