Faster payments

Heavy demand for fast payments in small banks' trial run

10/26/20

A California startup and a century-old Missouri bank, which began using The ClearingHouse's real-time payments network this summer, say businesses have embraced the technology to pay suppliers and gig-economy workers and quickly close real estate deals.

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Using payments tech to punch above your weight

10/14/20

Nano Banc's president, Mark Troncale sits down with PaymentsSource's senior editor Kate Fitzgerald to discuss how the fintech decided to be amongst the first wave of small-to-midsize banks adopting The Clearing House's real-time payments solution. So how did it go?

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The partners that can help Fed speed launch of real-time payments

09/23/20

The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.

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Swift to focus on transaction management to fuel faster payments

09/18/20

After two years of helping banks connect globally to domestic faster payments rails, Swift is planning to expand on that concept.

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Postal banking is a solution, but to which problem?

08/26/20

With the USPS emerging as an election-year flashpoint, postal banking is an idea that could gain steam. But a number of proposals are out there, and they have wildly varying implications for financial inclusion.

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Will Citi snafu bring fresh scrutiny to custodial banks?

08/25/20

Citigroup’s $900 million payment blunder in a usually sleepy part of the financial market dominated by a handful of banks has experts wondering if regulators will uncover a deeper problem.

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FedNow? More like FedLate.

08/17/20

The Fed's faster payments platform may well roll out in three or four years, but by then it will already be outdated.

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OCC's Brooks questions need for government-owned payment systems

08/13/20

Appearing to support decentralized systems, the acting comptroller of the currency said on a podcast that "the ultimate public ownership of the payment rails is when you have a network, like the internet, of interconnected institutions and computers."

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Contactless payments will miss the boat without 'in time' funding

07/28/20

Digital wallets arguably reached a tipping point this spring when contactless payments jumped 40% in response to concerns that cash and payment terminals were helping to spread the coronavirus, Vidya Peters of Marqeta writes.

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Refi throttling, PPP fraud, employee monitoring: Top stories of the week

05/08/20

Mortgage lenders impose steep pricing adjustments for cash-out refinancing; bankers fear massive borrower fraud in the Paycheck Protection Program; some worry the coronavirus is giving banks an excuse to spy on employees; and more from this week's most-read stories.

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