Faster payments

Don’t wait around for FedNow

12/02/19

The Fed's real-time payments system won't be up and running for years, but consumers and businesses demand faster payments today.

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How faster payments can connect 'islands of processing' between banks

11/26/19

Interoperability has become a top priority in the minds of those advancing faster payments.

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As faster payments proliferate, is there a business case for banks?

11/20/19

If the deployment of faster payments came with a guarantee to boost a financial institution's bottom line, more banks and businesses would likely invest in bringing their legacy systems into a new age.

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Fed's faster payments network likely ahead of schedule: Powell

11/14/19

The central bank originally predicted FedNow's launch within five years, but the Fed chairman told House lawmakers that he expects it will happen sooner.

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U.S. payments system could use an ally like Libra

11/11/19

China dominates the business. Facebook's proposed cryptocurrency could help alter the balance of power.

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15 community banks join The Clearing House’s real-time payments network

10/29/19

Many small banks remain skeptical of the payments network because it is owned and operated by big banks and they are waiting for the Federal Reserve to launch a rival service.

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Is Uber Wallet a challenger bank—or something more ambitious?

10/28/19

Uber launched a series of financial services to provide real-time wage payments and enhanced account features in a single app, seemingly putting Uber in the role of a digital bank.

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U.S. Bank launches bill-pay platform to support faster payments, chatbots

10/18/19

U.S. Bank wants to disrupt the way consumers pay their bills by offering billers a new platform fit for faster payment rails, new messaging formats and digital assistants.

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The public option for real-time payments is taking too long

10/01/19

There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. We're working on a solution that can help our customers right away, says Luanne Cundiff, president and CEO of First State Bank of St. Charles in Missouri.

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What Charles Scharf’s Visa years say about his plan for payments at Wells

09/27/19

In the payments world, Scharf is best known as the CEO of Visa Inc. from 2012 to 2016, where his strategies for faster payments, fintech partnerships and other key issues may shed light on what Scharf has planned when he becomes CEO of Wells Fargo.

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