The Fintech Times

NOVEMBER 7, 2024

Also, two-thirds of the population in 2017 made or received a digital payment in the past year. Governmental initiatives for improvement Last year, the MMA unveiled its new instant payment system, ‘Favara’, which allows users to swiftly transfer up to MVR 50,000 ($3,257).

FinTech 59

FinTech PayPal Financial Inclusion Financial Literacy 59

Payments Dive

JULY 11, 2025

Global payments are “deep and complex,” said Ghanem, who formerly worked for Visa and PayPal Holdings.“It The Federal Reserve already put its new real-time payments system FedNow on the standard when it was launched in 2023. But being in tune with the global payments ecosystem is ultimately important for all U.S.

ISOs 218

ISOs ISO 20022 FedWire Federal Reserve 218

PYMNTS

OCTOBER 15, 2020

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. There’s room for RTP and ACH to co-exist, said Waterhouse, “for a very, very long time.”

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

PYMNTS

NOVEMBER 3, 2020

“Financial institutions (FIs) and other financial services providers are looking to help meet the need for speed by leveraging various faster payment rails that support an array of payment methods,” according to PYMNTS’ latest Real-Time Payments Report done in collaboration with The Clearing House.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

Fintech Finance

OCTOBER 17, 2024

(NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. These regulations are expected to accelerate the adoption of instant payments across Europe, with key compliance deadlines set for 2025.

Instant Payments 98

Instant Payments Regulations SWIFT Payments 98

PYMNTS

MARCH 17, 2020

While some geographies have opted to collaborate with the private sector to develop their own national instant payment networks, others are adopting solutions like RippleNet and SWIFT gpi to modernize their banks’ capabilities. Hungary Welcomes Instant Payments. Curacao Takes Steps Toward Instant Payments.

Instant Payments 98

Instant Payments Payment Networks Cross-Border Payments Cross-Border 98

PYMNTS

AUGUST 23, 2019

When it comes to payments, speed isn’t the only factor to consider in the deployment of real-time payments (RTP) systems. Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. Rapid Growth. Canada, Sweden, Denmark and Singapore.

Real Time Payments 77

Real Time Payments SWIFT Compliance ISO 20022 77

PYMNTS

JUNE 17, 2019

In a new partnership, Bottomline Technologies is teaming up with Starling Bank on a Real Time Payments Express Service. The offering will enable corporates and banks to send and receive as well as monitor payments to any U.K. bank account in real time, Crowdfund Insider reported. In the U.K.,

Real Time Payments 62

Real Time Payments Faster Payments Payments SWIFT 62

PYMNTS

OCTOBER 16, 2020

The pandemic appears to be pushing many toward other methods, however, with studies revealing a rising number of companies reporting interest in real-time or instant payment methods. Interest in the Real-Time Payments (RTP) system from The Clearing House (TCH) is growing in the U.S.,

Instant Payments 76

Instant Payments Treasury Real Time Payments Checks 76

PYMNTS

APRIL 29, 2019

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. A London-based manufacturer can’t rely on the U.K.’s

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 77

PYMNTS

NOVEMBER 1, 2018

Hong Kong Monetary Authority (HKMA) has received a trio of complaints that the faster payments infrastructure has been a conduit to fraud, and the transactions range from $1,280 to $12,750. Separately, Crédit Agricole ’s Italian operations brought instant payments to current account activity through partnership with SIA.

Real Time Payments 57

Real Time Payments Faster Payments eWallet Payments 57

PYMNTS

APRIL 1, 2019

percent: Projected CAGR of the real-time payments market from 2018 to 2023. 67 percent: Share of Australians slated to use real-time payments by 2023. 23 billion: Number of payments the ACH network processed in 2018. percent: The growth in payments volume via the ACH network between 2017 and 2018. $40

Instant Payments 72

Instant Payments ACH Network Real Time Payments Faster Payments 72

Fintech Finance

OCTOBER 23, 2024

Finzly’s Digital Galaxy enhances this offering by providing a comprehensive digital banking experience, enabling businesses and consumers to send, receive, and request instant payments. Adding Finzly’s instant payments solution to the AWS Marketplace is a significant step forward.

FedNow 97

FedNow FedWire Instant Payments RTP 97

PYMNTS

OCTOBER 16, 2020

It was a busy week for commerce and payments, as consumers are harnessing connected devices for digital-first shopping and firms are looking to harness tools to speed up business-to-business (B2B) disbursements and payments. Mastercard: Why It’s Time For Card Issuers To Up Their Digital Game.

Instant Payments 95

Instant Payments Card Issuer Online and Mobile Banking Federal Reserve 95

PYMNTS

DECEMBER 15, 2020

Real-time rails continue to gain traction as solution providers debut new tools wielding existing instant payment infrastructure to enhance their offerings to business customers. Bank Of America Wields SWIFT gpi. Scotiabank Launches Real-Time Payments For Businesses.

Innovation 94

Innovation Cross-Border Payments Cross-Border Real Time Payments 94

PYMNTS

OCTOBER 21, 2018

SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. The linkage was achieved by participant banks like National Australia Bank processing incoming SWIFT gpi payments onward as NPP instant payments.”.

Cross-Border Payments 64

Cross-Border Payments Cross-Border SWIFT Real Time Payments 64

PYMNTS

NOVEMBER 17, 2019

BELLIN announced that it has successfully integrated support for SEPA real-time payments into its software solutions, with the help of Deutsche Bank. After processing the payment, the bank is also able to provide a report documenting the credit to the recipient, which BELLIN displays immediately.

Instant Payments 64

Instant Payments Real Time Payments SWIFT Treasury 64

PYMNTS

AUGUST 20, 2020

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. A new survey from Citizens Bank says businesses are jumping into the real-time payments opportunity. ” AscendantFX Eyes Payment Tracking With gpi. .

RTP 101

RTP Phixius FPC NACHA 101

PYMNTS

JANUARY 4, 2019

The new year dawned with individual country and company initiatives tied to instant payments, and moving beyond cash transactions. 3) that, in Hungary, commercial banks have started a test phase for a domestic instant payments system, with a “go live” date slated for July 1.

Instant Payments 67

Instant Payments Online and Mobile Banking Funds Transfer ACH 67

Payments Source

JUNE 15, 2017

The Society for Worldwide Interbank Financial Telecommunication plans to add instant payments messaging for the European market by late 2018, marking another step in its ongoing faster payments projects.

Instant Payments 60

Instant Payments SWIFT Payment Message Faster Payments 60

Fintech Finance

MARCH 4, 2024

NASDAQ: SOFI), announced today an expansion of its relationship with The Bancorp Bank, NA , that enables real-time payments services. Real-time payments are available any time of day, year-round, ensuring the instant availability of funds even when traditional methods such as ACH and wires are unavailable.

Real Time Payments 52

Real Time Payments RTP Wire Wires 52

The Fintech Times

OCTOBER 19, 2024

Broadridge Financial Solutions , the investor communications and technology-driven solution provider, has launched a new managed service for connectivity, message processing and workflow management for instant payments.

Instant Payments 52

Instant Payments SWIFT Payer Request for Payment 52

PYMNTS

OCTOBER 5, 2017

The hype over real-time payments is strong among consumers, but for corporates, enthusiasm is a bit more muted. According to a survey of 300 treasury professionals at companies around the globe, less than half want to be able to make instant payments. Disinterest in FinTech Overall.

Real Time Payments 40

Real Time Payments Treasury Payments Cross-Border Payments 40

Fintech Finance

JANUARY 24, 2024

This extension enables Commerzbank to offer its customers in Austria, France, Italy, the Netherlands, Spain and the United Kingdom the sending and receiving of real-time transfers in euros. It is also possible to process instant payments in Switzerland in Swiss francs.

Instant Payments 59

Instant Payments Payments SWIFT Process 59

PYMNTS

SEPTEMBER 24, 2020

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. FIS, The Clearing House Link For Real-Time Payments.

Office of the Comptroller of the Currency 75

Office of the Comptroller of the Currency B2B OCC SWIFT 75

The Payments Association

MAY 16, 2025

As instant payments become the norm, true finality is essential to ensure trust, reduce fraud risk, and protect the integrity of global payment systems. Finality is not a UX featureits the backbone of payment integrity. In real-time payments, deemed success is a legacy concept that no longer meets expectations.

ISO 20022 88

ISO 20022 Cross-Border Cross-Border Payments Settlement 88

PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ”

Payment APIs and Integration 83

Payment APIs and Integration Central Bank SWIFT FinTech 83

PYMNTS

AUGUST 8, 2018

Payments messaging service SWIFT has received clearance to provide access to the Eurosystem’s TARGET Instant Payment Settlement (TIPS) payment scheme, the company said Tuesday (Aug. In an announcement on its website, SWIFT said that, beginning Nov. Both schemes facilitate instant domestic payments.

SWIFT 40

SWIFT Instant Payments Real Time Payments Settlement 40

The Fintech Times

JUNE 13, 2024

Real-time revolution: How MENA is leading the rise of instant payments Mostafa Menessy, co-founder and CTO of fintech solution provider Paymob The MENA region is emerging as a global leader in instant payments, driven by rapid technological adoption, strategic government initiatives, and a robust increase in digital payment transactions.

Instant Payments 59

Instant Payments Payment APIs and Integration ISO 20022 Payment Gateways 59

PYMNTS

NOVEMBER 8, 2017

Dozens of countries already have real-time payments programs in operation, with several more under development, as identified by financial services technology provider FIS in its latest Flavors of Fast report. Those who wait may find themselves left behind as the faster payments revolution takes hold.”.

Real Time Payments 40

Real Time Payments B2B Innovation Faster Payments 40

Fintech News

DECEMBER 10, 2023

This solution enhances the customer experience, fosters trust, and integrates easily into various platforms for real-time data verification,” said Edward. Combatting fraud As the world becomes more interconnected and instant payments gain prominence, the threat of fraud also rises.

Addressing 122

Addressing Fraud Prevention Financial Inclusion Payments 122

PYMNTS

SEPTEMBER 9, 2019

In the inaugural edition of the Simplifying Cross-Border Payments Playbook , in collaboration with SWIFT , PYMNTS surveys the global cross-border payments landscape and expounds on the four key factors that businesses need to consider when choosing how to make and receive payments across borders.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Real Time Payments Ubiquitous 69

Finovate

OCTOBER 21, 2024

Mastercard launched Move Commercial Payments , a real-time cross-border payments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. Photo by Lea L on Unsplash

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa FedNow 59

PYMNTS

AUGUST 13, 2019

Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. The much-awaited decision dismayed large banks that regard a government-run system as unnecessary competition with their own real-time rail, The Clearing House’s Real Time Payments (RTP).

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

FEBRUARY 6, 2020

APIs also allow business clients to more easily integrate banking and payments functionalities into their workflows, which can connect them to real-time payment rails for faster, data-rich transactions. Faster payments rails] existed before. Opening up to Faster Transactions.

Faster Payments 64

Faster Payments API Payment APIs and Integration B2B 64

PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. Common forms of pull payments include debit cards and paper checks.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

MARCH 2, 2018

Push payments. Instant payments. Real-time payments. Every endeavor has its vocabulary, and the payments arena is no different. Although industry observers and participants use the above terms interchangeably, there are differences in transaction timing that can make all the difference to recipients.

Instant Payments 48

Instant Payments ACH Real Time Payments Push-to-Card 48