The Clearing House, the New York based, bank-owned operator of one of only two U.S. payments systems, has been building out the real-time payments system since 2017. The only other operator of a U.S. payments system, the Federal Reserve Board, is also seeking to build a competing real-time payments system called the FedNow Service, but that's not expected to launch until 2023.
The Clearing House has invested $320 million in creating a U.S. real-time payments network, and now it wants businesses to step up and invest in their own technology to use the system.
Read the full article on PAYMENTS DRIVE HERE.
Showing posts with label banking technology. Show all posts
Showing posts with label banking technology. Show all posts
Sunday, 16 May 2021
Tuesday, 18 June 2019
Thriving in a hyper-connected world
Chris Jameson, Head of FI Sales, EMEA, Bank of America Merrill Lynch, speaks about the top topics set for this year's Sibos in London, EBADay and the topic of virtual account management, whether FIs are delivering benefits to their clients with this technology and how banks can unlock data to drive value to their clients.
Labels:
banking,
banking technology,
fintech,
London,
SIBOS
Monday, 16 July 2018
Beyond the Smartphone: New Mobile Opportunities
From Deloitte CIO Journal
Labels:
banking technology,
fintech,
mobile banking,
payments,
smartphone
Thursday, 2 February 2017
Intersection of Technology & Banking
The banking industry is fully embracing technology, with an appetite to use data to better know the customer.
Labels:
banking,
banking technology,
fintech
Wednesday, 1 February 2017
Digital trends driving bank innovation - Keeping pace with digital expectations
Corporate customers are starting to make the same digital demands as consumers. Banks
that don't respond will be history, says Erik Zingmark, co-head of transaction banking for Nordea
Labels:
banking technology,
digital banking,
innovation
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