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0.000453426609664604 0.000582977069568619 -0.000518201839616428 -0.00116595413913705 -0.000518201839616428 0.000388651379712413 0.00233190827827448 0.00531156885606958
Stock impact report

Citizens Bank Will Launch Real-Time Payments For Commercial Accounts in 2019 [Forbes]

Fiserv, Inc. (FISV) 
Last fiserv, inc. earnings: 2/4 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.fiserv.com
Company Research Source: Forbes
Citizens Bank plans to phase in real-time payments for its commercial banking business starting in 2019. The bank, which is an owner bank of The Clearing House (TCH)  has been a backer of real-time payments for three to four years, said Matt Richardson, head of product solutions in treasury management at the bank. Citizens Bank Photo by Tom Groenfeldt Bank executives thought the U.S. needed a better payments system, he said. “This is following the global trend to get to faster payments; that trend is moving throughout the world and we felt the U.S. had to get up to speed in terms of faster payments,” he explained. “We still have wire  and ACH, but neither is really fit for purpose in a digital economy where the consumer expectation is that things happen immediately. It’s hard to support that with legacy platforms.” The bank will launch with the ability to receive real-time payments and then follow up later in the year with the capability to send by file Show less Read more
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