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Instant Payments May Give Credit Unions a Deposit Growth Advantage

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Banks have generally measured instant payments by transactions: how many customers use them, how much money moves and how quickly payments arrive. An example from Amplify Credit Union adds another measure: deposit growth. Business accounts that received at least one instant payment grew 25% faster after Amplify enabled receive-only capabilities on The Clearing House RTP […]

The post Instant Payments May Give Credit Unions a Deposit Growth Advantage appeared first on PYMNTS.com .

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