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There are dozens of real-time payment initiatives launching around the world that are accelerating efforts that began during the pandemic to get people and companies paid with spee
stanley cup d and security.ACI Worldwide Head of Real-Time Payments Craig Ramsey said in an interview with PYMNTS that although the U.S. has lagged behind other nations in adopting real-time payments, the country is quickly catching up to places that have had a head start.Ramseys comments were part of PYMNTS new Connected Economy series th
stanley cup at delves into the post-pandemic digital acceleration that saw 10 years worth of innovation jammed into the past 10 months.Ramsey pointed to Venmo, Zelle and The Clearing Houses Real-Time Payments RTP network as drivers of real-time payments in the U.S. to date, while the looming FedNow initiative from the Federal Reserve is poised to bring more users to the real-time realm
stanley uk . We still need to see more merchants and more corporations engage, he said. Though P2P payments currently dominate, B2B payments still have a long way to go before they leverage real-time payments to the extent thats possible even today. FedNow will give the B2B space an extra boost. In the meantime, the advantages and usefulness of real-time payments can be seen in the use case of Uber drivers who dont want to wait overnight to get paid for the work theyve done, said Ramsey. They want money paid out instantly so they can reuse those funds in service of the things that matter to them. Instantaneous se Yprv Police Get More Authority To Inspect Companies IT In China
With the power of mobile sales technology and solutions, consumers and merchants can now make and accept payments from across the room or acr
gourde stanley oss an ocean. These solutions are often universal, where consumers in different countries, using different currencies, can seamlessly and quickly exchange funds.Mosambee is one company betting on the universal nature of mobile payments, as it recently expanded its mPOS system into the United States. The com
stanley termohrnek pany, which served India and other nearby countries prior to the expansion, offers an mPOS device that can accept almost any form of payment via a card reader and Bluetooth connectivity. It also works as a mobile wallet, called Mosambee.Cash.PYMNTS recently caught up with Alok Arora, CEO of Mosambee, to discuss the challenges of building and maintaining an international mob
kubki stanley ile payments system and what he sees in the industrys future. Arora said the company hopes to carve its own space in the U.S. mPOS market alongside major players in the industry, rather than competing directly against them. Were not competing with the large processors, Arora explained. We intend to make all forms of payment available to everyone. We dont want merchants to have to lose money because they could not accept a certain form of payment. Building A Successful Solution In IndiaArora said that, when he and his team set out to build a mobile payments solution, they wanted to be sure it would be truly universal. To do so, they ensured it can accept and adjust
