Fintech Finance

JANUARY 24, 2024

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network.

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Finovate

JUNE 11, 2024

. “With the introduction of Citi RTF, Citi continues to deliver best-in-class, real-time treasury solutions to help our clients remain competitive and agile,” said Citi Services Global Head of Liquidity Management Services Stephen Randall.

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Funds Transfer Cross-Border Liquidity Management Treasury 52

Payment Savvy

MAY 15, 2023

The Federal Reserve Bank is currently developing a new instant payment service called “FedNow” that will allow financial institutions to make instant payments. The development of the FedNow service is a response to the growing demand for efficient instant payment services in the digital age.

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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. Are instant payment methods becoming more mainstream in the US?

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PYMNTS

OCTOBER 18, 2020

Portuguese payments provider SIBS has taken its instant payments service international two years after launching it as a intra-country platform. SIBS said more than 5 million instant payments were made inside Portugal over the past year — a rate of about 450,000 transactions per month.

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PYMNTS

OCTOBER 28, 2020

We can see that cash has been reduced in favor of electronic accounts and instant payments,” he said. For instance, Scaffidi said that real-time payments (RTPs) are gaining trust at the same time that credit cards are not always seen as the right payments instrument.

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Emerging Payments Real Time Payments RTP Payments 109

Faster Payments Council

SEPTEMBER 23, 2023

(Foundry Ballroom) This session will highlight faster payments Use Cases focused on real-life case studies from a variety of perspectives such as business end-users and financial institutions that are applying instant payments. We will explore the launch of FedNow and the intricacies of operating with multiple instant networks.

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PYMNTS

NOVEMBER 10, 2020

Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. For financial service providers, instant payments offers a chance to open up new revenue streams and develop new services for corporate clients.

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PYMNTS

MAY 29, 2019

In this month’s feature story, Bellco HR Payroll Administrator Theresa Sanders explained the complexities of choosing a suitable instant earnings solution, including how the FI reached decisions on how much pay to make available and when. Deep Dive: Real-Time Payments’ Impact on Liquidity Management. About the Tracker.

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Faster Payments Council

MARCH 30, 2022

Financial institutions require 24/7 connectivity, real-time settlement and liquidity management, customer interfaces, and fraud mitigation tools to prepare their underlying systems for instant payments.

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FPC Faster Payments Cross-Border Financial Inclusion 88

PYMNTS

APRIL 12, 2018

That includes 80 percent of businesses willing to switch providers to access faster and instant payment capabilities, with treasurers pointing to heightened risk management capabilities, liquidity management capabilities and cash visibility as positive effects of instant payments.

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PYMNTS

OCTOBER 28, 2019

The payments industry has been riding the wave of shifting consumer habits and demands, placing the end-user experience at the forefront of new products, services and infrastructure. These efforts are laying down the instant payment rails, but key to adoption, he said, are the value-added services innovators are building on top of them.

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Real Time Payments Instant Payments Value Added Service Payment APIs and Integration 40

PYMNTS

NOVEMBER 14, 2018

“While there might still be less use of liquidity at night and over the weekend, payment service providers will not want to set all their available liquidity aside for real-time payment services.”

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Real Time Payments Real Time Gross Settlement (RTGS) Liquidity Management Same Day ACH 78

PYMNTS

SEPTEMBER 7, 2018

In its survey, 80 percent of businesses said they would be willing to switch providers if it meant access to faster and instant payment capabilities. Corporate treasurers said they would switch for elevated risk mitigation and liquidity management services.

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PYMNTS

SEPTEMBER 4, 2018

Apart from supplier payments, the shift could have significant impacts on foreign exchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As

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PYMNTS

SEPTEMBER 4, 2018

For the corporate treasurer, this could mean real-time FX exposure management and the need for faster action to mitigate FX volatility risk. But FX management isn’t the only area of corporate treasury seeing positive disruption from faster payments.

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PYMNTS

JANUARY 25, 2019

Federal support could also come from a proposed real-time liquidity management tool. The Federal Reserve has suggested that it could create this offering, which would settle payments between Fed-held bank accounts in real time. Federal Reserve Proposals.

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Real Time Payments Federal Reserve RTP TCH 67

PYMNTS

NOVEMBER 28, 2016

Today, according to Icon and Lipis Advisors, FinTech has evolved so that the overall cost of integrating real-time payments solutions has diminished significantly — even for smaller FIs. As Faster Payments spreads throughout the U.K. “Winding forward 10 years to 2016, the situation’s changed ,” Hay stated.

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Faster Payments Real Time Payments Payments Instant Payments 54

The Fintech Times

DECEMBER 15, 2023

​​. “The demand for improved performance and accessibility in cross-border, however, will drive a focus on systemic interoperability and straight through processing – to ensure the digital experiences enabled through domestic instant-payment schemes and digital wallets can be replicated in cross-border.

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PYMNTS

APRIL 11, 2019

According to JPMorgan, clients who use its SEPA Instant and other real-time payment schemes benefit from immediate payment finality, the ability to address immediate business needs, easier reconciliation, better financial control and budgeting, improved liquidity management and an enhanced customer experience.

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Real Time Payments Faster Payments Liquidity Management Treasury 53

PYMNTS

JULY 26, 2019

Spain-based CaixaBank is one financial institution investing in some of the newer payment infrastructures and rails available today. Financial institutions are also faced with the back-office adjustment of supporting an always-on service like gpi or Faster Payments, forcing them to enhance their liquidity management strategies, she said.

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PYMNTS

FEBRUARY 4, 2019

Against this backdrop, the Federal Reserve proposed creating its own real-time payments service in October 2018. The system would facilitate 24/7 year-round interbank settlements of faster payments and also provide a liquidity management tool to support transfers between Federal Reserve accounts.

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PYMNTS

OCTOBER 21, 2016

. “Regulators in Europe are pushing for real-time payments; however, the approach is not uniform at the country level,” they explained, adding that nations like Spain, the U.K., Denmark and the Netherlands have already begun their instant payments implementations, but others, like Germany, are a bit hesitant.

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Segpay

JUNE 25, 2024

The efficiency of real-time payment processing in Europe provides merchants with immediate access to funds. Faster transaction settlement can streamline operations and enhance liquidity management for US companies. This improves cash flow for businesses. Consumer convenience is another significant advantage.

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PYMNTS

SEPTEMBER 19, 2019

As far as real-time payments are concerned, this is setting the stage — and of course there is no shortage of instant payment schemes proliferating around the world. All of this is leading toward an inevitable shift to an always-on economy,” he told Webster, “though we are at the early stages of that shift.”.

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