article thumbnail

U.S. Faster Payments Council Publishes Interoperability White Paper

Faster Payments Council

Interoperability in a faster payment system can help achieve seamless processing – both sending and receiving – of payment instructions across a variety of payment solutions.

article thumbnail

ACI Streamlines Banks’ Path To Real-Time Payments

PYMNTS

ACI Worldwide has unleashed its real-time payment solution for financial institutions (FIs). According to ACI, the solution addresses the challenges banks face when managing multiple, separate systems and schemes involving real-time payments. The company announced news on Tuesday (Oct.

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

SAP, R3 Back Blockchain For Real-Time Gross Settlement

PYMNTS

24) said the companies are collaborating on a payment platform designed to accelerate payments and settlement between banks and their customers, with a focus on allowing for interoperability between existing real-time gross settlement ( RTGS ) systems and blockchain-based systems. ”

article thumbnail

What Hong Kong’s New Faster Payment System Means

PYMNTS

Faster payments solutions must meet a variety of demands. Small retailers want to keep their cash flow moving by receiving consumer payments quickly, while large corporations need improved data and visibility to ensure their B2B transactions arrive on schedule. per transaction.

article thumbnail

An Overview of FedNow and Bank to Bank Transfer Payments in USA

Clearly Payments

The landscape of payments in the United States is undergoing a rapid transformation. As digital commerce expands and consumer expectations evolve, the demand for faster, more secure, and cost-effective payment solutions has intensified. merchants, providing a market overview and practical considerations for adoption.

FedNow 71
article thumbnail

Banking Circle Enhances European Payment Capabilities with Swiss Interbank Clearing (SIC) Access

Fintech Finance

With this new capability, Banking Circle clients can now benefit from comprehensive support for both Real-Time Gross Settlement (RTGS) and Automated Clearing House (ACH) transactions in Swiss Francs (CHF), coupled with access to Liechtenstein-issued VIBAN accounts designed to provide full operational control and compliance alignment This new CHF payment (..)

article thumbnail

Banking Circle Now Provides Access and Account Infrastructure for 5 of 12 Major Currencies in Europe

The Fintech Times

Banking Circle , the global clearing provider, has made major progress in its effort to build a global payments platform with interoperability at its core, as it strengthens its embedded financial infrastructure with direct access to the Swiss National Bank ‘s Swiss Interbank Clearing (SIC) system.