The consensus is pretty unanimous (except among banks): the U.S. needs to speed up the processing of payments. What would a real-time system look like?

The fintech industry has always thrived on speed and innovation. Startups push boundaries with new products, while incumbents integrate technology to keep up with rising customer expectations. But as ...

Fortunately, we have a lot to learn from the rest of the world, where real-time payment systems have proliferated in recent years, and can use their example to identify gaps in the US system.

Shivansh Chandnani, along with his co-author Ajay Nagrale, explores the pivotal role of idempotency in payment systems in their recent analysis. This concept, rooted in mathematical set theory ...

January 24, 2025 SEPTA to spend $211 million on new fare payment system that uses virtual Key cards The transit authority's board approved a deal to have the new technology in place by 2029.

Four days after Donald Trump’s inauguration, Elon Musk’s top lieutenants at the Treasury Department asked its acting secretary, a career civil servant, to immediately shut off all USAID ...

Treasury’s payment system is one of the main financial arteries of the U.S. government, operating as an accounts-payable department that disburses money to contractors and millions of Americans ...