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. Along the way, not surprisingly, we’ll transition more fully to digital payments across modernized (and streamlined) rails, flowing domestically and eventually across borders.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

The Fintech Times

JULY 24, 2024

Last year, the US Federal Reserve launched FedNow as a competitive alternative for instant payments in the US. Celebrating its first birthday, we review how the instant payments service has been adopted over the past year. However there is one difference: FedNow is primarily targeted at banks – not at consumers.

FedNow 59

FedNow Instant Payments RTP Federal Reserve 59

PYMNTS

AUGUST 21, 2020

Interoperability Is Key. To get there, interoperability is key, said Cunha. He pointed to standards seen with ISO 20022 as a guidepost for such CBDC interplay — whether retail or wholesale payments are being coordinated (at present most central banks’ CBDC initiatives are focused on wholesale payments).

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

Finovate

FEBRUARY 21, 2024

Since then, the payments infrastructure has seen massive growth, having reached its peak in December of last year, when it surpassed 12 billion transactions worth $220 billion (Rs 18.23 launched its real time payments initiative, FedNow , last July and has a lot to learn from India’s UPI. As the U.S. In the U.S.,

Interoperability 64

Interoperability Real Time Payments FedNow Governance 64

PYMNTS

NOVEMBER 5, 2019

But it’s not the only new payment network securing attention this week in PYMNTS’ latest roundup of the payments rails ecosystem. Elsewhere, in Australia, industry body New Payments Platform Australia (NPPA) publicized its own plans to do exactly that: add integrated, value-added features to the payments platform.

Faster Payments 40

Faster Payments Interoperability FedNow ACH 40

PYMNTS

NOVEMBER 18, 2020

But the Federal Reserve has its own horse in the race, called FedNow , which is on the horizon. Fifth Third’s Chayt said the need for speed might have gotten real-time payments initiatives off the ground, but that’s just a starting point. That was then, this is now.”.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98