Payments Source

OCTOBER 9, 2019

The Federal Reserve’s FedNow instant payments system will dramatically speed up payment processing, essentially allowing people and businesses to receive money in their accounts within seconds of a transaction, says the Retail Industry Leaders Association's Austen Jensen.

FedNow

Bank Automation

OCTOBER 4, 2024

As real-time payments become integral to growth strategies, small financial institutions are increasingly signing on with instant payment rail FedNow to boost transaction volume and improve efficiency.

FedNow

The Fintech Times

JULY 24, 2024

Last year, the US Federal Reserve launched FedNow as a competitive alternative for instant payments in the US. Celebrating its first birthday, we review how the instant payments service has been adopted over the past year. Are instant payment methods becoming more mainstream in the US?

FedNow

Finextra

APRIL 24, 2025

A special edition for Nacha's Smarter Faster Payments 2025. The US digital payments landscape stands at a transformative crossroads.

Digital Payments

PYMNTS

OCTOBER 12, 2020

And in at least one cue for CBDC design to be taken from cash, the BIS stated that the digital currencies should be as “easy as using cash,” in transactions that can be done through tapping card or scanning a mobile phone, in a bid to encourage adoption and accessibility. Certainly FedNow is addressing the instant payment component of that.”.

Central Bank

Nanonets

SEPTEMBER 1, 2023

The US Federal Reserve's new payment rail FedNow can shake up the landscape, offering significant time and cost savings. In this blog post, we delve into how FedNow could impact businesses and their vendor payment practices. What is FedNow?

FedNow

PYMNTS

JANUARY 23, 2020

Payments made with cash and checks are dropping in volume — the use of cash alone declined 40 percent over the past five years in Canada. Instant payments started 2020 on a high note, however, with the adoption of real-time payments and other speedy disbursement methods increasing over the past few years.

Instant Payments

PYMNTS

SEPTEMBER 17, 2020

Instant payments are not always freely available to microbusinesses, however, which could cause them challenges as they attempt to keep their operations afloat. Microbusinesses often have limited access to the real-time or instant payments they crave. Around The Disbursements World.

Instant Payments

PYMNTS

AUGUST 14, 2020

Digital dollars on the horizon? A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

Digital Currency

PYMNTS

OCTOBER 18, 2020

Portuguese payments provider SIBS has taken its instant payments service international two years after launching it as a intra-country platform. SIBS said more than 5 million instant payments were made inside Portugal over the past year — a rate of about 450,000 transactions per month. In the U.S.,

Instant Payments

PYMNTS

JANUARY 29, 2021

In this week's news, we saw Quevos secure funding, new data on loyalty and rewards programs, and research on how nonprofits are using digital payments. Open Banking Meets Instant Payments at the Online Checkout. FedNow Details Pilot Program Participants. The Weekender is here to catch you up. Trackers and Reports.

Digital Payments

Fintech Finance

JULY 12, 2024

We are excited about the future integration of real-time A2A transfers, allowing users to send payments instantly via the RTP® network and FedNow® Service rails.” “This partnership reflects our commitment to delivering innovative payment solutions that drive efficiency and improve the user experience. .

FedNow

PYMNTS

AUGUST 21, 2020

” Research into digital payments, of course, is nothing new for the Fed — and as Cunha offered by way of example, a few years ago his bank published research that found value in mobile payment tokenization. It’s not about going to production.” What’s Next.

CBDC

Faster Payments Council

MARCH 15, 2023

With the system joining the existing RTP system, both promising to modernize the way money moves and allow for greater use of instant payments, it seems the shift to real-time payments is 'inevitable'. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either. What are your options?

FPC

PYMNTS

AUGUST 14, 2019

New developments could speed up instant payments in the U.S. Last week, the Federal Reserve announced it would give some competition to The Clearing House’s Real Time Payments (RTP) with its own real-time payments service, FedNow.

Faster Payments

PYMNTS

DECEMBER 8, 2020

As for digital dollars and FedNow — they’re likely to impact the way disbursements are done, but the impact will be a few years out (FedNow, the instant payments system making its way from concept to reality, will not debut until 2023 at the earliest).

Consumer

Fintech Finance

APRIL 30, 2024

The European Union (EU) Instant Payments Regulation, passed in February 2024, is expected to drive instant payments volume across the Single Euro Payments Area, including the 27 EU member states. By 2028, instant payments are forecast to account for 13% of all electronic payments in Europe, up from 8% in 2023.

Real Time Payments

PYMNTS

NOVEMBER 3, 2020

Everlink Payment Services has its eye on real-time B2B payments with a new partnership with FINTAINIUM , the companies announced this week. By looping into existing rails, OpenPayd's technology can support instant settlement for businesses operating in multiple parts of the world. Smaller FIs Drive Real-Time Demand.

Use Case

Segpay

JUNE 25, 2024

Implementing similar measures in the US could improve consumer confidence in digital payments. Lower transaction costs can also stimulate a broader adoption of digital payments among US merchants. The efficiency of real-time payment processing in Europe provides merchants with immediate access to funds.

Online and Mobile Banking

PYMNTS

SEPTEMBER 17, 2019

And for good reason, Ingo Money CEO Drew Edwards noted in a recent conversation with Karen Webster and Ingo Executive Vice President and Chief Product Officer Lisa McFarland — instant payments present a world of interesting possibilities for creating better consumer experiences across a wide range of uses. Edwards said.

Instant Payments

Faster Payments Council

MARCH 30, 2022

Financial institutions require 24/7 connectivity, real-time settlement and liquidity management, customer interfaces, and fraud mitigation tools to prepare their underlying systems for instant payments. Panelists will share takeaways on the faster payments experience in the UK, Africa, India as well as for cross-border transactions.

FPC

PYMNTS

AUGUST 11, 2020

Everyone should have Fed accounts, and families and individuals, taking advantage of real-time payments, would not have to wait days for checks to settle. Faster Payments On The Agenda. Faster payments, of course, have been much in the news.

FedNow

Fintech Finance

FEBRUARY 17, 2025

With Orums Monitor payments portal, businesses will be able to: Optimize and orchestrate money movement: Smart routing makes it easy for payment operations teams to transfer money at their preferred speed and cost, instead of being forced to select specific rails (i.e. RTP, FedNow, Same Day ACH, ACH, wire, etc.)

Account Validation