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The Clearing House On The Race for Real-Time Payments In The US

PYMNTS

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Real time is getting ever closer to prime time.

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PayPal, BigCommerce and AdoreMe On Adapting To The Unknowns In A Digital-First Economy

PYMNTS

What it points to, PayPal’s Lisiewski noted, is a digital shift well underway and gaining speed. In a world where physical commerce went on hold eight months ago — and where there are still scores of known unknowns about what comes next — the brands that survive are the ones ready to pivot along with the environment.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

FIN members include Amazon , Apple , Google , Intuit , PayPal , Stripe and Square. The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses. Here’s where the canary flew in.

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Ingo Money CEO On The Pull Behind Push Payments

PYMNTS

Can push payments make the push into full acceptance by consumers and corporates? In envisioning just what the concept of “push” payments means, Edwards said one need only think about how pull payments work. If there is an exchange of an item or a return, the data flow is simply reversed, and money goes back onto that card.

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Why Certainty Rules Payments

PYMNTS

Like many small businesses (SMBs), he doesn’t accept cards. I needed a few outdoor cushions earlier this season and hired a local upholstery shop to make them. This small business is a really small business: a guy working out of a teeny tiny storefront in a little town north of Boston. The invoice amount was less than $500.

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Banks On Notice: Fintechs Are Coming For Checking Accounts & Debit Cards

CB Insights

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Then came PayPal’s debut of Instant Transfer to Bank. This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. A Couple of Important Dots.