PYMNTS

FEBRUARY 4, 2019

This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 Numerous payments schemes have rolled out since the U.K. launched its own Faster Payments Service in 2008. bank account would be able to securely receive real-time payments by 2020. . State of U.S.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. The overall goal has been to design and implement a way to eliminate the three-day settlement program for checks to clear and provide immediate access to funds. The Timeframe .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

DECEMBER 13, 2018

. “We are committed to developing further partnerships around the world to build global, ubiquitous, real-time payments.”. Vocalink has been involved in other faster payments deployments done on a national scale. Vocalink also has been involved in the launch of The Clearing House’s RTP in the U.S.,

Payment APIs and Integration 53

Payment APIs and Integration SWIFT Interbank Settlement Faster Payments 53

PYMNTS

AUGUST 7, 2020

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States.

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75