Fintech Finance

JULY 30, 2024

AppBrilliance , a pioneer in real-time payment solutions with its cutting-edge Money API platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US.

RTP 98

RTP FedNow RFP Payment APIs and Integration 98

PYMNTS

SEPTEMBER 21, 2016

Two new same-day settlement windows will be added to the ACH Network, which will increase the actual movement of funds between all those financial institutions from once a day (at the beginning of the day) to three times a day. 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

SEPTEMBER 23, 2019

Western Union CEO Hikmet Ersek told Karen Webster that real time means that receivers will have funds available to spend within minutes, enabling new real-time, cross-border, cross-currency payments capabilities for C2C, B2C and B2B use cases. “We

Accounts 82

Accounts Cross-Border Cross-Border Payments Real Time Payments 82

PYMNTS

JANUARY 21, 2019

on board because it offered a solution for use cases where same-day was essential. It isn’t real-time, but it seems good enough for a lot of use cases. A payment is the embodiment of good funds to an authenticated buyer and supplier, along with the detailed data that travels with it.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

MARCH 18, 2019

Card rails are using push payments to close those gaps and support many new use cases for instant money. Both card networks are pushing money over their debit rails and instantly into the bank accounts of consumers and SMBs using their debit card aliases. See First Data and Fiserv. See Visa and Earthport.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JULY 16, 2018

Businesses wait to be paid by their buyers — not knowing when the money will actually be received, if it is good funds and sometimes how much they’ll get. So do their corporate customers: certainty that there are good funds and certainty about when they can access the money. Businesses spend a lot of time waiting too.

On-Demand 43

On-Demand Settlement Consumer Real Time Payments 43

PYMNTS

OCTOBER 8, 2018

Instead, it’s a lack of certainty that good funds are on the way — and when they’re expected to arrive. When funds settle isn’t much of a friction, since, with that information in hand, decisions about cash and working capital can be made. Limits have also been raised for those payments.

B2B 76

B2B Same Day ACH Payments ACH 76