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US Banks Are ‘Conflicted With Worries’ as Demand for Instant Payments Grows; Reveals RedCompass Labs

The Fintech Times

In fact, less than a third of US banks are signed up to either RTP or FedNow , meaning the vast majority cannot offer instant payments as a service; new research from RedCompass Labs , the payments modernisation company, has revealed. Across much of the world, instant payments have quickly become the norm.

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Real-Time Payments Move Past Early Adopters

PYMNTS

And beyond TCH and RTP, the Federal Reserve’s FedNow real-time payments solution looms. Ranta said FedNow will create broader competition in the market. We have not seen the use cases or the digital overlay services rolled out,” he noted. 2021 Could Be The Game-Changer .

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To Accelerate Payments, Mix Rails Or Nix Rails?

PYMNTS

Faster Payments Council revealed the payments industry’s demand for interoperability as well as value-added services and features in any new, faster payments service that emerges, including the Federal Reserve’s FedNow service. Dwolla Combines ACH With Cards.