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CBA and BNY Deliver Near Real-Time Cross-Border Payments

Fintech Finance

CBA’s enablement of IPS will also accommodate flexibility in settling transactions up to mutually agreed payment value thresholds3 to support a safe, sound and secure transition to near real-time settlement while managing risk and liquidity.

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Building Resilience with Faster Payments

Faster Payments Council

And faster payments can be a key component to ensuring American consumers have the most accurate picture of their financial environment at any given time. Well, in order to understand how faster payments can help, it is important to first understand the why. But this is where faster payments can come into play.

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Australia’s central bank nears rollout of faster payments platform

Payments Source

Australia’s central bank is set to deploy a new, faster payments system enabling near real-time payments for consumers and businesses that will roll out in 2017.

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Fed Becomes Founding Sponsor Of Faster Payments Council

PYMNTS

Faster Payments Council (FPC) as a founding sponsor, the Fed announced in a press release on Thursday (Dec. Our payment system is a vital part of America’s infrastructure that touches everyone,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City.

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Mastercard Send Trials Metabank’s New Faster Payments Platform

PYMNTS

“We’re committed to leading the enablement of new payments technology, which is why we are thrilled to announce the launch of our faster payments platform. This platform enables our partners to deposit funds in near real-time, providing quicker access to funds for consumers and improved cash-flow for businesses.”.

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Half of Immediate's early wage users switch to Visa Direct within two months

Payments Source

In the two months since earned wage access (EWA) provider Immediate launched Visa Direct as a payment option, the near real-time method is already accounting for 50% of its payments.

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TransferGo to use Mastercard Send to expedite European money transfers

Payments Source

TransferGo will use Mastercard's push payment service to support near real-time money transfers for European customers.

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