PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). Here’s where the canary flew in. are moving faster than they ever have.

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PYMNTS

SEPTEMBER 21, 2016

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Take merchant acquirers who wish to expedite the posting of funds on the same day to a merchant’s bank account.

Faster Payments 76

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PYMNTS

JANUARY 3, 2020

And as promising as things are in the early stages, there’s work to be done before instant becomes ubiquitous. As Ingo Money CEO Drew Edwards told PYMNTS , “There are enough rails in place today to provide ubiquity, choice and instant access to good funds for consumers. Making Money Fast. Want to make a CFO smile?

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PYMNTS

OCTOBER 8, 2018

Instead, it’s a lack of certainty that good funds are on the way — and when they’re expected to arrive. When funds settle isn’t much of a friction, since, with that information in hand, decisions about cash and working capital can be made. who today already have access to an ubiquitous faster payments scheme called same-day ACH.

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B2B Same Day ACH Payments ACH 76

PYMNTS

SEPTEMBER 17, 2018

The bank account is the ubiquitous funding source used by trading partners to pay each other. The notion of moving those funds faster between the bank accounts of those trading partners is driving a slew of innovation and investment across bank and non-bank network rails today. Ubiquity can also be redefined by certainty.

Rules 78

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PYMNTS

MARCH 18, 2019

Meanwhile, there are already two ubiquitous faster (than before) payments rails in the U.S.: No one argues the need to rid the payments systems of inefficiencies and frictions associated with getting access to funds when needed – or the importance of knowing with certainty when good funds will arrive. as of January 2019.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

MARCH 28, 2017

In its latest white paper, INTERAC outlines the principles as follows: Principle #1: Good funds is the better model. While these may not necessarily be the greatest vehicles to exchange value, they are ubiquitous in many payment markets, which makes moving consumers and businesses away a major challenge. million per day sent.

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Faster Payments Payments Payment APIs and Integration Near Real-Time 52