RBA maintains squeeze on interchange as banks fail in payments reform

RBA maintains squeeze on interchange as banks fail in payments reform

The Reserve Bank of Australia has decided to continue regulating interchange fees on card transactions after concluding that insufficient progress had been made in opening up the domestic payments system to new competition.

Reserve Bank insists maintaining rock bottom interest rates | Finance Report


The Reserve Bank has insisted it will maintain rock bottom interest rates for at least three years. Here’s business editor Ian Verrender on that and why real estate has “gone nuts”.
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Reserve Bank keeps interest rates on hold at 1pc despite stalling economy | ABC News


The Reserve Bank has kept its official interest rate on hold, despite indications the economy slowed sharply over the June quarter.

The RBA board decided to keep its powder dry after making consecutive cuts in June and July to take the cost of borrowing to a historic low of 1 per cent.

The decision was taken ahead of tomorrow’s release of second quarter GDP figures, which are expected to show the economy slowing to its weakest growth in almost two decades.

Read more here: https://www.abc.net.au/news/2019-09-03/rba-keeps-rates-on-hold-at-1pc-despite-stalling-economy/11473456

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How houses make banks millions and homeowners pennies


The banks making a killing�� Here’s how ��

They make almost all of their profits from interest before you get any meaningful equity in your home.

Ever seen an amortization schedule? Think back to exponential decay from math class. It just so happens to work out that the payments on a loan at any given interest rate are weighted HEAVILY towards interest in the early part of the loan term, and principal at the late part.
So what do you think is the smart thing to do here?

��Rental Calc & More �� Link in Bio
��8-hr training program��Link in Bio
��DM your deal if you want a video on it!
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Warnings of imminent recession if Reserve Bank of Australia continues to hike interest rates


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Oz central banker floats digital dollar; govt sets up fintech advisory group

Oz central banker floats digital dollar; govt sets up fintech advisory group

Australia could introduce a digital version of its dollar, a senior exec at the country's central bank says, although any state-backed digital currency is in the distant future and likely to circulate in parallel with old fashioned notes and coins.

Update: Fraud in the Alternative Funding Industry. What are we doing differently?


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1. Experience. 2. Expertise. 3. Ability to execute

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2021, Asset Pricing Panel Discussion, Central Bank Digital Currencies: Challenges and Opportunities


2021 Asset Pricing Program Meeting Panel: “Central Bank Digital Currencies: Challenges and Opportunities”
https://www.nber.org/conferences/asset-pricing-program-meeting-fall-2021
Panel Discussion ─ Central bank digital currencies: Challenges and opportunities
Darrell Duffie, Stanford University and NBER (moderator)
Ulrich Bindseil, Director General of Market Infrastructure and Payments at the European Central Bank
Markus K. Brunnermeier, Princeton University and NBER
Monika Piazzesi, Stanford University and NBER
November 5, 2021

A Masterclass In Central Banking | Professor Jane Knodell


Jane Knodell, professor of economics at the University of Vermont and author of “The Second Bank of the United States: Central banker in an era of nation-building” joins the show for a masterclass in financial history. Taking us back to the founding of the First & Second Bank of the United States, Knodell discusses the origins of banking, central banking and everything in between, taking us on a tour from the late 1700’s to present day. To hear all this and more, you’ll have to tune in!

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Timestamps:

00:00 Introduction
01:02 The First Bank In The United States
04:29 The Coinage Act Of 1790
08:37 The Financing Of The Revolutionary War
14:40 How Successful Was The First Bank?
17:14 The Second Bank of the United States: “Central” Banker in an Era of Nation-Building
24:50 The Mechanics of “Discounts, Exchange & Treasury Debt”
29:05 The Panic Of 1819
33:02 The Panic of 1825 & The Role Of “Central” Banking
40:12 Did The Second Bank of the United States Closing In 1836 Have Any Effect On The Panic Of 1837?
46:29 The Panic Of 1907: The J.P. Morgan Bailouts
53:55 The Financial System’s Plumbing
57:54 The Financing of WWI
01:02:34 The Great Depression
01:07:47 Can The Federal Reserve Print Money?
01:11:13 Bretton Woods
01:15:35 The Treasury-Fed Accord
01:19:15 The FTX Fallout

Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Banking Explained – Money and Credit


Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?

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RBA appoints former Westpac CTO Girn as new chief information officer

RBA appoints former Westpac CTO Girn as new chief information officer

The Reserve Bank of Australia has appointed former Westpac tech chief Sarv Girn as its new chief information officer.

Westpac MasterCard Credit Card – 1987 Australian TV Commercial


Recorded from ATN-7 Sydney during a broadcast of the film ‘Rebel’ on Sunday 9 August 1987 at 8:30pm

Westpac Appoints Peter King as Permanent CEO


Apr.01 — Westpac Banking Corp. said acting Chief Executive Officer Peter King will take on the role permanently for the next two years as Australia’s oldest bank seeks stability amid the coronavirus crisis. Paul Allen reports on “Bloomberg Daybreak: Australia.”

Scam Spotter – Spot Scammy Moves When You Shop Online


Understand how you can spot and stop shopping online scams. Don’t Get Played.
https://www.westpac.com.au/security/

Information Management in the Banking World: Westpac


As Australia’s first bank, and first company, established in 1817 as the bank of New South Wales, the Westpac Group’s portfolio of financial services brands and businesses serves 10 million customers. Watch as Westpac group executive of Technology Bob McKinnon shares with us his strategy for information management.

VocaLink, First Data and Accenture pitch Aussie real-time payments system

VocaLink, First Data and Accenture pitch Aussie real-time payments system

VocaLink, First Data and Accenture are planning to build a system similar to the UK's Faster Payments service in Australia, enabling consumers and businesses to transfer funds between bank accounts in near real-time.

Real-time Payments – Architecting business and technology models for business value

What is RTGS funds transfer system?


Real Time Gross Settlement or RTGS system has cut short the risk to high-value payment settlements among financial institutions. It is used by central banks worldwide. Find out more about the system.

#RTGSexplained

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Who is the Clearing House (TCH)?


Who or what is the Clearing House (TCH)? Learn more on this Payments Professor “Who is” Wednesday

Finextra interviews Accenture, VocaLink: Payments innovation across the globe


A.P. Hota, managing director and CEO of the National Payments Corporation of India, Alice Zanza, senior payments specialist the World Bank, Ian Hooper payments lead for Asia Pacific at Accenture and David Yates, CEO of Vocalink discuss innovation in payments across the globe.

Originally published on Finextra.com on: 5 November 2012

For all your fintech-related news, please visit https://www.finextra.com.

Reserve Bank of Australia looks to halt PayPal rule

Reserve Bank of Australia looks to halt PayPal rule

The Reserve Bank of Australia (RBA) is looking to halt attempts by online auction house eBay to force sellers in the country to offer PayPal as a payments option on sales listings.

Reserve Bank lifts interest rates to reach 10-year high | The Business | ABC News


The Reserve Bank has lifted interest rates by 0.25 of a percentage point, taking the cash rate target to 3.1 per cent. The increase — the eighth in eight months — will add around $75 to the monthly repayments of a household with a $500,000 mortgage debt on a 25-year term.
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Global Banks RAISE Interest Rates by 50 points – AGAIN! Reserve Bank of Australia (RBA) to follow?


#breakingnews
It’s ‘To Infinity and Beyond’ as central banks in both New Zealand and Korea have pushed ahead with further SUPERSIZED interest rate rises as they attempt to tame rampant inflation! Both have been at the forefront of global central bank moves to quell inflation, lifting rates from pandemic lows in the second half of 2021. The Reserve Bank of New Zealand (RBNZ) increased its benchmark overnight cash rate target from 2 to 2.5 per cent on Wednesday, while the Bank of Korea (BoK) also raised rates by 50 basis points earlier that morning to 2.25 per cent. But with calls for the Reserve Bank of Australia (RBA) to do the same, will we see another interest rate increase before August 2022?

Here are the key details:
✅ Both the RBNZ and Bank of Korea have raised interest rates by a further 50 basis points.
✅ New Zealand’s benchmark cash rate is now 2.5 per cent and Korea’s 2.25 per cent.
✅ Many economists now expect that many central banks will stop hiking rates by the end of this year.
✅ The Reserve Bank of Australia will most likely follow suit with another cash rate hike before August.

If you want free expert advice on your home loan, chat to one of our Home Loan Specialists at a time that suits you ➡️ https://hello.huntergalloway.com.au/meetings/jayden-vecchio

In this video, we’ll analyse what these global bank decisions mean for the Australian economy and answer the following questions:

�� How high could interest rates go in 2022?
�� Why are the global banks increasing their cash rates?
���� Why have New Zealand increased their interest rates for homebuyers?
���� What can we learn from Korea’s lift in interest rates
�� How will interest rates affect the Australian property market?
�� Where will the RBA’s cash rate be by 2023?
✋ Why you should BEWARE in 2022?
�� What can first home buyers do to get ahead of the market?
�� Is NOW a good time to buy a home?
�� What role do the major Australian banks play?
�� Should current homeowners be worried?
�� How does the Reserve Bank Of Australia’s cash rate affect property prices?
��️ Will property prices increase in 2022?
�� Will the Reserve Bank of Australia lift the cash rate again in August?
�� What have the banks recently announced?
�� Why are the banks taking such a tough stance on home loans?
��️ Why you need to speak to a mortgage broker
�� How your Mortgage Broker can save you thousands!
✋ How cautious should you be in 2022 with your mortgage?
�� What next for the Australian property market?
↕️ What does a 7% inflation rate mean?
�� What do these rate rises actually mean for your mortgage?
�� What should investors do in 2022?

Traders are currently pricing in a roughly 50/50 chance that the Reserve Bank of Australia will follow its neighbour across the ditch with a third consecutive 50-basis-point rate rise in August. Such a move would take Australia’s cash rate to 1.85 per cent.

Here’s what we cover in this video:

00:00 RBNZ & Bank of Korea lift interest rates by 50 basis points again!
00:20 What’s happening in 2022?
01:55 Will the Reserve Bank of Australia (RBA) lift Interest Rates?!?
02:50 Commonwealth Bank Forecasts 3.5% Cash Rate!
03:30 Are we nearing the end of the rate rises?
04:45 What does this mean for Homebuyers?
05:40 What is Quanitiative Tighetning (QT)?
06:40 No more STIMULUS! TFF Explained!
08:30 John Adams: Australia’s Fake QT Program
09:45 Could the cash rate be REVERSED in 2023?
11:00 2023 Housing Market PREDICTIONS
11:40 How will this impact Homeowners?

⏰ MUST WATCH VIDEOS & ARTICLES ��

➡️ https://www.abc.net.au/news/2022-07-13/rbnz-bank-of-korea-lift-interest-rates-by-50-basis-points-again/101234458

➡️ https://www.investordaily.com.au/markets/46755-fed-launches-qe-infinity

➡️ https://www.rba.gov.au/speeches/2022/sp-ag-2022-05-23.html

➡️https://www.adamseconomics.com/post/australia-s-fake-quantitative-tightening-program

For more info, visit us here �� https://www.huntergalloway.com.au/mortgage-broker-brisbane/

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Reserve Bank of Australia Raises Key Rate by 50 Basis Points to 1.85%


The Reserve Bank of Australia has raised its key interest rate by 50 basis points to 1.85% as expected by most economist surveyed by Bloomberg. Yousef Gamal El-Din and Manus Cranny report on “Bloomberg Daybreak: Middle East.”

What does the Reserve Bank do?


Find out what the Reserve Bank of Australia does in this short animated video. Learn more at www.rba.gov.au/education.

ICE adds RBS and readies for Europe launch: RBA calls for expansion of CDS clearing to Australia

ICE adds RBS and readies for Europe launch: RBA calls for expansion of CDS clearing to Australia

IntercontinentalExchange has added Royal Bank of Scotland to its roster of clearing members and confirmed that it will be ready to launch its credit default swaps clearing counterparty in Europe by July.

Redbubble auto generate description, tags, check trademark, and manage designs (greatest time saver)


We are back with some new helpful updates. You can now easily track keywords and manage your designs using Topbubbleindex. Save great amount of time using this new Topbubbleindex feature for Redbubble.

Try it now for free: https://www.topbubbleindex.com

Tutorial R for research: Randomised complete block design


In this tutorial how to use R programming for setup and analysis of Radnomised complete block design. ANOVA has been used to analyze the experimental data. 4 experiments have been discussed.

#Rprogrammingtutorial #Rprogramming #LinearRegreassion #Experimntaldesign #RBD
#researchmethodology #research

Ice


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AWS On Air ft. MemoryDB – ACK Controller for Kubernetes


AWS Controllers for Kubernetes (ACK) for Amazon MemoryDB enables you to define and use MemoryDB resources directly from your Kubernetes cluster. This lets you take advantage of MemoryDB to support your Kubernetes applications without needing to define MemoryDB resources outside of the cluster or run and manage in-memory database capabilities within the cluster. You can download the MemoryDB ACK container image from Amazon ECR and refer to the documentation for installation guidance.

Learn more about Amazon MemoryDB and key developer features at https://go.aws/3Ps4rle

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ABOUT AWS
Amazon Web Services (AWS) hosts events, both online and in-person, bringing the cloud computing community together to connect, collaborate, and learn from AWS experts.

AWS is the world’s most comprehensive and broadly adopted cloud platform, offering over 200 fully featured services from data centers globally. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—are using AWS to lower costs, become more agile, and innovate faster.

#MemoryDB #Redis #Kubernetes #Containers #Cluster #AWS #AmazonWebServices #CloudComputing

Bank for International Settlements cast as digital currency regulator

Bank for International Settlements cast as digital currency regulator

Regulatory intervention in the digital currency marketplace would need to be co-ordinated by an international body such as the Basle-based Bank for International Settlements, according to the Reserve Bank of Australia.

In conversation with central bank leaders about the evolving role of private digital currencies


Central bank leaders on the evolving role of private digital currencies in the financial system of the future and how central banks should respond to continue ensuring monetary and financial stability.

This session is part of the BIS Innovation Summit 2022: https://www.bis.org/events/bis_innovation_summit_2022/overview.htm

Speakers: Cecilia Skingsley (First Deputy Governor, Sveriges Riksbank), John Williams (President, Federal Reserve Bank of New York) and Perry Warjiyo (Governor, Bank Indonesia).

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Central bank digital currencies


CPMI media conference

Benoît Cœuré (Chair,Committee on Payments and Market Infrastructures), Jacqueline Loh (Chair, Markets Committee)

Cœuré and Loh answer questions about the CPMI/Markets Committee report Central bank digital currencies, https://www.bis.org/cpmi/publ/d174.htm.

Bank for International Settlements


The Bank for International Settlements – or BIS – is the world’s oldest financial organisation.

Founded in 1930, its headquarters are located in Basel, Switzerland.

It acts as a bank for more than 60 central banks, including the National Bank of Belgium.

Its main goal is to encourage cooperation between central banks and international supervisory authorities.

That’s why the BIS organises and hosts committees where senior officials from all sides can work together more effectively and find areas of agreement, like the famous “Basel Accords”, which deal with banking supervision.

CBDCs – an opportunity for the monetary system


Hyun Song Shin discusses how central bank digital currencies are moving from concept to practical design, renewing the institution of money for the digital age, as outlined in Chapter III of the BIS Annual Economic Report. https://www.bis.org/publ/arpdf/ar2021e3.htm

Zilch set to cut ten percent of staff

Zilch set to cut ten percent of staff

London-based BNPL unicorn Zilch is preparing to axe up to ten percent of its workforce just months after securing an additional $50m in funding.

team Umizoomi: Journey to numberland


team Umizoomi: Journey to numberland. Zilch the math-hating wizard locks the King of Numbers in his Crooked Tower. In order to free him, Team Umizoomi must find all three keys to the tower door. Team Umizoomi is inside Fountain Headquarters in their living room.

SUBSCRIBE: https://www.youtube.com/channel/UCXIF0qaV0RrcSNchs_SXykQ?sub_confirmation=1

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Gerber Zilch


Something brand new by Gerber Legendary Knives is here on the channel. The Gerber Zilch is here. This one is a great addition to anyone’s EDC rotation. Perfect “starter” blade or a great addition to a gentlemen’s blade collection, at a awesome price point to boot

If you would like to purchase this blade, i have left a link to Gerber’s webstore

https://www.gerbergear.com/en-us/shop/knives/all-knives/zilch-black-30-001878

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If you liked this video and you might like me to do a review of your product, please email me at [email protected] and lets talk

Zilch Anywhere How to use


In this video i show Zilch Anywhere How to use option, which can be used to pay any bill or shop, really handy app to have in tight times just remember to keep paying on time

In this video i talk about the app Zilch which you use to spread the costs of items you buy over 4 payments (bit like klarna)

Remember to press like to spread this video to more people, i thank you in advance

Join with my user code to support this channel

*****https://customers.payzilch.com/signup?****

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Zilch CEO on the growing buy now, pay later space


Philip Belamant, CEO of buy now, pay later company Zilch, joins Worldwide Exchange to discuss the growing space and how his company is standing out from the crowd. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

British start-up Zilch is riding the “buy now, pay later” wave to America.

The London-based company said Wednesday it has raised $110 million in a fresh round of funding which values it at $2 billion — four times the $500 million Zilch was worth in its last private investment round eight months ago.

The investment was led by Ventura Capital, a pre-IPO investor that has previously backed Alibaba and Spotify, and Gauss Ventures, an investor in London fintech firm Curve.

Zilch plans to use the fresh cash to launch into the United States. It has set up an office in Miami with about 10 employees working on its U.S. expansion.

Buy now, pay later, or BNPL, services have attracted swelling demand amid an acceleration of e-commerce during the coronavirus pandemic. Such products let shoppers split the cost of purchases over a period of months, often interest-free.

BNPL accounted for 2.1% of all global e-commerce transactions — about $97 billion — in 2020, according to Worldpay data.

Zilch is hoping its approach to BNPL will help it stand out from the crowd. Rivals like Klarna, Afterpay and Affirm include their checkout option on select retailers’ websites. Zilch, on the other hand, lets users pay at any merchant that accepts Mastercard.

Philip Belamant, Zilch’s CEO and founder, said the start-up chose that path because all BNPL companies “look exactly the same.”

“I’m not saying they’re bad businesses but they’re just copycats,” he said. “Our view was, you can’t come late to the party and just do something exactly the same way.”

“We’re actually using the incumbents’ entrenchedness against them. We’re going direct to consumers and saying you can buy now, pay later anywhere you like.”

The company is similar to rivals in how it makes money, however. Zilch takes a small cut from merchants on each transaction processed through its platform.

The idea is that retailers are willing to pay these fees as it increases their sales in the long run.

Wild growth

Belamant said his firm has experienced massive growth since securing a previous round of funding in March.

“The company is about eight times the size,” he said. “It’s been 30-35% underlying sales growth month-on-month for the entire year.”

Zilch says it now has 1.2 million customers and is onboarding 200,000 new users each month. The firm has over 210 employees — up from just 20 in March — and aims to hire another 100 workers in the next 12 months.

That growth could be tested in the coming years, however, as regulators take a closer look at the space. In the U.K., the government is introducing new legislation to bring BNPL under regulatory oversight.

“It should be regulated,” Belamant said. Zilch obtained a consumer credit license from the U.K.’s Financial Conduct Authority in 2019. It also offers a “pay now” option that lets users pay for items in full. Klarna recently launched a similar feature in the U.K.

“At the end of the day, BNPL is a debt instrument. And that’s why we went and got the consumer credit license,” Zilch’s founder said.

The start-up is also backed by Goldman Sachs and the venture capital arm of Daily Mail and General Trust, which owns the Daily Mail newspaper. It has raised a total of $340 million in both equity and debt financing to date.

That war chest of funds will be key to helping Zilch gain a foothold in the U.S. market, which is dominated by the likes of Affirm, Afterpay and Klarna.

“We do need to thank these other guys for spending millions on educating customers,” Belamant said. “Klarna tried six years ago to go to the U.S. and it didn’t work so well. And I think the timing was probably wrong.”

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RBA sets up real-time payments team

RBA sets up real-time payments team

The Reserve Bank of Australia has set up a project team to explore the creation of a central payments hub for real-time bank account transfers.

Tassat Group Executes the First Real-Time Digital Payment Between Two Banks Using Blockchain Tech


MORE INFORMATION:
Transfer between banks

https://www.businesswire.com/news/home/20211216006057/en

Need for Speed: How Real-Time Rail (RTR) will change the fintech game


For the second Fintech Drinks of 2021, we are excited to discuss a major technological improvement in the payments space called Real-Time Rails (RTR).

Leading up to the Payment’s Summit by Payments Canada, we will be discussing how the implementation of RTR will impact different stakeholders and opportunities that this presents for the ecosystem.

Real-time Payments (RTP) Guide Episode 8: Partners, Peers, and Technology


See our 2019 RTP Readiness Report: https://bit.ly/2VpEBSB

Read our 2019 RTP Implementation Guide: https://bit.ly/2FWBfkl

This video is Episode 8 in a series that covers real-time payments strategy and how smaller financial institutions can capitalize on the opportunity it provides.

See the RTP vlog series in its entirety here: https://bit.ly/2Uas2Oo

Throughout the series we’ll provide answers to frequently asked questions, like whether RTP should be an immediate or long-term roadmap item, what are the main decision points, how to navigate with limited resources and funding, what should be involved in vendor analysis, how to get started with real-time payments, and much more.

This episode focuses on partners, peers, and technology considerations.

Look outside of your organization. There are plenty of people to talk to. The first one is TCH. They’ve got a great team. They’ve got plenty of people who can support you, help you with your product ideas, help you with challenges you’re facing, help you solve technical difficulties, help you with looking at vendors. They can do all of these things for you. Don’t fail to seize that partner that’s in front of you. Leverage them completely.

There are also your other competing financial institutions. While you’re competitors, you also have to realize that the success for RTP is dependent on ubiquity and all banks adopting it. There’s opportunities for you to help each other by sharing challenges you’ve faced, how you worked through a particular question. For example, how some banks can talk to each other about how they adapted to real-time fraud analysis, particularly as a sending institution. Learn from each other and what challenges you faced and how you tried to solve those.

Lastly, your greatest partner is going to be your technology partner. You need to make sure you include them from the very beginning. RTP will change everything with how technology functions within your institution. You need to be looking at what systems you have, which ones are vendors versus which ones are internal, as well as how you can communicate with those systems. For example, your fraud system. Does it have some sort of API interface? Or your operations systems, do those have some sort of API interface? You need to look at all of these things and if you don’t have these capabilities, then you need to build them. The only way to discover these early on is by including technology and impressing upon them the breadth of the potential of change here and making sure they’re helping you think through everything.

Real-time Payments Architecture Guide Episode 2: RTP vs ACH Integration Differences


See our 2019 RTP Readiness Report: https://bit.ly/2VpEBSB

Read our 2019 RTP Implementation Guide: https://bit.ly/2FWBfkl

See our RTP architecture vlog in its entirety: https://www.levvel.io/blog/real-time-payments-architecture

See our RTP product and design vlog in its entirety: https://bit.ly/2wus5pL

See our RTP strategy vlog in its entirety: https://bit.ly/2Uas2Oo

If you’re a bank looking to integrate with RTP, you should be aware of some of the biggest differences between RTP and another payment type such as ACH. The three differences I want to highlight are first moving from batch-based processing to real-time. Second, real-time payments are irrevocable. And third, RTP is a credit push only system.

First, one of the biggest shifts in integrating with RTP, versus another payment type such as ACH, is the move from batch-based processing to real-time processing. So this is a shift that’s not unique to financial institutions in RTP. It’s really happening across many different industries and domains, and it’s occurring because customers continue to expect more and more of their interactions to be real-time.

So from smart speakers to social media, to video streaming services, customers expect systems to be up 24/7 and to be responsive. Banking is not immune to this expectation.

A second big difference between RTP versus ACH is the fact that real-time payments are irrevocable. This means that once the money is sent and both the participating FIs accept and acknowledge the credit transfer, the money moves, and there is no concept of a reversal. This is a different paradigm and takes some getting used to, but it also has some advantages of removing the complexity of things like reversals.

A third key difference between RTP and ACH is that RTP is a credit push only system, so there’s no equivalent of an ACH debit. This, again, has its tradeoffs, but it puts more control back into the customer’s hands.

Cards overtake cash for consumer payments in Australia

Cards overtake cash for consumer payments in Australia

Cards have overtaken cash as the primary method for consumer payments in Australia, according to data released by the country's central bank.

✅ Charge Customer’s Credit Card With Cash App? ��


Charge Customer’s Credit Card With Cash App?
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About this product:

Charge Customer’s Credit Card With Cash App?

I received this questions about accepting a credit card from a customer through Cash App. I guess this makes sense, since Cash App is owned by Square which is a credit card processing company. They are known for those little white credit card process devices that are attached to a cell phone or an ipad.

The short answer is no you can not, however there is a small workaround which I describe in this video to accept credit card payments through the Cash App from a client or customer.
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IS PROCESSING CARD PAYMENTS CHEAPER THAN PAYING CASH?


In this video I talk about whether processing card payment cheaper than cash?
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[How To Collect Money] Checks, Credit, Or Cash?


We are a husband and wife lawn care team. Today we are talking about the lawn care business and [How To Collect Money] and credit card payments. We do a rein action of a customer asking typical questions about what payment options we offer and how we can accept credit card payments. [How do you Collect your Money]?