Faster Payments

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Cut the back-office payments chaos in 2020

In order to be considered customer-focused in all areas, including payments, many businesses have unintentionally created chaos in their back office. They’ve added new payment channels even as old methods, such as checks, have refused to die. Companies today may accept six or more payment types to keep everyone happy — and each channel has its own Read More

By |2020-05-27T18:16:26-05:00January 15th, 2020|Comments Off on Cut the back-office payments chaos in 2020

Real-time payments for the U.S.? Not anytime soon

Rapid changes in technology have users of the U.S. financial system facing a 21st-century paradox: services such as Amazon can guarantee two-day delivery of goods, but consumers often wait longer than that for a deposited check to clear the bank payment system. An increasing number of voices in the U.S. – most critically including the Federal Reserve Read More

By |2020-05-27T18:00:07-05:00August 9th, 2016|Comments Off on Real-time payments for the U.S.? Not anytime soon

The regulatory effect in faster payments

Handing someone a $100 bill is an instant payment. Likewise, proprietary systems such as PayPal and open, un-permissioned Bitcoin offer near real-time value transfer. For most consumers and businesses however, a leather or cryptocurrency wallet, cash under the mattress or PayPal isn’t their anchor liquidity instrument; it’s their demand deposit account (DDA). Every country has at least Read More

By |2020-05-27T18:00:08-05:00July 8th, 2016|Comments Off on The regulatory effect in faster payments