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The Clearing House On The Race for Real-Time Payments In The US

PYMNTS

Real time is getting ever closer to prime time. 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. But it might not be the Federal Reserve ’s doing.

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Real-Time Payments Steps Up To Fulfill Demand For Faster Funds

PYMNTS

The payments ecosystem now prizes quickness above all things in a time of cash flow shortages, where each paper check takes an eternity — assuming it arrives at all. It’s time to embrace it, especially for financial institutions (FIs) and adjacent players that intend to stay relevant in this market. We’ve evolved.

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Why FedNow Will Slow Real-Time Payments

PYMNTS

That’s the talk track now from the Fed , which a week ago today announced its plans to build and operate a new set of real-time rails, using accelerated access to employer paychecks as its launch use case. It’s also not why the Fed decided to enter the real-time payments fray. The Real-Time Payday Reality.

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Cross River To Provide Clients With Real-Time Payment Ability

PYMNTS

Cross River, a company that provides banking services for technology companies, will join The Clearing House’s (TCH) RTP network, according to a release. By joining the network, Cross River will be able to give its clients the ability to send, settle and clear payments instantly, along with messaging capabilities, while ensuring compliance.

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New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in a short amount of time. “A

RTP
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Report: Paychex Gives Traditional Payroll Cycle A Real-Time Makeover

PYMNTS

Slow payments have long frustrated businesses and consumers, forcing the former to readjust their timelines as they await funds and prompting the latter to put off purchases as they watch for transactions to finalize. PYMNTS’ data revealed that many consumers are now seeking real-time access to their funds, with 35.2

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Past Lessons May Prove Invaluable For US Real-Time Payments Rollout

PYMNTS

Real-time payments initiatives are under way all across the globe, but there is little consistency across jurisdictions regarding how the financial services sector takes on the initiative or where each market is at in terms of progress in achieving real-time payments capabilities. In the U.S., In the U.S.,