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The national debit network Interac is working with Payments Canada, which oversees the country's payment system, on an instant payment rail while demand from local shoppers and a need for faster supply chain finance grow more pronounced.
July 9 -
Banks and businesses want a connected system that "just works," regardless of which rail the senders and recipients use. But there is no consensus on how to make that happen.
July 9 -
By 2023, the Federal Reserve expects to launch a service that would allow businesses and consumers to complete payments in real time. But a digital currency it's now studying could have similar benefits — while potentially removing the need for bank intermediaries.
June 15 -
Billers have long had the edge in handling users' bill payments. Fiserv says it can change that through faster transactions, but it faces fresh competition from fintechs.
June 4 -
Allied Payment Network is linking to the digital banking platform of Tyfone for community banks and small businesses.
June 2 -
American banks and their clients now see a business case for ISO 20022 as they expand cross-border and real-time transactions.
May 28 -
The bank anticipates strong demand from businesses that want to settle invoices faster. It also wants to get ahead of competition from fintechs offering similar services.
May 27 -
More than 250 wholesale clients signed up with the Pittsburgh bank in the past year to use real-time payments for payroll, billing and supply chain management.
May 25 -
A member of the ECB's board urged local companies to lower their prices, or risk being undercut by global rivals.
May 20 -
The bank tech firm needs licenses and partners in multiple nations — a monumental task that promises to take years.
May 13