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Real-time payments for car dealers are being introduced by TD Banks auto finance division, which provides funds throughout the day as contracts are signed.聽TD Auto Finance is the first indirect lender and the first major auto lender to offer the means for real-time payments nationwide to its network of car dealers, according to a press release on Thursday March 31 .The capability enables TD Auto Finance to make payments to dealers throughout the day as contracts are booked and avoid the overnight process of sending batch payments using ACH. We understand how important cash flow is to dealers. Our goal with real-time payments is to make life easier for dealers by eliminating the need to wait for
stanley nz payments overnight and giving them maximum confidence in their cash position and ability to operate their business, said Andrew Stuart, president and CEO of TD Auto Finance.聽Stuart added that the banks concentration on advancing the development of payments is important in deepening our dealer relationships. Related
stanley usa : TD Bank Acquires Bank Holding Company First Horizon for $13.4BThe concept of real-time payments from TD Auto Finance was trialed with a pilot group of car dealers in October 2021 and is now being rolled out nationwide in phases to dealers who are already live on The Clearing House TCH RTP庐 network.Since connecting to TCH network almost three years ago and as a TCH owner bank, TD has seen a surge in demand
stanley quencher for real-time payments.聽 We are excited to see TD Auto Finance b Halt HanesBrands Net Sales Jump 25 Pct; Company Unveils Three-Year Growth Plan
http://pymnts/wp-content/uploads/2016/07/Navigating-A-Perfect-Storm-Of-Payments-Disruption.mp3A tsunami of change is happening in the payments industry right now, explained Hannah Preston, a聽Solution Strategist for the Payment Security Division at CA Technologies.Change that makes the need to secure the digital payments ecosystem even more critical. And that, Preston asserts, is about addressing three separate but very related topics: authenticating the consumer, determining who get access to that consumers personal data, and making sure that both the access and data remains secure. That was the topic of a 45-minute conversation between Karen Webster and CA Technologies executives, Carol Alexander and Hannah Preston 鈥?who threw in a li
stanley us ttle dose of how a few new regulatory wrinkles fit, too.Wading The Technical Limbo ;This wave of change has left banks and issuers across the U.S. and Europe examining the various options that face them in order to conne
stanley usa ct the authentication, access and data dots, securely, while eliminating consumer friction when transacting. And in some ways, Preston and Alexander remarked, that ha
stanley quencher s left them in a bit of a holding pattern in light of the regulatory requirements that PSD2 has imposed on access to their customers ; account data.In some countries theres even a sense of technical limbo while they await technical standards to be fleshed out, Preston said, pointing toward one specific European regulation
