This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET InstantPayment Settlement (TIPS) service. Norges Bank’s Governor, Ida Wolden Bache, said: “A well-functioning instantpayments solution is an important part of an efficient payment system.
The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever InstantPayment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2.
New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instantpayments significantly more attractive for U.S. The results suggest larger transaction limits are helping to boost instantpayment demand. Over one in ten (12%) expect that surge to top 50%.
Today, The Clearing House and BNY (NYSE: BK), announced the successful completion of the largest instantpayment in U.S. history and the first-ever payment on the RTP network exceeding $1 million, following the recent increase in the networks transaction limit. The post BNY Sends Largest InstantPayment in U.S.
It also explores how emerging technologies such as SoftPOS can help mitigate these obstacles, enabling broader acceptance of QR code-based faster payments across industries. By identifying and addressing usability challenges, we can help drive broader acceptance and unlock the full potential of instantpayments at the point-of-sale.
BNY is working to expand cross-border, instantpayments to new markets through the remainder of 2025 and into 2026. “We’ve been really focused on international real-time payments,” Carl Slabicki, executive platform owner of treasury services at BNY, told Bank Automation News.
FIS (NYSE: FIS), a global leader in financial technology, has announced it is one of the first providers in the fintech industry certified to enable send capabilities for credit transfers in the Federal Reserves FedNow instantpayment service.
The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever InstantPayment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2.
Mashreq , one of the leading financial institutions in the MENA region, has announced the launch of Aani InstantPayments, a new solution enabling SME businesses to collect payments from their customers instantly, securely, and seamlessly with no IBAN required.
“It's going to be up to us to move instantpayments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.
That set the precedent for Wise to be granted direct access to payment systems in the EU in 2020, as well as Singapore and Australia in 2021. Last month, Wise also received approval to join Japan’s domestic payment network, Zengin, and secured a Payment Institution licence to connect directly to Brazil’s instantpayment system PIX.
Joining the FinextraTV Studio during EBAday 2025 were Serge Wagener, Member of the EBA Board and Chair of the EBA Practitioners Group on InstantPayments and Annick Moes, Head of Industry Issues, Cooperation Initiatives and Communications, EBA.
While attending EBAday 2025 in Paris, Sheri Brandon, Global Head of New Business, Worldline, joined the FinextraTV studio to talk about how instantpayments have evolved over the last year.
Instantpayments and fraud prevention have quickly become the areas fintechs need to focus on most, according to the third portion of the ‘2024 Payment State of the Union’ study by Discover Global Network , the global payment network.
Later this year, payments giant Mastercard plans to open up access to its A2A instantpayments technology via a sandbox, promising an environment where UK banks and financial institutions can safely experiment and collaborate across new ways to pay.
Financial institutions expect business clients to be a driver of instantpayment revenue, but adopting the technology comes with hurdles, the results of a recent survey showed.
Home News Payments Mastercard to open A2A instantpayments sandbox in the UK Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
IFX Payments , a service-led alternative banking partner, today announces it will be using Form3 ‘s Verification of Payee (VoP) solution for SEPA account, strengthening its defences against payment fraud and aligning with the InstantPayments Regulation mandate.
Banks or payment gateways used for purchasing online, Source: E-Commerce in Cambodia 2024, Profitence, Feb 2025 Featured image: Edited by Fintech News Singapore, based on images by www.slon.pics and myasiavision via Freepik The post QR Code and InstantPayments Drive Cambodias E-Commerce Surge appeared first on Fintech Singapore.
Visa is deploying AI to fight fraud on instantpayment networks as businesses and consumers ramp up the use of the payment channels. The payments giant developed the solution in-house, James Mirfin, senior vice president and global head of risk and identity solutions, told Bank Automation News.
The Somalian financial ecosystem has taken its next step in the digital world as the Central Bank of Somalia’s (CBS) payments initiative, the Somalia Payment Switch (SPS), has successfully launched the country’s first instantpayment system.
Paul Sparkes, Chief Product Officer at iplicit adds: “As a customer-centric organisation, we wanted to respond to demand for reliable and efficient payment methods. Through this partnership, we can offer our customers exactly what they’ve asked for: a simple way to collect instantpayments, straight from their invoice.
Joining the FinextraTV studio at EBAday 2025 in Paris, Daniel Stanton, Global Head of Transactional FX, Cross-Border RTP & Clearing at Bank of America, explained why we can be optimistic about the global banking and payments landscape.
As part of Finastra’s commitment to Open Finance, Payments To Go offers seamless connectivity to other software providers, fintechs, and financial institutions, giving banks the flexibility needed to deploy modern and agile payment solutions quickly and efficiently.
Thought Machine , the cloud-native banking technology company, today announces that Bpifrance , France’s public investment bank, has successfully gone live on Vault Payments, Thought Machine’s next-generation payment processing platform, for SEPA Instant Credit Transfer with TIPS.
AfricaNenda Foundation has released its 2024 Annual Report, marking a significant year of transformation and impact in its mission to accelerate access to inclusive instantpayment systems (IIPS) across Africa.
Alongside those instantpayment security features, the Federal Reserve increased the maximum payment that can be sent over the real-time system to $1 million.
Bancomat, Bizum and MB WAY are the leading mobile payment solutions in their countries, with more than 2 billion payments in 2024 and a share of more than 65% of total instantpayments in the four countries. This initiative aims to strengthen the innovative and trusted European payment infrastructure.
Bancomat, Bizum and MB WAY are the leading mobile payment solutions in their countries, with more than 2 billion payments in 2024 and a share of more than 65% of total instantpayments in the four countries. This initiative aims to strengthen the innovative and trusted European payment infrastructure.
Instantpayments are becoming significantly more attractive for US banks finds RedCompass Labs , the payments experts, as it finds that 84 per cent of US banks say the new $10million Real-Time Payment (RTP) network limit and $500,000 FedNow cap are a good thing. The report also reveals significant concerns around fraud.
GAV is designed to combat Authorised Push Payment (APP) fraud, where fraudsters impersonate banks or trusted entities to deceive victims into transferring money. The EUs InstantPayments regulations, taking effect in January 2025, will require all payment service providers in the bloc to offer 24/7 instantpayments.
Furthermore, the CPMI encourages the development of global ISO 20022 market practice guidelines for fast payments, also referred to as instantpayments. The CPMI views these guidelines as essential to making cross-border payments safer and more efficient.
It has pick-up locations in over 45 countries, with a strong presence in Australia, where it has now integrated Volt via payment infrastructure provider Optty. The initiative is a key move after the Australia Post-managed POLi, a popular instantpayments system utilised by travel merchants in Australia, closed in 2023.
PPRO has integrated Pix Automático, an enhancement to Brazil’s instantpayment system Pix, into its platform on the first day of the Central Bank of Brazil ’s official rollout.
In addition to his background in open banking, Davie brings with him extensive knowledge of the German market, having been instrumental in the development of Soforts A2A payments product, including its mobile interface, before the company was acquired by Klarna in 2014.
In 2022, the value of bank payments in the Eurozone stood at €191 trillion, that is 58x more than card payments (€3.3 This vast global market is transforming rapidly, driven by the rise of instantpayments as a catalyst for modernising core banking and payment platforms.
The Federal Reserve’s nascent instantpayments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.
Second, the CPMI encourages industry to develop global ISO 20022 market practice guidelines for fast payments (also referred to as instantpayments) based on the harmonised data requirements.
The post Ita Unibanco Reinforces Its Foreign Exchange Solutions With Wise Platform, Enabling InstantPayment in Foreign Currency Directly Through the App appeared first on FF News | Fintech Finance.
This directory service will enable the efficient operating of EPC schemes, including Verification of Payee, and make it easier for PSPs to comply with the InstantPayments Regulation ahead of the deadline later this year. The post EPC Selects Swift for the EPC Directory Service appeared first on FF News | Fintech Finance.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content