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The panel will discuss issues such as security, governance, and interoperability as well as concerns that the U.S. In this session, FPC QR Code work group leaders address the call to action for payment industry standards needed for universal acceptance and interoperability of QR codes.
In other countries, however, real-time payments have traditionally only supported credit or what are sometimes referred to as “push payments.”. Alternatively, Same Day ACH is designed to support all ACH payments, both credit (push transactions) or ACH debit payments (those which pull money from an account after authorization.).
Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a creditpush transfer isn't easy. Here our experts discuss the challenges and opportunities for establishing interoperable directory capabilities in the United States.
Soon, firms began popping up all over the country, filling in the pieces of the ubiquity puzzle essential for an interoperable network to operate at scale. And standards that support interoperability? NACHA has implemented ubiquitous Same Day ACH with creditpush and will implement phase two with debit pull in the fall.
Interac partners, including merchants and FIs, can interoperate seamlessly with the Interac e-Transfer service to offer real-time money transfer capabilities to their customers and commercial clients.
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