Remove Instant Payments Remove Liquidity Management Remove Value Added Service
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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. We can also see opportunities for small and medium businesses.

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Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments

PYMNTS

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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Happy First Birthday FedNow: But is This a Cause For Celebration?

The Fintech Times

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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Citi Explores The Real-Time Payments User Experience

PYMNTS

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. It’s also about all of the value-adds it brings in. Those users, both consumers and businesses, aren’t just demanding choice, however.

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Digital Transformation Accelerates Emerging Payment Platforms

PYMNTS

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.