PYMNTS

OCTOBER 12, 2020

These comment letters highlighted the need for features to address accessibility, interoperability, security, liquidity, and fraud prevention,” Montgomery said. Looking Toward Interoperability And Scale . Looking Toward Interoperability And Scale . Interoperability is a core component” of FedNow, said Montgomery.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

Faster Payments Council

AUGUST 23, 2024

Financial Institutions are enabling use cases and improving send reach that allows customers to manage their cash on hand and easily disburse payments up to the due date while maintaining a positive account status and avoiding late fees. It's time to confront the harsh reality—innovation alone doesn't drive broad adoption.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

PYMNTS

JANUARY 2, 2019

a number of leading tech companies have become vocal in their support of a real-time payments (RTP) network, to be created under the leadership of the Federal Reserve and different from what has been previously proposed by the big banks. He said “businesses are crying out for [RTP]” as part of their everyday interactions with one another.

Real Time Payments 79

Real Time Payments RTP ISO 20022 Cross-Border 79

PYMNTS

FEBRUARY 8, 2018

It wasn’t until November 2017 that The Clearing House (TCH) debuted its Real-Time Payments (RTP) scheme — a system that isn’t expected to see across-the-board adoption until 2020. To achieve its true potential, though, RTP must be adopted by all U.S. Getting RTP to permeate the U.S. Getting RTP to permeate the U.S.

RTP 43

RTP Real Time Payments TCH Faster Payments 43

Fintech Finance

JULY 24, 2024

With experience and focus on innovative payment services across Real-Time Payments (RTP® and FedNow®), ACH, card solutions and alternative payment rails, Carl is well-positioned to support the FPC’s continued growth and innovation in faster payments.

Faster Payments 97

Faster Payments FPC FedNow RTP 97

Faster Payments Council

MARCH 15, 2023

With the system joining the existing RTP system, both promising to modernize the way money moves and allow for greater use of instant payments, it seems the shift to real-time payments is 'inevitable'. Whether we will see these services gain traction is tied to what many believe to be a major hurdle–interoperability.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

PYMNTS

NOVEMBER 27, 2019

A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin. The solutions that faster payments technology have brought to corporates’ global operations cannot be downplayed, but major hurdles continue to challenge real-time payments’ ability to achieve ubiquity.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

AUGUST 7, 2019

The Nets deal, he recounted, follows logically from recent acquisitions, like Vocalink, where infrastructure was the focus but now looks toward applications and new use cases as revenue drivers. The Use Cases. The second use case on offer revolves around bill presentment and payment.

Visa 77

Visa Acquirers Real Time Payments ISO 20022 77

The Fintech Times

MAY 7, 2024

However, the same cannot be said in the US. In fact, less than a third of US banks are signed up to either RTP or FedNow , meaning the vast majority cannot offer instant payments as a service; new research from RedCompass Labs , the payments modernisation company, has revealed.

Instant Payments 59

Instant Payments FedNow Zelle RTP 59

PYMNTS

FEBRUARY 1, 2021

It has clarified the banking processes, but RTP is hardly ubiquitous within Italy, much less across the Eurozone. That increase has been driven by P2P payments, where parents are sending money to their children, and, perhaps not surprisingly, tech-savvy younger demographics are sending money to one another using banking apps.

Real Time Payments 100

Real Time Payments Instant Payments Online and Mobile Banking Push-to-Card 100

PYMNTS

DECEMBER 18, 2019

According to reports , Accenture and TradeIX will not only support corporates’ use of blockchain to access trade finance, but explore additional use cases for the distributed ledger solution to strengthen data sharing between buyer and supplier. Credit Unions Embrace RTP. MUFG’s Unconfirmed Digital Currency.

B2B 52

B2B Credit Union Electronic Funds Transfer (EFT) RTP 52

PYMNTS

APRIL 25, 2019

While the Federal Reserve deliberates on whether it will create its own real-time payment (RTP) system, The Clearing House (TCH) is working to head off the competition by making a stronger case for its RTP being the best path to real-time payment ubiquity in the U.S. Read more in the Tracker.

Real Time Payments 49

Real Time Payments TCH Faster Payments RTP 49

Faster Payments Council

SEPTEMBER 12, 2022

How can we look to this rapidly growing business for new use cases for instant payments? The panel will discuss issues such as security, governance, and interoperability as well as concerns that the U.S. RTP) looks like right now, best practices in implementation, and lessons from the market.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

Faster Payments Council

SEPTEMBER 23, 2023

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. Thise session envisions the art of the possible for commerce use cases in the U.S. The US does not lack directory capability – we have an overabundance of it!

FPC 88

FPC Federal Reserve RFP Faster Payments 88

PYMNTS

NOVEMBER 5, 2019

Jack Henry Associates announced last week that it has on-boarded an additional 15 financial institutions to The Clearing House’s RTP network in the latest sign of faster payments gaining traction in the U.S. Faster Payments Interoperability is a Must. A new report from the U.S. On Monday (Nov. 4), the U.S.

Faster Payments 40

Faster Payments Interoperability FedNow ACH 40

PYMNTS

NOVEMBER 18, 2020

In the United States alone, for example, The Clearing House’s RTP network serves 70 percent of all DDAs. Not all that long ago, the first use cases of faster payments were promoted and embraced by payments-focused firms such as payroll providers or third-party payment processors. Awareness of those differences is key.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

Tearsheet

NOVEMBER 19, 2024

And when the right payment technology finds the right use case, the effects can multiply and impact societies. Understanding barriers to adoption Investigating what makes or breaks a payment technology can help us understand what future tech like CBDCs and still nascent tech like RTP needs to do to gain widespread traction.

Payments 52

Payments Debit Card Online and Mobile Banking Push-to-Card 52

Fintech Finance

JANUARY 21, 2025

financial institutions (FIs) as they look to accelerate the adoption of instant payment rails like RTP and FedNow. Consumers Drive Adoption: Person-to-business (P2B) payments emerged as the fastest-growing use case, with P2B transaction volume growing 94% in 2024 compared to 2023. million transactions.

Transactions 96

Transactions Instant Payments Debit Card FedNow 96