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A Comprehensive Look at Canadian Banks and How They Offer Payment Processing

Clearly Payments

We’ll also provide a list of Canadian banks and Credit Unions with their payment processing models, offering insights into how each institution navigates this critical aspect of modern commerce. Canada has over 220 credit unions serving approximately 5.7 million members (customers) nationwide.

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Corporate America Credit Union To Serve As RTP Funding Agent

PYMNTS

The Corporate America Credit Union (CACU), which serves almost 500 credit unions (CUs) around the world, has become a funding agent for the RTP network, The Clearing House ’s (TCH) real-time payments network, according to a release.

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B2B FinTechs Get Creative With Open Banking Use Cases

PYMNTS

This week's look at the latest in open banking initiatives shows creativity in how FinTechs, credit unions (CUs) and banks wield data integrations for the benefit of corporate end users, from streamlined credit underwriting to automated expense management. Purdue Federal Credit Union, Payrailz Collaborate.

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Mastercard and The Clearing House deepen their partnership to zero in on new instant payments applications 

Tearsheet

Currently, the RTP network includes 487 banks and credit unions, offering real-time payment services to their customers. For businesses, it enhances value by simplifying payments for customers, enabling faster wage disbursements, improving liquidity management, and optimizing capital workflows.

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To Limit Or Not To Limit? The Instant Earned-Wage Access Debate

PYMNTS

Bellco Credit Union’s Approach to Instant Earnings. That was an important cause for Colorado-based Bellco Credit Union , which decided to offer instant access to earnings to put staff on safer financial footing. Deep Dive: Real-Time Payments’ Impact on Liquidity Management. Read more in the Tracker.

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A Comprehensive Guide to FedNow

Payment Savvy

Liquidity Management Tool To manage liquidity in this system, the FedNow service will offer a liquidity management tool. Regulatory compliance: Banks are required to meet certain liquidity standards set by regulators. A liquidity management tool helps banks stay compliant and avoid penalties.

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Mastercard and The Clearing House extend partnership on real-time payments

Fintech Finance

For businesses, RTP enhances value by simplifying payments for customers, enabling faster wage disbursements, improving liquidity management, and optimizing capital workflows, and for governments, it helps activate local economies through disbursement and settlement.