Remove Real Time Payments Remove Request for Payment Remove SWIFT
article thumbnail

SWIFT Signals Further Openness To Blockchain?

PYMNTS

The movement to bring blockchain to cross-border payments proceeds apace. Might SWIFT be giving a nod, at least partially, toward the use of distributed ledger technology (DLT)? In an interview with CNBC, SWIFT Asia-Pacific Managing Director Lisa O’Connor said that some of its members are indeed using blockchain. One caveat?

SWIFT 74
article thumbnail

AppBrilliance Brings Real-Time Frictionless Payments to Closed Loop Digital Wallets With RTP & FedNow

Fintech Finance

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.

RTP 98
article thumbnail

Broadridge Launches Instant Payments Service, Aligned with New EU Regulations

Fintech Finance

The Broadridge service supports real-time money transfers, operating 24/7/365, with transaction processing times of under 10 seconds from payer to beneficiary. ” The launch of Broadridge’s Instant Payments service aligns with recent EU regulations mandating the facilitation of euro instant credit transfers. .

article thumbnail

Getting RTP’s Roadmap, Consumer Demand For It In Sync

PYMNTS

For real-time payments, the infrastructure is there, and now comes the demand. Looking at the two types of merchants — online or physical stores — he said real-time payments are less likely to gain traction in a brick-and-mortar setting, at least on the consumer side of the equation. The Corporate Case.

article thumbnail

New Broadridge Financial Solutions Service Enables Businesses to Benefit From Instant Payments

The Fintech Times

Through its new Instant Payments Service, Broadridge supports real-time money transfers, operating constantly, with transaction processing times of under 10 seconds from payer to beneficiary. Instant payments are expected to become the industry standard, particularly for recurring transactions such as bill payments.

article thumbnail

New Corporate Payment Tricks For Old Rails

PYMNTS

RBC Bank recently announced that it has become the first bank in Canada to offer Interac’s e-Transfer: Bulk Request Money service for corporates. SWIFT gpi Touts 2019 Numbers. SWIFT ‘s gpi released new data to showcase the growing adoption of the cross-border payments network.

article thumbnail

Reflecting On The UK’s Decade Of Faster Payments — And Fraud

PYMNTS

Faster Payments’ availability has been a game changer for U.K. consumers and financial services firms, Hutton said, noting they were previously forced to endure a somewhat cumbersome payment delivery process prior to the system’s launch.