PYMNTS

JANUARY 2, 2019

On the face of it, the lure of real-time payments might seem like an inevitability. 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.

Real Time Payments

Fintech Finance

AUGUST 27, 2024

Mexipay will utilize ACI’s Digital Central Infrastructure solution, part of the award-winning ACI Enterprise Payments Platform, to address the need for enhanced real-time payment services. According to ACI’s latest Prime Time for Real-Time report, 3.8 between 2023 and 2028. “We

Instant Payments

PYMNTS

SEPTEMBER 29, 2020

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.

Instant Payments

PYMNTS

NOVEMBER 10, 2020

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. It’s the culture that is changing.”.

B2B

PYMNTS

JANUARY 20, 2017

EBA Clearing, set to launch its real-time payment service across Europe later this year, has officially commenced the testing phase of its technology. EBA Clearing’s technology will enable real-time payments across the EU 24/7. The firm said Thursday (Jan. The firm said Thursday (Jan.

Real Time Payments

PYMNTS

OCTOBER 10, 2016

In the previous episode of NACHA’s Countdown to Same Day ACH podcast series, NACHA President and CEO Jan Estep identified the overlaps, complements and implications of all the initiatives under the faster payments umbrella — namely, real-time payments, Same Day ACH and blockchain. The Road To Process Improvement.

Same Day ACH

PYMNTS

APRIL 19, 2017

Intesa Sanpaolo announced Tuesday (April 18) that it has successfully completed its first testing activities with EBA Clearing, using technology by Dovetail for pan-European real-time payments. Reports in January first surfaced that EBA Clearing was testing its own real-time payments solution compliant with EU payment standards.

Real Time Payments

PYMNTS

NOVEMBER 19, 2020

As Canada gears up to launch its real-time payments system, the Real-Time Rail (RTR), Payments Canada , the entity at the head of the initiative, has announced that Mastercard -owned Vocalink has been chosen as the clearing and settlement solution provider for the new payment rail.

B2B

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. But there is more work to be done. Today's Most Valuable Use Cases.

RTP

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

PYMNTS

DECEMBER 12, 2019

continues to take significant steps toward a faster payments ecosystem , the market undoubtedly lags behind others across the world in the path toward real-time payments ubiquity. real-time payments journey in a recent interview with PYMNTS. Though the U.S. unlike markets like the U.K.

RTP

PYMNTS

JANUARY 7, 2021

Rather than viewing payments and data as two "parallel tracks," initiatives like the ISO 20022 messaging standard have helped to fuel their coupling. This spirit of cooperation fueled by data is also promoting the creation and expansion of ecosystems of service providers fueling cross-border B2B payments.

Cross-Border

PYMNTS

AUGUST 28, 2018

New payments platforms. It’s been six months since New Payments Platform (NPP) Australia went live, where a few intrepid, traditional financial institutions (FIs) and financial services providers embraced a brave new world of — among other things — instant payments.

Real Time Payments

PYMNTS

JANUARY 17, 2017

s Faster Payments scheme is a critical component of the nation’s push towards real-time payments. The scheme offers real-time credits for payments made online, via mobile device and over the phone, when payments are valued at about $300,000 or less — making it a main player in P2P and SME payments.

Faster Payments

PYMNTS

OCTOBER 12, 2020

The comments and insight across the past year-plus has led the Fed to ready a FedNow pilot program — an effort that will seek additional guidance from financial institutions (FIs), including payment processors, to help the service evolve moving forward. Interoperability is a core component” of FedNow, said Montgomery.

Instant Payments

PYMNTS

AUGUST 7, 2020

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. As for a time frame for launching the new system, Fed officials said in a webcast detailing the particulars that FedNow would debut in 2023 or 2024 and would take a phased approach to implementation.

Fed

PYMNTS

MAY 29, 2019

While these political developments insert new uncertainties and frictions into international trade, financial institutions (FIs) and service providers are working to ease some challenges in the space by promoting services for rapid cross-border transactions. Deep Dive: Real-Time Payments’ Impact on Liquidity Management.

ISO 20022

PYMNTS

MARCH 17, 2020

Caldeira noted that in just the past few years, dozens of real-time domestic payments systems have taken root across the world (roughly 54 at the end of last year), which points to the need for standardization of how such domestic systems are linked toward building efficient cross-border payment capability.

Cross-Border

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. OpenPayd Debuts Real-Time FX.

Use Case

PYMNTS

SEPTEMBER 23, 2019

As businesses continue this shift, it is no longer safe to assume that corporates are not interested in faster payments. Indeed, 55 percent of corporate professionals say real-time payments is their top B2B payments service priority, PYMNTS and American Express note in their latest Securing B2B Payments Report.

B2B

PYMNTS

AUGUST 30, 2018

According to Reuters , the Reserve Bank of Australia tweeted that maintenance of its “fire control systems caused an interruption of power to the bank’s main data center” and that it was “re-establishing full services.”

ISO 20022

Segpay

JUNE 13, 2024

The Service Provider Showcase on FedNow Explorer includes a growing list of more than 100 payment processors, correspondents, banking operations, and application providers to help financial institutions connect and amplify their network. The success of the EU’s real-time payment systems provided a blueprint.

FedNow

PYMNTS

MAY 6, 2019

In terms of functionality and bill management activities, Mastercard Bill Pay Exchange allows consumers to see when bills are due, view details about the services provided and the payments required, and make payments with choices in the mobile apps that include, but are not limited to, card or ACH rails.

Visa

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

PYMNTS

SEPTEMBER 7, 2017

To move forward, the Fed said it will support a working group and other collaborative efforts to continue developing a faster payments ecosystem for the nation, and work with industry stakeholders to address gaps and requirements for real-time payments settlement.

Fed

Seon

JULY 27, 2023

The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network. This payment message either goes directly to the FedNow Service or via a service provider. Let’s take a look at the pros and cons of this real-time payment system.

FedNow

PYMNTS

MARCH 19, 2019

In the latest PYMNTS Beyond the Buzzword podcast, Justin Ferrabee, chief operating officer of Payments Canada , a financial market infrastructure, told Karen Webster that cash now has — and will continue to have — its place among the ways we pay. That’s especially true for corporate and B2C transactions, he said.

ISO 20022

PYMNTS

NOVEMBER 3, 2020

But longer-term roadmaps show that there is room for several payment rails to compete, coexist and even complement one another, as noted in a discussion between Alan Koenigsberg, global head of new payment flows at Visa New Business Solutions, and five executives from payments and messaging networks, services providers and the crypto realm.

Checks

Fintech News

JANUARY 22, 2025

APAC has solidified its position as the leader in global real-time payments, processing nearly 70% of the worlds 266 billion transactions in 2023. What makes APAC unique is its blend of diverse regulatory frameworks and a multitude of exotic currencies, creating a dynamic payments environment. the previous year.

Real Time Payments