article thumbnail

Mastercard, Visa play down stablecoin threat

Payments Dive

Scaling stablecoins will fundamentally be about utility to consumers and businesses, and interoperability between the existing financial system” and stablecoins, Lambert said. Please select at least one newsletter. By Lynne Marek • Aug.

article thumbnail

Solving for the Interoperability Challenge

Faster Payments Council

While we're well on our way to establishing a thriving faster payments ecosystem, we recognize we're still missing a key factor that can contribute to achieving ubiquitous faster payments: interoperability. 53% of respondents expressed the lack of interoperability as a key barrier to faster payments adoption.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

InAuth And Early Warning Ink Strategic Alliance

PYMNTS

In a press release , the companies said Early Warning just announced Zelle, a new, faster payments network that will revolutionize how U.S. Zelle is an inclusive network that is open to all banks and credit unions in the U.S. consumers and businesses send and receive money, on Oct. 24 at Money20/20 in Las Vegas.

article thumbnail

Visa+ expands its availability for PayPal and Venmo users across the US

Tearsheet

A recap of how the service works: To enable cross-platform interoperability, participating wallets introduce a new user flow that allows eligible consumers to set up or enable a unique Visa+ payname account. The newly created Visa+ payname is associated with a receive-only Visa token stored by Visa and linked to the user’s wallet account.

article thumbnail

US Banks Are ‘Conflicted With Worries’ as Demand for Instant Payments Grows; Reveals RedCompass Labs

The Fintech Times

The existence of Zelle , Venmo , Cash App , PayPal and other wallet services has dampened US Banks’ appetite for implementing instant payments, with 50 per cent feeling a lot or significant impact. “Many banks see Zelle as doing a good enough job, but Zelle only solves part of the instant payment puzzle.

article thumbnail

DEEP DIVE: Faster And Instant Payments For Consumer Disbursements

PYMNTS

Ingo Money , for example, has worked with partners like Early Warning — which owns digital peer-to-peer (P2P) payment network Zelle — to create a new, faster way of sending money from one account to another. billion consumer accounts, including credit or debit cards, online wallets and cash-out distribution points.

article thumbnail

The Clearing House On The Race for Real-Time Payments In The US

PYMNTS

Waiting for the Fed — and its promise of interoperability, which requires participation from the private sector — is akin to playing the (very) long game. This pilot program uses routed requests for payment using a Zelle social alias or traditional account information to make bill payments sent, settled, posted and confirmed in real time.