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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. He noted there has been additional input from the FedNow Community of 700 members.

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Portugal's SIBS Takes Payments Platform International

PYMNTS

The announcement from Lisbon, Portugal comes as bankers around the world are working to improve the speed with which secure and economically reasonable transactions can be carried out. the Federal Reserve System’s involvement in high-speed payments work includes the FedNow project, which has a target service date of 2023 or 2024.

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Bringing Luggage Storage Into The Digital Age

PYMNTS

If he could have left the bag in a safe and secure place, he would have been “a happy customer,” he recalled in a PYMNTS interview. As it stands, the PYMNTS Payments and The Platform Economy Playbook found that the projected value of payment platforms by the end of 2024 is $154 billion. Smart Cities.

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How Innovative mPOS Is Paving The Way To A Self-Checkout Future

PYMNTS

The projected value of the global POS software market by 2024 is said to be $30.9 The finding was reported by Boston Retail Partners in its 20th annual POS/Customer Engagement Benchmark Survey. The furniture itself is protected by an array of sensor technologies and security cameras.).

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Payment Rails Present Many Paths To B2B Payments Optimization

PYMNTS

According to the Fed, the rollout of FedNow remains on track for 2023 or 2024. While electronic payments are often touted as more secure than the check, growing fraud in digital B2B transactions may actually be encouraging businesses to retain paper. In a statement, Kenneth C.

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The community banks standing by hospitality customers

Independent Banker

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided an important backstop for Small Business Administration (SBA) 7(a) loan holders, as it required the SBA to take care of loan payments for about six months in 2020 and make partial payments in 2021. However, a full recovery for the industry is still months away.