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AppBrilliance Brings Real-Time Frictionless Payments to Closed Loop Digital Wallets With RTP & FedNow

Fintech Finance

AppBrilliance , a pioneer in real-time payment solutions with its cutting-edge Money API platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US.

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Modern Treasury Drives Growth of Instant Payments with Leading Banks

Fintech Finance

Instant payments, powered by the first new payment rails in the U.S. in more than four decades, enable businesses to move money faster and gain real-time insights into money movement as they track payments from initiation to receipt. Today, Modern Treasury’s customers move over $1 billion in instant payments volume annually.

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TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer

PYMNTS

According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.

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The Real-Time Disruption Of Banking And Business

PYMNTS

Faster payments are only one example of the effects of a world moving toward real-time everything, with growing customer demands driving change in the way banks and businesses operate themselves. As such, the consequences of real-time payments aren’t solely impacting consumers’ peer-to-peer ( P2P ) transaction activity.

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Citizens Bank’s Corporate Real-Time Payments Play

PYMNTS

Some financial institutions (FIs) are seeking to help their corporate clients tap into real-time payments (RTP) to keep up the pace. . “We We might be at a tipping point in the market, [in which] the market just demands faster payments,” said Matt Richardson, head of product solutions at Citizens Bank. . as an example.

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From Cash To Real-Time Payments

PYMNTS

Real-time payments (RTP) can appeal to such consumers because, in part, it can replicate the experience of cash, especially in regards to the speed of transactions. A successful RTP use case often needs other forces at work. All that can bring other returns on investment for payments, and for commerce. Gig Economy.

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A Comprehensive Guide to FedNow

Payment Savvy

government-created and -backed portal that will enable financial institutions to send and receive payments in real-time 24 hours a day, 7 days a week, 365 days a year, including weekends and holidays. The development of the FedNow service is a response to the growing demand for efficient instant payment services in the digital age.

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