The Fintech Times

OCTOBER 24, 2024

As much as two in three European banks may not be prepared to meet the EU’s instant payment deadline, a new survey by the transaction data management firm, Intix , has revealed. The post 25% of European Banks Aren’t Ready to Comply With EU Instant Payment Deadlines, Intix Reveals appeared first on The Fintech Times.

Instant Payments

Neopay

NOVEMBER 26, 2024

The clock is ticking for European banks as the EU’s mandatory instant payment regulations approach, but a recent survey by transaction data management specialist Intix reveals a worrying lack of readiness. By October 2025, institutions must also handle outgoing instant payments. Compliance hurdles are significant.

Instant Payments

Fintech News

AUGUST 13, 2024

In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.

Cross-Border Payments

PYMNTS

JANUARY 3, 2020

Rarely do consumers and businesses agree on anything as much as they have on instant. Now, legacy FIs and a host of other players are scrambling to get a piece of the instant money action. Inspecting the “up-and-to-the-right” growth curve of instant payments , it’s no shock how many players want in. Making Money Fast.

Instant Payments

PYMNTS

MARCH 9, 2020

Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem. Payers have to know that payees will accept certain payment methods before making purchases, and payees do not want to invest until they know payment instruments are in demand.

RTP

The Fintech Times

DECEMBER 31, 2023

In 2024, payment experts foresee increased demand for instant payments, greater use of alternative payment methods, simplified mobile-friendly payments, user-focused and secure payment practices, automation of payment processes, and heightened reliance on data analysis and AI.

Global Payments

PYMNTS

SEPTEMBER 26, 2019

This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems. Common forms of pull payments include debit cards and paper checks. Pull payments do carry risks for both merchants and payers, however.

Payer

PYMNTS

DECEMBER 27, 2019

The word is out about instant payments — a fact made largely indisputable by the numbers. Instant disbursements are also picking up steam where it really counts — usage. When we asked in 2017 how many consumers have received an instant payment, the answer was a mere 11 percent. Choice: The Golden Rule of Instant .

Instant Payments

PYMNTS

OCTOBER 8, 2019

For senders, delivering that experience means more than just moving money faster into bank accounts or digital wallets — it is also about offering the payment choices that create ubiquity for the consumers on the other end of the transactions. From the Appearance of Instant to the Reality of Instant.

Instant Payments

PYMNTS

NOVEMBER 18, 2020

The Clearing House 's RTP network is now several years old, and while the real-time payments capability is gaining traction, adoption in the B2B landscape remains muted. Indeed, it can be difficult for businesses to change their payment habits. Today's Most Valuable Use Cases. But certain trends are emerging.

RTP

PYMNTS

OCTOBER 7, 2019

Bitcoin, Libra, instant payments, Open Banking — these were the big subjects on repeat last week, Dobbie told Webster. The hope, he noted, is to improve billing specifically by putting more control into the payee’s hands, while injecting more certainty into the payor’s business. Instant payment fraud is absolutely a real thing.

Instant Payments

PYMNTS

JULY 27, 2020

For example, many workers who receive their payroll biweekly via a direct deposit on payday or pensioners who receive their payouts on the exact same day count themselves as receiving an instant payment because their money is in the account instantly on the exact day it is supposed to show up. Flipping The On-Demand Switch.

On-Demand

PYMNTS

JANUARY 31, 2017

The company revealed it had completed phase one of its initiative last week, facilitating multiple test payments between the U.S. PayCommerce added that it plans to commercialize the real-time global payment offering by the end of the year’s second quarter. and the Gulf region this year. and the Gulf region this year.

Cross-Border

PYMNTS

AUGUST 31, 2020

A growing group of financial institutions (FIs) are placing themselves at the forefront of the modernization push by engineering disbursements frameworks easily accessed via digital platforms, and which promise to improve the experience for payees and payors alike. “In Overcoming Flawed Perceptions. That’s changing.

Payee

PYMNTS

NOVEMBER 28, 2016

A study conducted by Lipis Advisors found that a quarter of the cost associated with implementing faster and real-time payments capabilities for banks is linked directly to testing the technology. Naturally, one of the first use cases to come to mind for real-time payments is P2P payments.

Faster Payments

PYMNTS

OCTOBER 15, 2020

If merchants need instant payments — and PYMNTS/Ingo Money’s recent Disbursement Satisfaction Index indicates they strongly do — why does progress seem to be going so slowly? Why PayPal And Square Already Offer Instant Payments. Edwards said the path to instant disbursements is being pushed forward by players like PayPal.

Small Business

Fintech News

NOVEMBER 5, 2024

Native methods for the mobile experience, like e-wallets and the instant payment Pix, are being added since more than 40% of Latin American players don’t own a credit card, per Newzoo in EBANX annual study, Beyond Borders. But it’s imperative that the offering also goes beyond cards, creating a diverse option for players.

APACS

PYMNTS

JUNE 30, 2020

Adopting Instant Payments (and Killing the Batch). Being able to push a payment to wherever the recipient wants the money to go is critical — but, increasingly, so is the ability to push that payment out instantly.

Push-to-Card

PYMNTS

JULY 6, 2020

It Takes a Village to Build an Instant-Payments Ecosystem. The COVID-19 pandemic and the move to digital commerce it has spawned is giving fresh impetus to the idea that payments must move from payer to payee in real time. Here’s why.

Payee

Seon

JULY 27, 2023

FedNow, the instant payment service that launched in the US on July 20, 2023, could bring significant new developments to your organization. Launched on July 20, 2023, the FedNow Service is an instant payment system created by the Federal Reserve for American households and businesses. What Is FedNow?

FedNow

PYMNTS

JANUARY 23, 2020

State agencies handle disbursements for property refunds, public programs, taxes and more, and many are still clinging to paper checks as part of their processes, even as they adopt ACH or direct debit payments. The payment disbursement method varies from payee to payee,” Lyons said. What deters faster disbursements .

Checks