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Real-Time Payments Move Past Early Adopters

PYMNTS

The tipping point toward real-time payments’ ubiquity might be closer than many observers think, Mark Ranta , payments practice lead at FinTech Alacriti , told PYMNTS in a recent interview. And beyond TCH and RTP, the Federal Reserve’s FedNow real-time payments solution looms.

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ACI Worldwide Adds More Digital Overlay Services For Contactless B2B Payments

PYMNTS

ACI Worldwide , which provides electronic payment and banking solutions, has added new digital overlay services that it says will help to speed up real-time payments, according to a press release. And, there will be flexible person-to-person (P2P) services with added layers of security authorizations.

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Australia’s New Payments Platform Invites Startups Via API

PYMNTS

New Payments Platform (NPP) Australia , the nation’s real-time payments service that went live earlier this year, is now seeking collaboration from FinTech firms and developers through the launch of a developer sandbox. “We see APIs as a big part of the overlay service,” he told the publication.

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APIs Help FIs Keep Pace With B2B Clients’ Faster Payment Needs

PYMNTS

Banks offer third-party providers APIs that can be used to develop services for mutual clients, for example, enabling FIs to offer wider arrays of solutions. The benefits of APIs for instant payments [are] huge,” said Charlotte Hausemer, vice president of innovation and product management for trade and treasury solutions at BNP Paribas.

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Activist Investor Starboard Mulls ACI As Potential M&A Prey

PYMNTS

Earlier this month, ACI partnered with Mastercard to expand real-time, multi-channel payment solutions worldwide. Over the summer, ACI announced that it was implementing digital overlay services to speed up real-time payments.

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US Banks Are ‘Conflicted With Worries’ as Demand for Instant Payments Grows; Reveals RedCompass Labs

The Fintech Times

Overall, a huge 98 per cent of US banks surveyed plan on monetising their real-time payments service and 87 per cent of respondents plan on passing costs to their corporate clients. Instant payments reduce company failures, and late payments. Hewson also added: “There is no going back.

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To Accelerate Payments, Mix Rails Or Nix Rails?

PYMNTS

market to achieve payments interoperability between faster payment systems, with nearly half suggesting that this be achieved within four years. More than one-fifth, however, suggested that interoperability be achieved as soon as the Federal Reserve release its FedNow real-time payments service.