PYMNTS

JUNE 18, 2019

’s push for real-time payments is led by The Clearing House, which aims for ubiquity of its real-time payments (RTP) network by 2020. The financial institution announced Tuesday (June 18) its collaboration with Finastra to connect corporate clients into the RTP network directly via Finastra’s Fusion Global PAYplus solution.

RTP

PYMNTS

DECEMBER 8, 2020

But how consumers will get those payments — hundreds of millions of payments, covering hundreds of billions of dollars — well, that’s open to some discussion. Morgan Managing Director Industry Head for Public Sector Treasury Services, Wholesale Payments Eva Robinson. Stimulus payments are again in the headlines and on the horizon.

Consumer

Faster Payments Council

AUGUST 23, 2024

This session will be a pioneering and historic panel that promises to demonstrate what the future ecosystem of real time treasury and payment operations will look be from leading FIs, Fintechs, ecosystem orchestrators, and artificial intelligence. It's time to confront the harsh reality—innovation alone doesn't drive broad adoption.

FPC

PYMNTS

JUNE 4, 2020

Regional bank holding company Huntington is now using the RTP network, meaning it now has a new real-time payments option to help people get money nearly instantly, according to a press release. RTP is offered through The Clearing House and is touted as the first new payments rail in the U.S.

Real Time Payments

Fintech Finance

JULY 24, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, is pleased to announce that Carl Slabicki, Executive Platform Owner of Treasury Services at BNY, has been named the new Chairperson of the FPC Board of Directors.

Faster Payments

PYMNTS

APRIL 2, 2019

When The Clearing House (TCH) unveiled the Real-Time Payments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. Payment solution providers are now also getting in on the real-time game and supporting a growing list of RTP use cases that use the network for rapid transaction speeds.

Real Time Payments

PYMNTS

DECEMBER 4, 2019

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. Wells Next to Tap RTP for Corporates. The integration will first go live for U.S. business customers, the FI noted.

B2B

PYMNTS

OCTOBER 30, 2020

Corporate buyers that pay vendors, meanwhile, might seek to satisfy these business partners by delivering money via same-day ACH or over the RTP network. You can do standard ACH that’s free and it’s slow, or you can step up and go to same-day ACH or RTP,” she said. “It It depends on, ‘Is that customer really cash-strapped?

Faster Payments

PYMNTS

DECEMBER 10, 2020

Prior to COVID-19 , she said the treasury had focused on lean operations, with little time allowed for deep dives to investigate other things. Today, treasuries have taken on a new priority. Castelhano believes that ML gives treasuries “the headroom they need to be more strategic.”. Build It, Buy It Or Partner? “At

Real Time Payments

PYMNTS

JULY 27, 2020

As larger firms are turning back to their treasury banking partners to figure out how to enable instant payout options for their workers or customers, they find that they may not quite have what they need. But ultimately consumers know choices are out there, Edwards said, and demand for them is going to rise.

On-Demand

PYMNTS

DECEMBER 11, 2017

FIS will bridge Fifth Third into The Clearing House’s (TCH) Real-Time Payments (RTP) system to enable real-time transacting for customers. Fifth Third said it will go live on the RTP system in early 2018 and will support business and consumer transactions. Christopher Ward, in a statement earlier this month.

Real Time Payments

PYMNTS

AUGUST 21, 2018

Less than a year after going live on The Clearing House ‘s Real-Time Payments (RTP) network, PNC is now linking corporate customers of PNC Treasury Management to RTP capabilities. Funds transferred using RTP are available to receivers within seconds, the financial institution (FI) noted.

Real Time Payments

PYMNTS

JANUARY 28, 2021

The complexities of corporate cash management — particularly across borders and currencies — means that a broad range of treasury and CFO functions are getting the high-tech, outsourced treatment. For enterprises, the lure is there to streamline B2B payments, or offer preferred payments in a given market (to name one example).

Process

PYMNTS

DECEMBER 6, 2017

PNC announced it is now live on The Clearing House’s real-time payments network RTP, according to a press release published on Tuesday (Dec. The financial institution (FI) has linked into RTP in the U.S. via Finastra ’s Fusion Payments, a payment services platform.

Real Time Payments

PYMNTS

OCTOBER 29, 2020

Consumers are also working to handle new budget strains and seeking swifter access to their earnings so they can better make ends meet. Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Vendors are not the only ones feeling the pain, either.

Faster Payments

PYMNTS

SEPTEMBER 10, 2018

Financial services firm PNC Treasury Management , for one, recently announced that its corporate clients are now connected to their Real-Time Payments (RTP) network. The connection is designed to enable users to originate RTP transactions using APIs, file transmissions or the firm’s online or mobile banking portal.

API

PYMNTS

DECEMBER 31, 2019

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. Manual payment generation is both time-consuming and demanding, tying up personnel who could instead be focusing on other tasks. Manual processing challenges.

Process

PYMNTS

OCTOBER 23, 2019

One of them is Deluxe Corporation, whose Treasury Management Solutions unit announced this week a new plug-and-play check scanner that allows users to more seamlessly begin scanning paper checks and integrating that information into back-end systems. Start From Scratch. s first new payment rail since ACH launched in 1974.

Faster Payments

PYMNTS

OCTOBER 21, 2019

The solution leverages the RTP network from The Clearing House for real-time payments clearing and settlement capabilities, allowing suppliers to receive instant access to funds, as well as detailed information about the transaction. “PNC

Visa

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. Especially in the U.S.,

Settlement

PYMNTS

DECEMBER 20, 2019

Pepper is targeting direct-to-consumer (DTC) startups and digital businesses, allowing them to predict and analyze finances. Modern Treasury. based Modern Treasury will continue to bolster its treasury and corporate finance solutions. -based Pepper has announced a $5.6 million seed funding round, per recent reports.

Small Business

PYMNTS

APRIL 22, 2019

Some industry experts are beginning to challenge that notion, though, particularly when it comes to internal cash flows and treasury management processes. Still, others have said that B2B payments should be largely left out of the faster payments conversation.

Faster Payments

PYMNTS

DECEMBER 27, 2019

According to the latest edition of the PYMNTS Disbursement Tracker , 64 percent of consumers have heard of instant payments and are interested in knowing more, a dramatic uptick over 2017 when only a little over a third of consumers had even heard of this new way to be paid. The numbers go beyond awareness. How do they do that?

Instant Payments

PYMNTS

SEPTEMBER 17, 2019

Consumers live in a real-time world. That expectation increasingly extends to how consumers want to access their money. What we see more and more, though, is that it has to work for many different types of businesses who want to push those funds instantly, and consumers who want to receive them in a variety of ways.

Instant Payments

Tearsheet

DECEMBER 17, 2024

The firm recently made two announcements of note: i) Enhancing money movement with Trustly: The firm announced it will be working with Trustly on payments coming through the ACH and RTP networks and Trustlys pay-by-bank ecosystem. We’re not going backwards.

Embedded Finance