PYMNTS

SEPTEMBER 19, 2018

PNC Treasury Management joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions. “PNC, as an innovative and forward-thinking institution, understands the promise of emerging technologies like blockchain.”

Cross-Border Payments

PYMNTS

SEPTEMBER 24, 2020

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. s newest payment rails, RTP, FIS and The Clearing House are pairing up with a focus on smaller FIs.

Office of the Comptroller of the Currency

PYMNTS

OCTOBER 15, 2020

There’s room for RTP and ACH to co-exist, said Waterhouse, “for a very, very long time.” The vision has always been a traditional currency with the liability of a central bank that could run on the public internet and underpinned by blockchain. There need to be governance models. There need to be regulatory models around it.”.

Real Time Payments

PYMNTS

DECEMBER 4, 2019

Recent analysis from Juniper Research found that blockchain-powered cross-border B2B payments are expected to reach a $4.4 While firms like Diamante and SatoshiPay embrace blockchain, traditional players like Wells Fargo and HSBC are relying on RTP to accelerate corporate payments. HSBC Loops Into RTP.

B2B

PYMNTS

FEBRUARY 5, 2020

And he said the opportunity surrounding cross-border real-time payments (RTP) will have the most significant impact on end-users due to the “potential implications” for changing how the FinTech conducts business. Blockchain. But, that’s not to say its impact will be lessened once those questions are resolved.”

B2B

PYMNTS

AUGUST 30, 2019

bank to use RippleNet’s blockchain network to move money across borders. The speed of doing business continues to accelerate, and the efficiencies of RTP [real-time payments] allow our clients to not only keep pace, but stay ahead,” he said at the time. Fintech Futures reported that PNC is the first U.S.

Cross-Border

PYMNTS

AUGUST 3, 2020

’ ongoing development of a faster payments ecosystem has created space for digital assets and blockchain to play an increasingly important role in the landscape. And in the area of cross-border transactions, the transparency that blockchain provides can be unmatched against the legacy processes of the interbanking system.

Real Time Payments

PYMNTS

DECEMBER 18, 2019

Accenture Backs Blockchain. Professional services firm Accenture is backing blockchain in a big way, announcing this week that it will collaborate with TradeIX to support corporate onboarding to the blockchain-powered trade finance platform of the Marco Polo Network. Credit Unions Embrace RTP.

B2B

PYMNTS

FEBRUARY 4, 2019

TCH, which is co-owned by 25 banks, launched Real-Time Payments (RTP) in November 2017. They stated that major banks have too much control over the RTP system and that they regarded the Fed as a compelling and more equitable alternative to achieving payments ubiquity. The Federal Approach.

Faster Payments

PYMNTS

NOVEMBER 17, 2020

Often, the payment method replacing paper is ACH payments, a substitution Anderson said will be accelerated by RTP. Blockchain is one promising rail that Anderson said could be particularly effective at addressing friction in cross-border transactions through data. Driving B2B Payments' Evolution.

B2B

PYMNTS

NOVEMBER 3, 2020

Plus, blockchain projects move closer to launch in the U.S. Smaller banks want to take advantage of this demand and are increasingly looping into The Clearing House 's RTP network , developed and owned by the largest banks in the country. Chase Creates New Blockchain Unit. and abroad. B2B Drives ACH Volume Up.

Use Case

PYMNTS

DECEMBER 27, 2019

Also, China is planning to build its blockchain cross-border pilot program. China To Widen Scope Of Blockchain Cross-Border Platform. China is in the midst of planning the development of its blockchain cross-border pilot platform, according to Lu Lei, the deputy head of the State Administration of Foreign Exchange (SAFE).

Cross-Border

PYMNTS

APRIL 29, 2019

Ripple, which enables money transfers via blockchain, has been utilizing its distributed ledger technology to support cross-border payments. This can be accomplished with a standard like ISO 20022, which has been implemented more than 80 times worldwide, including with TCH’s RTP system in the U.S. and Australia’s NPP.

Interoperability

PYMNTS

DECEMBER 9, 2020

billion transactions across 16 card-based networks, 65 domestic ACH schemes, 7 RTP schemes and five payment gateways. To get a sense of that scale, consider the fact that Visa Direct has grown to facilitate nearly 3.5 The Rails Stretching Ahead.

Use Case

PYMNTS

FEBRUARY 5, 2020

He added that “Phixius changes all of that” by using congruent regulations and “leveraging blockchain technology.”. Aside from using the blockchain, it will use Afinis interoperable and standardized APIs, as well as ISO 20022. Payments on the ACH Network reached a 12-year high in 2019, with 24.7 billion payments, up 7.7

NACHA

Clearly Payments

DECEMBER 18, 2023

Real-time cross-border transactions are hurtling towards us, powered by blockchain and other innovations. payment landscape: Real-time Payments: Services like Zelle and The Clearing House RTP system are gaining traction for their swift and convenient fund transfers. The global real-time payments market is projected to reach $1.2

Payments Trends

PYMNTS

DECEMBER 26, 2018

The podcasts take in a wide variety of topics, from the emerging connected car ecosystem and what it really means, to getting a clear handle on blockchain, to the rise of contextual commerce, to making cross-border payments easier and less expensive, to — well, you get the idea. Cutting Through the Blockchain Fog.

Cross-Border

PYMNTS

OCTOBER 23, 2019

PNC Treasury Management recently debuted a tool that allows corporate buyers to automatically choose a faster payment solution , including real-time payment (RTP), Same Day ACH or next-day ACH, to pay their suppliers by analyzing which payment method would be quickest and most cost-effective.

Faster Payments

PYMNTS

FEBRUARY 6, 2020

Networks like The Clearing House’s RTP and the Federal Reserve’s upcoming FedNow service have taken this approach to building new payment rails from the ground up, while other FinTechs are exploring opportunities in technologies, like blockchain, to do the same. Corporates’ Real-Time Demand.

Settlement

PYMNTS

DECEMBER 18, 2020

Morgan unit dedicated to blockchain, digital currency and wholesale corporate payments.). But he said that for Volante — which offers bundled services that tie infrastructure to applications that enable FIs to integrate everything from Fedwire to ACH to RTP — nowadays “80 percent of the conversations are about Payment-as-a-Service.

Economy

PYMNTS

FEBRUARY 3, 2020

He highlighted The Clearing House’s recent decision to raise the threshold limit for RTP transactions from $25,000 to $100,000. Vasir said the drive toward faster payouts and real-time access to earned wages has introduced new use-cases for faster payment networks in the payroll space. A New Data Security Paradigm.

Payroll

The Fintech Times

JULY 24, 2024

Up to this point, US financial institutions have relied on The Clearing House ‘s (TCH) Real-Time Payments Network (RTP), run by big banks. Banks have a difficult choice between TCH’s RTP network and the new kid on the block, FedNow. In fact, in 2023 , real-time payments only made up one per cent of all payments in the country.

FedNow

PYMNTS

DECEMBER 31, 2019

Firms still must take care not to buy into the hype of technology-based solutions — such as those enabled by artificial intelligence (AI), blockchain and robotic process automation — without understanding their business needs. More than 40 percent are interested in same-day ACH, and over 30 percent are interested in blockchain technology.

Process

Clearly Payments

AUGUST 14, 2024

Advances in Technology: The adoption of new payment technologies, such as real-time payments (RTP) and blockchain, is driving down processing fees. For example, the European Union’s IFR and similar initiatives in other regions aim to reduce the cost burden on merchants.

Process

PYMNTS

JANUARY 27, 2020

Square made a big — and crypto-friendly — jump forward on real-time payment (RTP) efforts. Square Crypto-Inclusive RTP Advance. The RTP announcement came alongside news from Square that it is in the process of creating a “ Lightning Development Kit ” for eWallet developers. FICO 10 — and Its Possible Impacts — Looms Large .

Visa

CB Insights

NOVEMBER 2, 2017

The next wave of regtech will leverage advanced technology like machine learning, natural language processing (NLP), and blockchain to replace old policies and procedures. Regtech could also play a role in providing assurance and compliance on the blockchain. Today, solutions are complementing existing workflow.

Compliance

PYMNTS

SEPTEMBER 20, 2018

As much as 33 percent of businesses said they plan to invest in account-to-account (A2A) real-time payments (RTP) technology, while 32 percent said they plan to invest in automated payables solutions. Even blockchain is gaining traction, with 10 percent of companies planning to invest in them over the next three years.

B2B

Faster Payments Council

SEPTEMBER 12, 2022

RTP) looks like right now, best practices in implementation, and lessons from the market. Speakers: James Sellick, Ripple 3:30pm: Meeting Close (Minneapolis Ballroom Salon AB)

FPC

The Fintech Times

AUGUST 30, 2024

DeFi.Gold, a company developing a non-custodial decentralised exchange (DEX), launchpad, and NFT marketplace on the Bitcoin blockchain, has forged a strategic partnership with Luna PR, a global marketing and communications agency specialising in Web3 and emerging technologies.

FinTech

PYMNTS

DECEMBER 20, 2019

Though the company has not yet launched operations, reports in it was reported that the company will connect small firms to credit and spend management solutions using artificial intelligence (AI) and blockchain. Other investors include Sequoia India, GGV Capital and RTP Global, according to Deal Street Asia reports.

Small Business

Faster Payments Council

SEPTEMBER 23, 2023

Newer infrastructure platforms are being built using blockchain / distributed ledger technology, posed to remediate the functional inefficiencies of legacy systems across product lines. The presentation will diagram & outline how a reserve account is used for payment transactions from FedNow, ACH, RTP, etc.

FPC