Remove Liquidity Management Remove RTP Remove Value Added Service
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Happy First Birthday FedNow: But is This a Cause For Celebration?

The Fintech Times

Up to this point, US financial institutions have relied on The Clearing House ‘s (TCH) Real-Time Payments Network (RTP), run by big banks. Even since the introduction of FedNow, it seems its popularity has only grown – as it hit new quarterly high values and volumes. What is actually popular? It’s a tough choice.

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

PYMNTS

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. The Timeframe .

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Digital Transformation Accelerates Emerging Payment Platforms

PYMNTS

Aiding that is the fact that VolPay, Volante’s API-enabled platform, includes analytics, liquidity management and virtual accounts and can process domestic and international payments. But Scaffidi added that no payment modernization trends make sense unless they give customers better, more seamless experiences.