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RTP® Network Doubles Volume in 18 Months, Surpassing 1 Billion Transactions and Driving U.S. Payment Innovation

Fintech Finance

This extraordinary increase reflects the growing demand for faster, more transparent, and always-available payment solutions from consumers, businesses, and the financial community. This 1 billion transaction milestone also reflects the networks scalability and reliability as demand for real-time payment options surges. billion).

RTP 59
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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

Interconnecting 10,000 US banks and credit unions, this network continues to receive high demand. ACH Credit or direct deposit refers to when the payer pushes funds into the recipients bank account or credit union account. Another EFT type that businesses rely on is ACH. Lets look into that closely below. In 2024, it processed 1.2

ACH 88
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Open Banking & Direct Debits: The Best of Both Worlds For Insurers

Open Banking Excellence

Consumer expectations are rising as regulators push for increased competition and innovation to meet evolving consumer demands. All payers need to do is authenticate the payments via (desktop or mobile) online banking and funds are sent directly to the insurance merchant. Be heard and Be seen.

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Travelex Reportedly Paid $2.3M Ransom To Hackers

PYMNTS

The cybercriminals demanded $6 million in ransom with a promise that they would not release the sensitive information of Travelex customers, including birthdates and credit card numbers. They claimed to have birthdates, credit card information and national insurance numbers and demanded the $6 million payment.

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Mastercard: Collaboration Is Key To Scaling Real-Time Payments

PYMNTS

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

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Real-Time Payments Steps Up To Fulfill Demand For Faster Funds

PYMNTS

The new guide further notes that “consumers and larger businesses are not the only ones that want speedy transactions, with a PYMNTS survey finding that many microbusinesses are more likely to partner with payers that offer instant payment experiences. percent of payers said they provide these options, but only 52.7

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Broadridge Launches Instant Payments Service, Aligned with New EU Regulations

Fintech Finance

The Broadridge service supports real-time money transfers, operating 24/7/365, with transaction processing times of under 10 seconds from payer to beneficiary. ” The launch of Broadridge’s Instant Payments service aligns with recent EU regulations mandating the facilitation of euro instant credit transfers.