Remove 2019 Remove RTP Remove Third-Party Service Provider
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Deep Dive: How Small FIs Use Third Parties, Gradual Integrations To Guide New Payment Rail Adoptions

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One study from 2019 found that 54 percent of 120 financial executives listed real-time payments as one of the most impactful emerging technologies, for example. Businesses are accustomed to turning to their banks for access to payments services, so financial institutions (FIs) that wish to remain competitive need to be able to meet this need.

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Payrailz Partners With Mastercard For Real-Time Bill Payments

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The company was named one of the “2019 Best Places to Work in FinTech,” a project of SourceMedia and Best Companies Group. In June , Payrailz announced that it had established status as a third-party service provider to connect financial institution clients into The Clearing House’s RTP network.

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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

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The company wrote in a blog post , “Earlier this month, we became aware of unusual activity involving a third-party service provider.” DoorDash has announced it was the victim of a data breach in May.

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KPMG: 2018 Was The Year of Democratization

PYMNTS

While traditionally, banks have controlled the infrastructure, hardware and operating systems for financial services, new entrants may have the agile infrastructure and innovative propositions to personalize to meet individual consumer needs. There is growing ambition to link up domestic systems to deliver cross-border, real-time payments.