Fintech Finance

FEBRUARY 4, 2025

Financial institutions have increasingly adopted the RTP network to offer their customers a more transparent payment experience that delivers instant funds availability while providing payment confirmations to both the payer and the receiver.

RTP 59

RTP Volume Transactions Real Time Payments 59

Stax

MARCH 27, 2025

They check for fraud and fund availability (Verification) before depositing the money into your account (Completion). ACH Credit or direct deposit refers to when the payer pushes funds into the recipients bank account or credit union account. With other EFT methods, only the payer can send payment manually.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

PYMNTS

SEPTEMBER 26, 2019

Push, or credit, transactions see payers instructing their banks to send money from their accounts to recipients’ accounts, whereas pull, or debit, transactions have recipients’ banks extract money from payers’ accounts. Payers provide PINs or signatures, which grant recipients permission to extract funds.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

JULY 18, 2020

. “While we have extended payment terms on certain orders, in the immediate term we are providing low cost financing to our vendor partners, and are working with our banking partners to increase the amount of funds available within the program as we move forward,” the firm said in a statement. Supermarkets Put On Watch.

Addressing 85

Addressing B2B Payer Payments 85

PYMNTS

SEPTEMBER 27, 2018

In March, the Hong Kong Monetary Authority (HKMA) announced plans to introduce a faster payments system that will link into 20 banks and eight electronic payment operators, with payers able to use mobile phone numbers or email addresses to make payments in the Hong Kong dollar or renminbi.

Faster Payments 65

Faster Payments Funds Transfer Payments Payer 65

PYMNTS

NOVEMBER 14, 2019

Platforms and payment service providers are seeking digital, integrated payment experiences that are so seamless, neither the payee nor payer take much notice that a transaction has even occurred. Increasingly, the gold standard for payments is invisibility. Such is a standard that is making its way to the payroll space.

Payroll 50

Payroll Faster Payments Cross-Border Payments 50

Seon

JULY 27, 2023

FedNow works by offering banks, credit unions, and other organizations such as retailers a system where they can utilize instant payment services that go through this core process: The payer (e.g. The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network.

FedNow 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40