Brazil-based Matera is the top provider of software used by financial institutions in that country to facilitate transactions through the highly successful Pix instant payment system, which handles bank-account to bank-account transactions. Matera is adapting its software for US financial institutions looking to connect to the two instant payment networks that operate in the country—Real-Time Payments (RTP) and the FedNow Service. In Brazil, Matera’s software handles 300 million Pix instant payments monthly. On an annualized basis, that number exceeds all of the transactions for US-based...