Remove FedNow Remove Overlay Service Remove Use Case
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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. But Ranta added that when it comes to the consumer, the critical use cases that could spur wider adoption aren’t there quite yet. "We 2021 Could Be The Game-Changer .

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

The Fintech Times

However, the same cannot be said in the US. 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.

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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. NPPA plans to make these updates by 2022. Dwolla Combines ACH With Cards.