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NewsBriefs

This article contains excerpts from news stories recently posted under Breaking Industry News on president and chief technology officer
our homepage. For links to these and other full news stories, please visit www.greensheet.com/ at FreedomPay, agreed, adding that
breakingnews.php. researchers found IT leaders focusing
on better use of data and real-time
insights.

Real-time payments
go live in Iowa

Westside State Bank, a community
bank in Iowa, is the latest bank
to bring real-time payments to its
customers through a connection
COVID 'Black Swan' reshaped global commerce to RTP, the real-time payments
network developed and operated
A new study by FreedomPay and J.P. Morgan describes COVID-19 as a "Black by The Clearing House. Westside is
Swan" moment that transformed retail and hospitality. Preparing for the Return accessing RTP through Shazam, and
of Demand: How America's Retail & Hospitality Tech Elite Tackle Disruption with Bankers' Bank is providing funding
New Commerce Investment, reports on U.S. IT decision-makers surveyed to capabilities. Westside is beginning its
identify top concerns and technology investment strategies. Molly Walsh, head journey with RTP by receiving instant
of product for merchant services at J.P. Morgan, credited changing consumer credits on behalf of customers. "Every
preferences for driving touchless and digital commerce adoption. FI starts with that," Steve Ledford,
senior vice president of product
These behaviors are "driving our merchant clients to build more effective strategy and development at TCH,
payment and data commerce strategies, create new roadmaps and shape explained in an interview. "It's really
vendor relations in 2021 and beyond," she said in a statement. Chris Kronenthal, a prerequisite for sending."

This stepping stone approach to
boarding banks to RTP is necessitated
by several factors, including the
reality that many banks use different
back-end processors for different
products. "We think most FIs will
end up with multiple providers and
multiple links to RTP because of the
way they put together their product
offerings," Ledford said.
ThetaRay, Google Cloud
tackle AML
AI-based solutions provider ThetaRay
disclosed June 15, 2021, that SONAR,
its anti-money laundering solution for
cross-border payments, is available
as a subscription service on Google
Cloud. The solution is designed
to help financial institutions,
fintechs and third-party service
providers detect and mitigate money
laundering activities in cloud-based
environments, representatives from
both companies stated. Mark Gazit,
chief executive officer at ThetaRay,
observed a recent spike in new
attack vectors, as money launderers,
human traffickers and criminals
took advantage of pandemic-related
disruptions.

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