article thumbnail

RTP® and FedNow Transaction Limit Increases Fuel Instant Payments Surge

Fintech Finance

The results suggest larger transaction limits are helping to boost instant payment demand. Nearly half (47%) of US banks now experience overwhelming corporate demand, more than triple the 16% from 2024. “Our latest research shows strong demand for instant payments and growing pressure on banks to deliver.

article thumbnail

Visa, FIS boost value-added card services

Payments Dive

Justin Sullivan via Getty Images Dive Brief: Visa and Fidelity National Information Services (FIS) have expanded their partnership to provide new value-added services to financial institutions in a bid to level the playing field for smaller regional and community banks competing with bigger banks, the payment giants said Thursday in a press release.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Revitalising card issuing in the UK: Why agility and innovation are no longer optional

The Payments Association

In recent years, factors such as increased competition, rapid technological advancements, rising customer expectations and increasingly complex regulatory and compliance demands have collectively reshaped the requirements of card issuers and their platforms.

article thumbnail

RS2 Collaborates With Visa to Deliver End-to-End Global Payment Processing Solution

Fintech Finance

Early implementations are underway in Europe and Latin America, with growing interest from financial institutions seeking modern, agile solutions to meet the evolving demands of the global payments landscape. “This partnership marks a pivotal milestone in RS2’s international growth journey,” said Radi Abd El Haj, CEO of RS2.

article thumbnail

RT2: A strategic transformation for UK payment providers

The Payments Association

RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. It replaces the legacy RTGS system, offering enhanced capabilities to meet today’s financial ecosystem demands. Why is it important? Democratised access will foster fintech-bank collaboration, driving innovation.

article thumbnail

New RS2–Visa Partnership Aims to Streamline Global Payments

The Fintech Times

RS2 has partnered with Visa to launch a joint end-to-end payments infrastructure, combining Visa’s front-end services with RS2’s back-end processing to offer a scalable, cloud-native platform for banks, fintechs and merchants globally. The post New RS2–Visa Partnership Aims to Streamline Global Payments appeared first on The Fintech Times.

article thumbnail

The battle for merchant deposits: How the fintech sector is challenging banks’ core business

The Payments Association

” The two camps The two main categories of service providers in the changing landscape of merchant relationships are the traditional banks and the fintech or merchant service providers. Merchant services play a crucial role in building business relationships and enabling banks to generate significant lending revenue.