Mandatory APP scam reimbursement turns fraud into a line in instant-payment unit economics, and the receiving firm now pays half. What it costs, and who.
Much of payments profit is interest on money in transit. Instant rails remove the transit, rates swing the yield. How to find float dependence.
Instant rails do not just speed treasury up. They remove the delay it was built on. Here is what breaks and what CFOs should ask their banks.
FedNow launched July 2023 as the Fed's instant answer to RTP. Three years in, adoption is real but stalling. Why mid-tier banks lag, what comes next.
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