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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments.

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Cross River Bank On The Case For Direct RTP® Integration

PYMNTS

Instant payment systems have been launching in countries around the world as financial institutions (FIs), governments and various payment organizations seek to introduce technologies that can sate businesses’ demands for more streamlined exchanges of money with plenty of payments data. Direct Connections .

RTP
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Control Vs. Convenience Shapes Debate As FIs Adopt Faster Payments

PYMNTS

The benefits of instant payment services are gaining attention from companies that want to be able to transact with better visibility and cash flow information. Enabling rapid-fire transactions to become the norm requires a critical mass of banks and credit unions (CUs) adopting these rails, however.

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How One Community Bank’s RTP Journey Offers A Path For Others

PYMNTS

Legacy banks and financial institutions (FIs) keep scrambling to add new consumer-centric bank tech and digital experiences that layer sizzling consumerization onto sluggish B2B payments. Yet banks and FIs are making the move to RTP. If only enthusiasm were enough. If only enthusiasm were enough.

RTP
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Cross River To Provide Clients With Real-Time Payment Ability

PYMNTS

Cross River, a company that provides banking services for technology companies, will join The Clearing House’s (TCH) RTP network, according to a release. Aiming to simplify the FinTech ecosphere for its clients, Cross River has built a “plumbing” system on top of traditional payment systems.

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Deep Dive: How Small FIs Use Third Parties, Gradual Integrations To Guide New Payment Rail Adoptions

PYMNTS

The demand for faster payments is growing as companies look for swift, data-rich ways to transact. One study from 2019 found that 54 percent of 120 financial executives listed real-time payments as one of the most impactful emerging technologies, for example. Banks and CUs have options for how they make these upgrades.

RTP
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Real-Time Payments Are Reaching A Tipping Point

PYMNTS

While commercial real-time payments became available in the U.S. By the end of 2018, the RTP network reached a little more than half of U.S. But this has been the domain of larger financial institutions, especially when community banks and credit unions are included. Benefits of Real-Time Payments.