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Payment company PayFi and The Clearing House (TCH) have partnered to bring real-timepayments technologies to the community banks on PayFi’s Branch99TM Real-Time Platform, according to a release. “We PayFi said its RTP network is the first new core payments infrastructure in over 40 years.
Real-timepayment systems are quickly cropping up across the globe. This rapid expansion is fueling predictions that the global real-timepayments market will rise from a value of $6.8 The Federal Reserve’s Faster Payments Task Force established a goal in July 2017 that any consumer or business with a U.S.
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.
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