Remove ISO 20022 Remove Liquidity Management Remove Value Added Service
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FedNow And ISO 20022 Are Here — What Now For FIs And Faster Payments?

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APIs allow banks the opportunity to offer value-added services that can be relatively easy to layer on top of new real-time payment rails, leading to improved customer products and services, better access to customer data and, for the FIs themselves, the boon that comes with better visibility into cash flow.

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

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According to Domenico Scaffidi , head of market infrastructures at Volante , there is a bit of a conundrum: While the most obvious value proposition of real-time payments is speed, corporate customers require value-added services alongside real-time payments on the basis that moving money in real time is not enough.

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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

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He said there are going to be some institutions that will want to connect with both instant payment services — FedNow and The Clearing House (TCH)’s real-time payments ( RTP ) network — in a desire to ensure resiliency and redundancy to support outages in one system to the other, if they were to occur. Digital Dollars, Too? .