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Instant Payment Networks Expand
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The discussion between industry leaders highlights the growth of instant payments in the U.S. driven by FedNow and RTP networks, with a focus on expanding beyond large banks to community institutions. Fraud prevention is a crucial aspect, and the aim is to onboard all U.S. community banks for cost-effective payments.
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How might the expansion of instant payment networks impact traditional banking systems?
What role do community banks play in driving the adoption of instant payment solutions?
What strategies could be employed to enhance fraud prevention in instant payment systems?
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