Real-time payments (RTP) has been the rave of recent payments industry news. With the Federal Reserve announcing that it is about to embark upon the creation of a ubiquitous real-time payments framework, the topic is...more
9/5/2019
/ APIs ,
Contractual Safeguards ,
Federal Reserve ,
Financial Fraud ,
Financial Institutions ,
Financial Services Industry ,
Financial Transactions ,
Market Participants ,
Merchants ,
Payment Systems ,
Risk Allocation
The Federal Reserve Board has determined that the Federal Reserve should take the following two actions:
Develop a new interbank 24x7x365 real-time gross settlement (RTGS) service to be offered by the Federal Reserve Banks...more