PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). Here’s where the canary flew in. are moving faster than they ever have.

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Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

SEPTEMBER 21, 2016

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Take merchant acquirers who wish to expedite the posting of funds on the same day to a merchant’s bank account.

Faster Payments 76

Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

JANUARY 3, 2020

And as promising as things are in the early stages, there’s work to be done before instant becomes ubiquitous. Take a core business function – payments, for example – and then make it lightning-fast, less expensive and secure. As instant becomes ubiquitous, FIs will have to say goodbye to some sacred cows of banking.

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Instant Payments Payments Ubiquitous Push-to-Card 60

PYMNTS

OCTOBER 8, 2018

The network is valuable because it connects all the end points to which those payments must be made and complies with the regulations that assure the secure movement of those funds. Instead, it’s a lack of certainty that good funds are on the way — and when they’re expected to arrive. Could that process be more efficient?

B2B 76

B2B Same Day ACH Payments ACH 76

PYMNTS

MARCH 28, 2017

In its latest white paper, INTERAC outlines the principles as follows: Principle #1: Good funds is the better model. Principle #3: Data abstraction means privacy and security for all. Two that go hand in hand are ubiquity and good funds. On the other side of the same coin is the availability of good funds.

Faster Payments 52

Faster Payments Payments Payment APIs and Integration Near Real-Time 52

PYMNTS

SEPTEMBER 17, 2018

PayPal and Amazon enable users to attach Visa- and Mastercard -branded payment methods to their accounts and to use them as the funding source when transacting on sites where their buttons are accepted, eliminating the need to enter card credentials on sites they may not know. Ubiquity can also be redefined by certainty.

Rules 78

Rules Zelle Payments PayPal 78

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. as of January 2019. Faster Payments Is Happening, Fast.

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Faster Payments Fed RTP Same Day ACH 80