Finextra

OCTOBER 23, 2024

Taking to the stage on the penultimate day of the AFP conference in Nashville’s Music City Center, were Netflix’s Joshua Karoly, The Clearing House’s Cheryl Gurz, US Bank’s Mike Thomas in a panel led by Strategic Resource Management’s Dean Nolan.

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AFP Request for Payment FedNow Payments 80

The Paypers

AUGUST 7, 2023

The Clearing House ’s RTP Network has announced the expanded availability of its Request for Payment (RfP) capability.

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Request for Payment RTP RFP Payments 36

Fintech Finance

OCTOBER 17, 2024

(NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. These regulations are expected to accelerate the adoption of instant payments across Europe, with key compliance deadlines set for 2025.

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Instant Payments Regulations SWIFT Payments 98

Fintech Finance

AUGUST 15, 2024

Modern Treasury , essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Instant payments, powered by the first new payment rails in the U.S.

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Instant Payments Treasury RFP RTP 105

The Paypers

NOVEMBER 17, 2021

US Bank has expanded its Request for Payment (RfP) services to help billers provide a better bill payment experience to customers.

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Request for Payment RFP Payments 31

PYMNTS

AUGUST 10, 2020

You’d be forgiven for thinking that faster payments might be the purview of the U.S. Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. In other cases, stimulus payments were commingled with tax refunds, and were subject to garnishment.

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Real Time Payments RTP TCH Federal Reserve 138

Fintech Finance

JULY 30, 2024

AppBrilliance , a pioneer in real-time payment solutions with its cutting-edge Money API platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US. This represents a clear opportunity for expanding payment solutions in the U.S.

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RTP FedNow RFP Payment APIs and Integration 98

PYMNTS

NOVEMBER 18, 2020

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. economy is proving to be a tailwind for faster payments and processes. That said, the U.S. The Three Is .

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Real Time Payments ISO 20022 Reconciliation Payments 98

PYMNTS

MARCH 16, 2018

American Express has reportedly filed a patent related to faster payments and blockchain technology, reports in CoinDesk said. The filing describes a blockchain solution to receive requests for payment, which would then be approved or rejected, a process that would include risk analysis, reports said.

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Faster Payments Blockchain Payee Payer 77

Faster Payments Council

JULY 20, 2020

The paper also explores how Request for Payment (RfP) messaging could bring the best of both models together to help transform the bill pay experience and the various barriers to adoption of faster payments in consumer bill pay. Download Now

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Faster Payments RFP Consumer Request for Payment 68

PYMNTS

JANUARY 26, 2021

Nearly a year of trial-by-fire, pandemic-era learning within the payments business has not only provided some great lessons but has also set the stage for some major advances in 2021 that have been in the cards for years. Consumer initiation, tokenization and RfP combine to deliver safer, faster and smarter payments,” added Waterhouse.

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Real Time Payments RTP RFP TCH 109

PYMNTS

JUNE 18, 2019

The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. to fully embrace real-time payments for both B2B and B2C activity.”. Where We Stand In The US.

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RTP P2P B2B RFP 78

PYMNTS

DECEMBER 20, 2017

Faster payments recently made their American debut, with The Clearing House (TCH) instituting the inaugural transaction on the first new payments and clearing system in the U.S. PNC recently rolled out real-time payments to customers via TCH’s new Real-Time Payments (RTP) network and the Finastra Fusion Payments payments services hub.

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AI Real Time Payments Faster Payments Payments 83

PYMNTS

JANUARY 13, 2020

This week, however, a rundown of the latest B2B payment scams finds that it’s not only external bad actors, but entities’ own internal personnel that is often the cause of fraudulent activity.

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B2B Wire Transfer FBI Cybersecurity 89

PYMNTS

NOVEMBER 14, 2017

s first new payment and clearing system in more than 40 years is up and running. was moved between accounts at two different banks (there was only one customer with two bank accounts) via RTP, the name for a new “Real-Time Payments” system set up by The Clearing House. At 4:59:40 p.m. on Monday, $3.50 Progress in the U.S.

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Real Time Payments RTP Irrevocability Faster Payments 77

PYMNTS

JANUARY 25, 2019

payments landscape is shifting into higher gear, pressuring corporations to accelerate their processes. As they work to achieve this, more companies are ditching paper-based methods and embracing digital solutions that streamline payments and reconciliations. However, the current payments environment in the U.S. as an example.

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Real Time Payments Federal Reserve RTP TCH 67

PYMNTS

OCTOBER 14, 2020

European payments provider Contis is partnering with U.K.-based Contis works in real-time payments, while Ordo has been working to simplify the process of getting paid through safe bank transactions and automatic tracking for payments, the release stated. Together, the companies will work on simplifying loading accounts.

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Real Time Payments FinTech Payments Ubiquitous 60

PYMNTS

OCTOBER 1, 2019

Fifty-four faster payment schemes — and counting. Real-time payments are on the radar for most banks, and the opportunity is there to grow top lines and cement customer relationships. One key example Ramsey cited is the request for payment, an offering that he said is actively being promoted across several faster payment schemes.

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ISO 20022 Faster Payments FedNow ISOs 69

PYMNTS

FEBRUARY 11, 2019

Might the state of faster payments be described as “conflicted?”. That can be a problem when, by and large, payments as an industry still operates through what might be termed as “a batch process.” Even if you take faster payments out of the equation, there are a number of rails,” he said. Where We Are Now.

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Faster Payments Real Time Payments Same Day ACH Payments 78

PYMNTS

MARCH 14, 2019

The movement to bring blockchain to cross-border payments proceeds apace. I think that it’s really interesting, everything that’s gone on in the payments space around DLT.”. We anticipate significant growth in transaction volume over the next 10 years, as a variety of innovative digital [payment] products are launched.

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SWIFT Blockchain Distributed Ledger Technology (DLT) RFP 74

Faster Payments Council

JULY 21, 2020

Collaboration with Glenbrook Partners Explores How Faster Payments Can Transform the Bill Pay Experience July 22, 2020 – The U.S. Faster Payments Council (FPC), in partnership with Glenbrook, today released the research white paper, "Faster Payments and the Potential to Transform Consumer Bill Pay."

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Faster Payments FPC Research Consumer 68

The Fintech Times

OCTOBER 19, 2024

Broadridge Financial Solutions , the investor communications and technology-driven solution provider, has launched a new managed service for connectivity, message processing and workflow management for instant payments.

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Instant Payments SWIFT Payer Request for Payment 52

PYMNTS

FEBRUARY 25, 2020

This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails. Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools. Kyriba Streamlines Connectivity.

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Cross-Border Payments Cross-Border SWIFT Debit Network 56

PYMNTS

APRIL 15, 2020

The FTC stated that no government entity would call to ask for money or personal information like credit card numbers or Social Security numbers, adding that any requests for payment through services like Western Union or MoneyGram are almost certainly scams. On its website, the FTC breaks down the numbers of fraud cases by state.

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FTC Scams Request for Payment Social Security 86

Fintech Finance

MAY 8, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, has published its latest report titled, Navigating Instant Recurring Payments: Consumer, Business, and Financial Institution Perspectives.

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Faster Payments FPC Payments RFP 52

Axway

MARCH 13, 2023

On any given day, businesses exchange all types of data and documents with other businesses: a purchase order that creates an agreement for a sale, an invoice as a record and request for payment, and the list goes on. Considering …

B2B 52

B2B Request for Payment Agreements Payments 52

Finovate

APRIL 2, 2024

Banks in the Treasury Prime network will be able to offer their BaaS clients access to a real-time payment platform via Narmi’s FedNow service. Banks in the Treasury Prime network can offer their BaaS clients a real-time payments platform via Narmi’s FedNow service.

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Treasury Instant Payments FedNow Real Time Payments 52

PYMNTS

DECEMBER 6, 2018

Forty countries: That’s how many places either have real-time payments programs in progress or live. In the latest edition of the PYMNTS DataDrivers podcast, Karen Webster talks with George Evers, senior vice president of real-time product at Vocalink , about the how far real-time payments have already come, and where they are headed.

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Real Time Payments RTP Payments Economy 56

EBizCharge

APRIL 17, 2024

Payment links revolutionize how businesses interact with customers by simplifying the payment process with a few clicks. This article will dive into the very fabric of payment links — exploring their types, functionality, security, and the scenarios they’re best suited for — to help you optimize them for your business.

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Online and Mobile Banking Payments Payment Gateways Credit Cards 59

PYMNTS

OCTOBER 21, 2019

Mastercard announced that it is partnering with PNC Bank to pilot Payment on Delivery, a new solution allowing businesses to pay a supplier in real time when receiving goods or services. Through this program, together we can bring speed and transparency to these critical business payments.”.

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Visa Real Time Payments RTP Treasury Management 44

FICO

APRIL 1, 2020

Around the world, governments and financial services providers are announcing payment holidays that help customers who have a cash crunch due to the pandemic. From April 1, 2020, it will be possible to have loan payments held for the next three months, and to only pay back the deferred installments at the end of the term.

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Payments Request for Payment Automation Authentication 52

PYMNTS

MARCH 14, 2019

“For small businesses in particular, the timely collection of outstanding payments is crucial to their success,” said Central 1 Senior Product Manager Randy Johal in a statement. The tool links directly into small to medium-sized business (SMB) accounts, the company noted, allowing businesses to avoid the cost of card acceptance.

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Credit Union Small Business Payments Payment Solutions 59

The Paypers

SEPTEMBER 27, 2023

Federal Reserve has released market practices to advance standardised implementation of the request for payment (RFP) feature of instant payments.

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Federal Reserve RFP Request for Payment Instant Payments 41

PYMNTS

APRIL 2, 2019

When The Clearing House (TCH) unveiled the Real-Time Payments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. It wasn’t the first to roll out such a system, but it was the first “major payments upgrade” in the U.S. RTP in the Bill Payments Realm.

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Real Time Payments RTP Payer Irrevocability 49

Nanonets

SEPTEMBER 1, 2023

In Accounts Payable, the importance of vendor payment methods often goes unnoticed despite their substantial influence on the overall cash flow, efficiency of the AP team, and profit margins. The US Federal Reserve's new payment rail FedNow can shake up the landscape, offering significant time and cost savings. What is FedNow?

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FedNow Wire Transfer Federal Reserve ACH 52

PYMNTS

AUGUST 7, 2017

Icon Solutions announced news last week it had begun testing connectivity between its Instant Payments Framework (IPF) and U.S.-based based limited liability company The Clearing House’s new faster payments infrastructure. financial institutions’ participation in real-time payments.”

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Faster Payments TCH Real Time Payments Instant Payments 40

Finovate

APRIL 25, 2024

Atomic Atomic’s PayLink simplifies subscription management by allowing consumers to efficiently manage, modify, and optimize recurring payments and subscriptions within their financial institutions. Digital wallets, BaaS, fintechs, payment providers, lending institutions, banks, and credit unions.

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Credit Union Irrevocability Payment APIs and Integration FedNow 52