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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. The Timeframe .

Payments 244
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REPORT: The QSR’s Digital Checklist For Surviving The Long Haul

PYMNTS

The delivery sector is setting record revenues as dining rooms are operating at limited capacity, but this trend was in the works long before the pandemic began. The delivery sector is setting record revenues as dining rooms are operating at limited capacity, but this trend was in the works long before the pandemic began.

Report 237
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In-Store Kiosks A Sign Of QSR Innovation

PYMNTS

The restaurant, Spyce , is set to open this spring in central Boston. While the Restaurant Readiness Index revealed that QSR industry adoption of innovation has been spotty, kiosks were the one area where the best-performing and worst-performing QSRs were making advances. An earlier version was opened at an MIT cafeteria.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. As for a time frame for launching the new system, Fed officials said in a webcast detailing the particulars that FedNow would debut in 2023 or 2024 and would take a phased approach to implementation.

America 189
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Football Season To Kick Off New Payments Plays

PYMNTS

According to Zach Hensley, vice president of operations and guest experiences for the Seahawks and CenturyLink Field, these services are changing how fans experience live games and boosting their overall enjoyment. These teams are looking to mobile apps to innovate payments in a way that will revitalize purchases and the game experience.

Payments 161
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What Amazon HQ2, Interchange Fees And Facebook Have In Common

PYMNTS

That’s the only way the business can ultimately continue to create value for its customers, create jobs for people, serve the ecosystem in which it operates and provide tax revenues. It has also spurred other businesses to follow its lead, irrespective of whether Amazon is even a relevant player in the ecosystem in which it operates.

Cards 169
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Efficiency now: 8 smart strategy tips

Independent Banker

Often, these bankers rose to the occasion by employing tech solutions or other innovative approaches. Community banks need to take advantage of the digitalization of banking operations.”. ? You don’t go to school to learn how to become head of deposit operations. This isn’t the time to operate under pressure on head counts.”.

Strategy 135