Remove Overlay Service Remove Research Remove Use Case
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How Overlay Services Add New Opportunities In Open Banking

PYMNTS

researchers have found that a general understanding and awareness of the regulation remains low. In a PYMNTS interview, according to Sean Devaney, VP of banking and financial markets at consulting and IT firm CGI , the real pickup of Open Banking is only just beginning with the emergence of so-called overlay services.

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Real-Time Payments Move Past Early Adopters

PYMNTS

But Ranta added that when it comes to the consumer, the critical use cases that could spur wider adoption aren’t there quite yet. "We We have not seen the use cases or the digital overlay services rolled out,” he noted. consumers). 2021 Could Be The Game-Changer .

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

The Fintech Times

However, the same cannot be said in the US. In fact, less than a third of US banks are signed up to either RTP or FedNow , meaning the vast majority cannot offer instant payments as a service; new research from RedCompass Labs , the payments modernisation company, has revealed.

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To Accelerate Payments, Mix Rails Or Nix Rails?

PYMNTS

Faster Payments Council released new research on the nation’s faster payments progress. The industry body said it is also developing a mechanism to support the domestic leg of an inbound cross-border transaction using NPP, as well as expand capabilities to support the use of QR codes. Faster Payments Interoperability is a Must.