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The Ubiquitously Digitizing Retail Environment

PYMNTS

70% : Estimated share of the banking market that will have RTP access by the end of its first year. Data: $719M : Mercari’s annual sales in 2019. 104M: Number of Americans who have become digital shifters as a result of the pandemic. 100M : Size of TikTok’s American user base.

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Mastercard and The Clearing House extend partnership on real-time payments

Fintech Finance

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network. demand deposit accounts.

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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. New Trends Emerging. Achieving ubiquity across the 12,000 or so FIs in the U.S.

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Volante Technologies’ Deepak Gupta appointed to the U.S. Faster Payments Council Board Advisory Group

Fintech Finance

faster payments and guide the FPC in its mission to facilitate secure, efficient, and ubiquitous faster payments in the United States. With over three decades as a senior technology executive, Gupta will work alongside other industry leaders and fellow board advisors to help shape the future of U.S.

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Third Parties Help Central Banks Ride RTP Rails

PYMNTS

Faster Payments Council (FPC), which will work toward a ubiquitous and secure faster payments system, offering 24/7 availability. Meanwhile, other players in the U.S. are working to promote faster payments. The Governance Framework Formation Team (GFFT) recently announced it had formed the U.S.

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Solving for the Interoperability Challenge

Faster Payments Council

While we're well on our way to establishing a thriving faster payments ecosystem, we recognize we're still missing a key factor that can contribute to achieving ubiquitous faster payments: interoperability. In fact, we're already taking substantial steps toward our ubiquitous future. Within the faster payments arena, we've got a lot.

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Real-Time Payments Successfully Gets Through Its First Test Drive

PYMNTS

was moved between accounts at two different banks (there was only one customer with two bank accounts) via RTP, the name for a new “Real-Time Payments” system set up by The Clearing House. The Clearing House began work on RTP shortly after. s first new payment and clearing system in more than 40 years is up and running.