PYMNTS

JUNE 23, 2020

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. RTP Gains Community Bank Traction. In the U.S., And when it comes to legacy rails, the U.S.

Federal Reserve

PYMNTS

AUGUST 10, 2020

That doesn’t mean that we can send a message and send a payment to 70 percent of the market,” he said, “but in terms of the technical ability and the network to use RTP, it’s there, and now it just requires a bank to make a decision to activate it.”. Expanding The Use Cases.

Real Time Payments

PYMNTS

MAY 7, 2020

back to some semblance of “normal” has challenges — and opportunities for banks, especially community banks and credit unions. The challenge lies with serving the needs of the individual who may be hesitant to go back to the old ways of banking — of walking up to teller windows, of handling cash in envelopes.

ATM

PYMNTS

DECEMBER 29, 2020

Banks and CUs that cannot or do not want to undergo the work of integrating with rails’ APIs as well as passing through certification tests may elect to gain access through third-party providers instead, for example.

Faster Payments

PYMNTS

NOVEMBER 18, 2020

It is also announcing a new partner in Daylight, a digital bank working with Visa and Fast Track to recreate a community bank concept digitally. An example of one such Fast Track FinTech is Daylight — a neo-bank designed to redefine the concept of community banking in the digital age.

FinTech

PYMNTS

JANUARY 11, 2021

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. If only enthusiasm were enough. Companies that want to integrate directly are lining themselves up for a major technical undertaking.”.

RTP

PYMNTS

JUNE 4, 2019

Payment company PayFi and The Clearing House (TCH) have partnered to bring real-time payments technologies to the community banks on PayFi’s Branch99TM Real-Time Platform, according to a release. “We We are in the middle of an unprecedented disruption in the banking and payments industries,” PayFi Head of Growth Peter Gordon said.

Real Time Payments

PYMNTS

NOVEMBER 2, 2020

While much has been written about India’s vast unbanked population — roughly one-eighth by the World Bank’s estimates — the more important issue to really look at is how much of India ’s population is under banked , Mandar Agashe , founder, managing director and vice chairman of Sarvatra Technologies told Karen Webster.

Debit Card

PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Today, however, the banking challenge has largely been solved.

B2B

PYMNTS

NOVEMBER 23, 2016

. “We all know, with the regulatory environment today, both banks and ACH providers require regulatory compliance in order to manage risk,” he stated. “There is a lot of talk around use cases and specific benefits for corporate, insurance and other types of disbursements,” he said.

Real Time Payments

Finovate

MARCH 19, 2024

” The integration will make it easier for community banks, credit unions, and mortgage lenders to give borrowers accurate rate information and superior pricing. At the conference, Curinos demoed its Amplero Personalization Optimizer , a solution designed to facilitate high-impact banking use cases.

Innovation

Faster Payments Council

SEPTEMBER 23, 2023

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. Thise session envisions the art of the possible for commerce use cases in the U.S. (Foundry Ballroom) Payment networks need volume to scale and keep costs low.

FPC

PYMNTS

JULY 30, 2020

Zycus Vice President of Corporate Development Richard Waugh said in the announcement, “We saw a perfect fit for our AI expertise in the technologically challenged accounts payable operations and created independent AP bots for multiple use cases in the invoice-to-pay cycle.”

Bots

PYMNTS

MARCH 27, 2019

Consider the scenario of a payments service that, upon embrace, keeps the customer relationship sticky, and opens the door to new products to be offered and used. For the customer, ease and speed of payments, and an accumulating list of use cases, make commerce and financial life easier. For the FI, top and bottom lines accrue.

P2P

PYMNTS

MARCH 9, 2020

TCH paid particular attention to community banks’ and credit unions’ abilities to connect with faster payment schemes. Such actions ensure that the offerings remain relevant to emerging needs and unanticipated uses. In a lot of other countries, a few of the larger FIs access the network and other FIs access through them.

RTP

PYMNTS

DECEMBER 31, 2020

Small banks are less able to afford widescale implementations of new faster payments technology off the bat, and so they tend to focus first on serving only the use case they thought would be most impactful. They might focus on use cases serving whichever customer base is larger or provides most of their revenue, for example.

RTP

PYMNTS

JANUARY 12, 2021

SHAZAM is providing the community bank with access to the RTP network via its SHAZAM Pay faster payments gateway, which will enable FIs of different sizes to cost-effectively implement real-time payments via an application programming interface (API), according to the announcement. “It

RTP

Fintech Finance

FEBRUARY 27, 2024

Through this integration, we’re offering financial institutions the flexibility to evolve their Real-time payment offerings based on demand and specific use cases. ” “Faster payments are not just for the big banks and large corporates,” said Erika Baumann, Director, Commercial Banking & Payments Practice at Datos Insights.

Instant Payments

PYMNTS

MARCH 16, 2018

“Banks from the biggest player on Wall Street right on down to community banks are absolutely ready for this change and want to get in on the ground floor. And the demand is really strongest from our community banking partners, who are adamant that they are not going to cede this ground to the likes of Chase or Wells Fargo.”.

AI

PYMNTS

MARCH 18, 2019

Somewhat ironically, these are some of the same players who now use the card rails to push payments in real time between senders and receivers on their respective platforms – Square Cash App, Venmo and Apple Pay Cash – and pretty cheaply, and very securely, across the debit card rails. and one of two operators of the ACH network in the U.S.,

Faster Payments

PYMNTS

JANUARY 18, 2018

“Both the results to date and the forward-looking expectations reported in this survey echo NACHA’s long-held position that use of Same Day ACH payments will continue to grow at a robust rate,” said Jane Larimer, chief operating officer of NACHA. based FIs offer same-day credits.

NACHA

PYMNTS

DECEMBER 7, 2018

Venture capitalists and equity investors targeted companies that apply big data technologies, including artificial intelligence, to an array of use cases, including fleet and manufacturing — leading to more than $322 million raised for B2B startups this week. Cross River Bank.

B2B

PYMNTS

DECEMBER 13, 2017

As the survey was primarily administered to small community banks and credit unions, this is a significant finding. Herd said that a year ago, “we always knew it would be a use case … FIs always knew some of their customers missed payroll deadlines, but they never heard from them because they could not help them.”

Same Day ACH

Finovate

AUGUST 26, 2024

In his 15 years in financial services, Kumar has helped multiple credit unions and community banks ideate and execute large scale digital transformation program. What are the Real Use Cases for GenAI in Financial Institutions and Banks? What Does the Era of Generative AI Mean for Financial Institutions?

AI

PYMNTS

MARCH 9, 2020

Nearly every single consumer uses an institution that provides all of those services as their primary bank. Ninety-two percent of consumers count their primary bank as either a national bank, regional/community bank or credit union. of consumers report that their primary bank is a digital-only bank (4.2

Credit Union

PYMNTS

DECEMBER 30, 2020

PYMNTS recently spoke with Jesse Honigberg , technology chief of staff at community bank Cross River , to discuss how the U.S.-based The bank also sought to keep this workload manageable by focusing first on facilitating specific, clearly defined use cases rather than attempting to enable everything all at once.

RTP

Tearsheet

MARCH 27, 2024

This shows that growing on-demand pay services can serve as an incentive for community banks to adopt RTP services, given that they can offer a competitive edge for these banks. Achieving widespread adoption remains a longstanding challenge for real-time payments in the US. billion by 2027 from 2.8

Instant Payments

PYMNTS

APRIL 25, 2019

While the Federal Reserve deliberates on whether it will create its own real-time payment (RTP) system, The Clearing House (TCH) is working to head off the competition by making a stronger case for its RTP being the best path to real-time payment ubiquity in the U.S. While financial players in the U.S.

Real Time Payments

PYMNTS

JULY 1, 2019

Further out, Anil said, Visa will begin to look at the more exotic and creative tokenization uses cases Rambus has been exploring. These guys have already been experimenting with different types of token use cases, including account-to-account or real-time payment tokens,” he said. Capital One Snaps up BlueTarp.

Push-to-Card

PYMNTS

JULY 19, 2018

Banking solution provider Finastra recently announced it would acquire FinTech solution provider Malauzai Software for an undisclosed price. According to a Finastra press release, the move is designed as part of its efforts to help community banks, credit unions and other smaller FIs enable digital banking capabilities for their customers.

AI

PYMNTS

MARCH 18, 2019

Although only 60 banks and credit unions (CUs) have made Zelle available to their customers, approximately 230 have signed up for the service. While some larger financial institutions (FIs) have joined the platform, regional community banks and CUs account for 85 percent of Zelle’s participants.

P2P

PYMNTS

JUNE 26, 2018

At present, payroll and gig worker payments may be the most emphasized use cases for faster payments capabilities in the corporate world, with fewer experts expecting payments acceleration to gain traction in accounts payable and supplier payment scenarios. They just don’t think there will ever be a use case for it.”

Real Time Payments

Fintech News

OCTOBER 28, 2024

It enables financial institutions, especially those without core banking systems or with systems lacking API integration, to manage bulk transactions. Initially designed for Microfinance Institutions to handle digital bulk loan repayments and disbursements, the portal is now being enhanced for broader use cases.

AI

PYMNTS

NOVEMBER 13, 2019

That sparked a catalyst of demand and opportunity in the market, said Edwards, as more industries saw use cases for faster and real-time payment services. ” There’s also a “lack of trust” between the market’s top banks and the thousands of smaller credit unions and community banks.

Real Time Payments

Fintech Labs Insights

OCTOBER 6, 2015

Fidor Bank introduced community banking more than five years ago and were early enablers of Bitcoin and Ripple. Now we are the first bank to offer open RESTful APIs secured with OAuth2.0, Fidor Bank is a fully licensed online bank with both a user-oriented and tech-driven mindset.

API

PYMNTS

NOVEMBER 16, 2018

As PYMNTS readers are well aware, the optimism and promise that surround AI (some of it mere hype that will eventually deflate based on actual use cases, of course) are at high levels.

AI

Fintech Labs Insights

JULY 22, 2015

Why it’s a must-see: BehavioSec’s technology has proven to work well in several different verticals and use cases. Fidor Bank introduced community banking five years ago. Now it is the first bank to offer open RESTful APIs with OAuth2.0, It embraced Bitcoin and Ripple two years ago.

Payment APIs and Integration