The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. One of the major hurdles that U.S. banks are facing today following the FedNow® Service launch stems from the lack of full interoperability between the Federal Reserve’s real-time payment system and the RTP network overseen by …
Real-time payment systems continue to see strong usage worldwide. One of the most significant developments is the European Council’s new rule to enable instant payments across the European Union and European Economic Area. Under this regulation, instant credit transfers must arrive in recipients’ accounts within 10 seconds, regardless of the date or time of day. …
Jeremy Lappin is the CEO of Candex, a newcomer to the Fintech 50 list in the payments category. illustration by stephanie cui for forbes; photo by candex Payments companies are racing to connect disparate systems across the country and around the globe, and they made up one of the largest categories on our 2024 Fintech …