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Eye on BNPL; Consumer Hurdles to Faster Payments; Afterpay Now In-Store at Square Merchants
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Consumers Are Wary of Fraud, But Faster Payments Retains Its Allure for Multiple Applications
With some fast and near-instant payments services and apps already available, and more coming, it turns out fear of fraud, reluctance to manage multiple apps, and ignorance about the services are consumers’ biggest hurdles to adoption. Approximately 40% of U.S. consumers are wary of using faster-payments options overall, according to …
Read More »The Growing Appetite for Faster Payments; Visa Ready for BNPL Expansion; Paying Rent with Crypto
An Appetite for Faster Payments Grows as the ACH Payment Limit Expands to $1 Million
While the payments industry reckons with the arrival of real-time settlement capability, an appetite among financial institutions for faster payments in general has clearly emerged. Dollar volume on the automated clearing house network for transactions settled on the same day grew 53% in March compared to February, following the introduction …
Read More »A $1-Million Same-Day Cap Takes Effect As the ACH’s Latest Move in the Faster Payments Derby
A new, $1-million limit takes effect on Friday for same-day processing of automated clearing house transactions. The new cap, 10 times higher than the former one, is expected to open the ACH for faster processing of more large-value transfers and is seen as a landmark move toward faster payments as …
Read More »Faster Payments And B2B Propel a Big Year for the ACH As Dollar Volume Tops $72 Trillion
The pandemic has “fast-tracked” adoption of the automated clearing house network for business-to-business payments, while transactions cleared and settled through the network on the same day they’re initiated are booming, according to full-year 2021 numbers released Thursday by Nacha, the governing body for the nationwide network. The annual results complement …
Read More »Smarter Faster Payments 2022
The Payments conference is an annual experience where new and seasoned professionals come to learn and engage in conversations about the latest trends in the industry, and shape the future of the industry. Your attendee experience includes focused educational session tracks, a dynamic exhibit hall featuring trending solution providers, and …
Read More »Mastercard Acquires CipherTrace in Crypto Move; Eye on Faster Payments; Marqeta’s 350% BNPL Revenue Bump
Eye On Faster Payments: Data Center Links Small Banks to RTP; One Inc. Recruits Mastercard
The momentum behind real-time payments continues to build with announcements Thursday from Data Center Inc. (DCI), a software provider to community banks, and One Inc., a digital-payments processor for the insurance industry. Community banks using DCI’s banking software can now receive real-time payments through the RTP network, the faster-payments system from …
Read More »A Step Ahead for PIN-on-Mobile; P97 To Expand Mobile Payments at the Pump; X9 Solicits Faster Payments Input
