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Digital Transformation Accelerates Emerging Payment Platforms

PYMNTS

“Credit cards are an interesting point because there are a lot of interchanges involved, while real-time payments are bank account to bank account,” he noted. “We Volante recently announced a collaboration deal with Goldman Sachs to provide a payments platform for the bank’s digital transaction service.

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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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Payment Rails Search For Harmony In B2B Payments

PYMNTS

According to reports , Accenture and TradeIX will not only support corporates’ use of blockchain to access trade finance, but explore additional use cases for the distributed ledger solution to strengthen data sharing between buyer and supplier. Credit Unions Embrace RTP. MUFG’s Unconfirmed Digital Currency.

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Payment Trends In The United States For 2024

Clearly Payments

Despite these challenges, emerging use cases, increased regulatory clarity, and growing consumer interest suggest that open banking’s future in the USA holds promise for a more competitive financial landscape. Integration difficulties, legacy systems, and competition dynamics further contribute to the measured pace.

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FPC 2023 Fall Member Meeting

Faster Payments Council

(Foundry Ballroom) Payment networks need volume to scale and keep costs low. 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.

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How Open Banking Drives Real-Time Payments Traction

PYMNTS

Competitive forces in the payments and financial services sector have driven two key trends in the U.S.: the acceleration of payments, and the adoption of open banking frameworks. Kovacs pointed to The Clearing House ’s real-time payments service, RTP, as an example of this.

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How Amex determines what makes or breaks a payment method and how it chooses the right payment tech 

Tearsheet

And when the right payment technology finds the right use case, the effects can multiply and impact societies. Understanding barriers to adoption Investigating what makes or breaks a payment technology can help us understand what future tech like CBDCs and still nascent tech like RTP needs to do to gain widespread traction.