Thursday , November 21, 2024

Search Results for: real-time payments

Treasurers See Plenty of Use Cases for Real-Time Payments, And They’re Writing Fewer Checks

Corporate treasurers can identify numerous use cases for real-time or otherwise faster payments, but they do worry about transaction security, according to the Association for Financial Professionals. Some 60% of respondents surveyed in the AFP’s newly released 2019 payments study said business-to-business transactions will benefit the most from faster and …

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The New Reality in Real-Time Payments

Now that the Fed’s so-called public option is no longer a matter of speculation, the race is on to dominate a crucial payments market. But in real-time transactions, will the race go to the swift? After 10 months of playing it coy, the Federal Reserve early last month finally jumped …

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TCH Forges on with Its Real-Time Payments Network as the Fed Crafts a Rival Service

The private-sector operator of the only national real-time payments network wasn’t too enthused when the Federal Reserve announced earlier this month that it would launch a rival service in 2023 or 2024, but the Fed’s move sparked at least a temporary windfall for The Clearing House Payments Co. “One of …

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It’s Official: The Fed Is Jumping Into Real-Time Payments With FedNow

Ending months of speculation, the Federal Reserve confirmed Monday it will launch a real-time payments service by 2023 or 2024. The banking regulator, which also published Monday a notice in the Federal Register outlining its plan and requesting comment, will thus take what it says is its biggest move in …

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Will It Or Won’t It? The Fed May Announce Its Decision on Real-Time Payments Monday

The Federal Reserve is widely expected to announce Monday whether it will enter the business of real-time payments as an operator competing with existing private-sector players.  A so-called public option from the national banking regulator could please retailers and small financial institutions concerned about whether the nascent real-time payments market …

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PayFi Adds Real-Time Payments Option and other Digital Transactions News briefs from 6/4/19

PayFi, which provides a banking platform, said it will offer real-time payments services from The Clearing House Payments Co. LLC to community banks. Most U.S. consumers—38%—are likely to use a credit card for online subscription payments, finds a report from GoCardless, a recurring-payments company. Thirty-four percent choose a debit card, …

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Digital Transactions