article thumbnail

Token.io Receives Strategic Investment from HSBC

Finovate

The investment underscores the two companies’ history of collaboration, which includes Token.io’s support for HSBC’s Open Payments solution. Token.io , an account-to-account (A2A) payment infrastructure innovator, secured a strategic investment from HSBC this week. The amount was not disclosed.

article thumbnail

HSBC Debuts Open Payments Platform For eCommerce As Alternative To Debit, Credit

PYMNTS

HSBC has launched its new HSBC Open Payments solution, which will enable companies to install alternatives to debit or credit for customers to pay for things, according to an emailed press release. The faster payment receipt is meant to help clients get better working capital, the press release said.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Mastercard: Collaboration Is Key To Scaling Real-Time Payments

PYMNTS

Again, collaboration is essential to easing this point of friction, Shultz said, highlighting Mastercard’s work with Vocalink – which it acquired in 2016 – to collaborate on more robust fraud solutions. “As an industry, we owe corporates meaningful apps to bring real-time payments to life.” ”

article thumbnail

Deep Dive: Billing And The Use Of Real-Time Payments

PYMNTS

Payment solution providers are now also getting in on the real-time game and supporting a growing list of RTP use cases that use the network for rapid transaction speeds. . RTP in the Bill Payments Realm. Real-Time Utilities Payments . This also aids the treasury teams tasked with tracking payments.

article thumbnail

Eastnets Partners With iPiD to Reinforce Protection Against Financial Fraud

Fintech Finance

Eastnets, a global leader in compliance and payment solutions, has announced a strategic partnership with iPiD , a leading provider of beneficiary name and bank account verification services. Instant payments – which are irrevocable – demand enhanced verification processes to protect against fraud.

Payee 52
article thumbnail

Sleepless In Payments

PYMNTS

Now it’s still early days, but there’s not a whole lot of evidence that consumers and businesses have gravitated, en masse, to many real time payments solutions. In other words, it’s a teeny and tiny part of the payments mix in the countries where it was required to happen. Instantly, and irrevocably. Here in the U.S.,