Column's Realtime payments product is now available in the U.S., enabling instant transactions through the RTP® network and FedNow® Service. With over 75% of bank accounts reachable, these payments are instantaneous, accessible 24/7, and offer advantages such as lower costs and irrevocable transactions, marking a significant advancement in U.S. payment technology.
Stripes' first employee, who founded the fintech company Increase, has made a significant move by acquiring a bank, although the transaction has nuances that suggest it might not be a straightforward purchase. This development highlights the growing trend of traditional banking operations being integrated with tech-driven financial solutions.