Remove Irrevocability Remove Same Day ACH Remove TCH
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Why FedNow Will Slow Real-Time Payments

PYMNTS

Same-Day ACH , launched in September of 2017, makes emergency payroll possible — not instantly, but within the same business day. Such as how the Fed plans get a critical mass of participants on board, which The Clearing House (TCH) is struggling to do now. Slowing Innovation.

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Visa Buys Rambus Payments To Tokenize Any Transaction On Any Network

PYMNTS

Looking at the short- and medium-term roadmaps, he noted that Visa’s focus will be to make sure that existing clients — such as Interac, TCH and others — experience no disruption in service as a result of the acquisition. Ripple Effects. Tokenization can certainly help drive more confidence,” though it may not be a primary driver.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

when the vast majority of banks have resisted throwing their support behind TCH, which has been trying for the last several years to get its real-time payments alternative off the ground. Oddly, the push for faster payments also comes at the same time when payments in the U.S. It also comes at a time in the U.S.