PYMNTS

DECEMBER 24, 2020

PYMNTS research shows 11.5 According to PYMNTS research, 10 percent more consumers are using digital wallets to pay for in-store and online purchases than they did in June, for example, and 11 percent more are buying goods using cards their merchants have stored on file than before. PYMNTS research shows that 64.3

RTP 104

RTP BNPL Real Time Payments Online and Mobile Banking 104

PYMNTS

JULY 2, 2019

Real-time payments (RTP) is a global initiative that’s been a decade in the making and counting, one that has gained momentum over the last several years. More than 50 countries are actively pursuing, piloting or already live with real-time payment programs. Regional Change.

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RTP Real Time Payments Visa ISO 20022 68

Payments Source

JUNE 12, 2017

should worry about falling behind as other countries have already invested in real-time payment (RTP) systems, according to new research from Mercator Advisory Group.

Real Time Payments 60

Real Time Payments RTP Payments Research 60

PYMNTS

JANUARY 30, 2020

PYMNTS recently caught up with Villarreal to get a better sense of where payments are headed as open-source software, cloud computing and real-time transactions gain even more steam. Real-time payments are being adopted around the globe,” he said. Bigger RTP Trends. Other Obstacles.

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RTP Use Case Real Time Payments Credit Union 58

PYMNTS

JUNE 27, 2018

As banks continue on their paths to implementing The Clearing House’s Real-Time Payments (RTP) rail, financial services firm FIS wants to ease friction of the adoption process. Simulation testing is a requirement for financial institutions and payment companies to connect to RTP, FIS explained.

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Real Time Payments Automation RTP Credit Union 49

PYMNTS

JANUARY 14, 2020

The Clearing House launched Real-Time Payments (RTP) two years ago, enabling financial institutions in the U.S. for the first time to send and receive payments instantaneously, 24/7 year-round. According to the research , 66.7 percent), availability of good payments data (46.9 businesses.

Real Time Payments 53

Real Time Payments RTP Payments Reconciliation 53

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.

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

PYMNTS

JUNE 26, 2018

The uncertainty around how, exactly, businesses will adopt faster payments could play a role in how banks are or aren’t establishing a clear road map for launching real-time payment services. ” There are other imbalances in banks’ RTP plans for B2B payments, too.

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Real Time Payments Payments Strategy RTP FinTech 46

PYMNTS

JANUARY 28, 2020

This week’s examination of the latest innovation initiatives finds this to be true both for innovators exploring ways to improve existing rails — like ACH — as well as those that have embraced the development of entirely new rails, including real-time payments (RTP) and blockchain-powered transactions.

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Same Day ACH RTP NACHA ACH 79

FICO

AUGUST 26, 2021

As it happens, there’s a lot more happening in the real-time payments arena than just PayPal, Venmo and Zelle. Let’s take a look at the current trends, with a focus on the US, and how banks can better arm themselves to fight fraud in this rapidly growing payments channel. in addressable payment volume.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve Wire Transfer 52

The Payments Association

DECEMBER 18, 2024

This shift will be vital for the continued growth of digital payments and a more secure, seamless user experience.” For payments companies, this signals the urgent need to prepare for Q-Daywhen quantum computers could render current cryptographic protections obsolete. Real-time payments (RTP) could reach $193.1

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Cross-Border AI Push-to-Card Real Time Payments 88

PYMNTS

FEBRUARY 4, 2019

Real-time payment systems are quickly cropping up across the globe. This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 percent, according to a Markets and Markets Research report. . launched its own Faster Payments Service in 2008.

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Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

NOVEMBER 13, 2020

Real-time payments (RTP) methods aren’t much use if few people understand what they are, where to find them and how to use them. PYMNTS’ research reveals that a fair share of consumers do not fully understand what real-time payments are or which payment methods support real-time transfers.

Real Time Payments 56

Real Time Payments RTP Consumer P2P 56

Faster Payments Council

AUGUST 23, 2024

It's time to confront the harsh reality—innovation alone doesn't drive broad adoption. However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments. We will wrap up with an interactive session for feedback on our research efforts.

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FPC ISO 20022 Federal Reserve Instant Payments 128

The Paypers

DECEMBER 6, 2017

(The Paypers) New research from Ovum has revealed that North American commercial banks are continuing to increase their investment in real-time payments (RTP).

Real Time Payments 28

Real Time Payments RTP Payments Research 28

PYMNTS

DECEMBER 31, 2019

The PYMNTS December 2019 Next-Gen AP Automation Tracker details explosive innovation in real-time payments for business, driven in no small part by accounts payable (AP) professionals. Those options couldn’t come at a better time.

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Checks Automation RTP Real Time Payments 54

PYMNTS

DECEMBER 4, 2019

Recent analysis from Juniper Research found that blockchain-powered cross-border B2B payments are expected to reach a $4.4 While firms like Diamante and SatoshiPay embrace blockchain, traditional players like Wells Fargo and HSBC are relying on RTP to accelerate corporate payments. HSBC Loops Into RTP.

B2B 52

B2B RTP Cross-Border FPC 52

Clearly Payments

DECEMBER 18, 2023

AI’s real-time fraud detection capabilities, as evidenced by an 80% reduction in fraudulent attempts according to Juniper Research, will fortify financial security by swiftly identifying and preventing unauthorized transactions. The global real-time payments market is projected to reach $1.2

Payments Trends 102

Payments Trends Online and Mobile Banking Payment APIs and Integration Contactless Payments 102

The Fintech Times

MAY 7, 2024

Across much of the world, instant payments have quickly become the norm. In fact, less than a third of US banks are signed up to either RTP or FedNow , meaning the vast majority cannot offer instant payments as a service; new research from RedCompass Labs , the payments modernisation company, has revealed.

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Instant Payments FedNow Zelle RTP 59

PYMNTS

NOVEMBER 20, 2019

In today’s top payments news, SunTrust and BB&T have announced that they have received the regulatory green light to finish their merger to become Truist Financial Corporation. Also, Wells Fargo has launched an integration with the RTP network, letting its business clients send real-time payments.

RTP 40

RTP Money Laundering Payment APIs and Integration AML 40

Fintech Finance

MAY 29, 2024

While these industries offer high-profit potential, businesses within them face unique payment challenges, including payment delays, fraud, and complex compliance requirements. Real-Time Payments on the Rise: 38% of businesses anticipate a surge in RTP adoption for faster settlements and improved cash flow.

RTP 52

RTP Real Time Payments Fraud Prevention B2C 52

PYMNTS

DECEMBER 20, 2017

In a recent interview with PYMNTS, Chris Ward, executive vice president and head of product management for PNC Financial Services Group — one of the first banks to offer real-time payments to personal and business banking customers alike — said he believes the technology could be a game-changer in the U.S. Getting faster….

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AI Real Time Payments Faster Payments Payments 83

PYMNTS

AUGUST 7, 2020

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. As for a time frame for launching the new system, Fed officials said in a webcast detailing the particulars that FedNow would debut in 2023 or 2024 and would take a phased approach to implementation.

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Fed Instant Payments FedNow Interbank Settlement 75

PYMNTS

DECEMBER 18, 2019

Innovation in the payments arena has provided more rails upon which to move money. In B2B payments, though, legacy tools continue to lead. Credit Unions Embrace RTP. enabling it to manage the settlement and liquidity of transactions made via RTP for its 500 credit union members. Profituity Aims To Elevate ACH.

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B2B Credit Union Electronic Funds Transfer (EFT) RTP 52

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. OpenPayd Debuts Real-Time FX.

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Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

The Fintech Times

JULY 24, 2024

While each of the aforementioned countries has advanced their digital payment infrastructures, the US has lagged behind. In fact, in 2023 , real-time payments only made up one per cent of all payments in the country. Banks have a difficult choice between TCH’s RTP network and the new kid on the block, FedNow.

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FedNow Instant Payments RTP Federal Reserve 59

PYMNTS

SEPTEMBER 17, 2019

Corporate treasurers show increasing interest in real time and faster payment solutions, the latest research suggests. However, it’s not necessarily the ability to pay suppliers in real-time that has companies enticed. Treasurers See Faster Payments Benefits.

B2B 43

B2B RTP Bankers' Bank Accounts 43

PYMNTS

JANUARY 17, 2020

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into real-time payments and news on Visa ‘s FinTech play with Plaid and insight into buy now, pay later (BNPL). FinTech Play, Wrapped In Plaid.

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BNPL RTP Real Time Payments Online and Mobile Banking 40

PYMNTS

OCTOBER 29, 2020

Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Around The Real-Time Payments Landscape. Businesses also demand quicker payments from their corporate clients. Inside Businesses’ Faster Payments Selections.

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Faster Payments Same Day ACH Real Time Payments Payroll 43

Finovate

MARCH 7, 2025

Its fair to say that traditional financial systems left many people and communities underserved, but LPMsfrom mobile wallets in Africa to RTP schemes like UPI in Indiabridge this gap, and theyre empowering billions of consumers to participate in the digital economy. Part of this was the launch of the real-time payment system Wero last summer.

Payments 52

Payments Push-to-Card Online and Mobile Banking P2P 52

PYMNTS

OCTOBER 24, 2019

The latest Faster Payments Tracker examines developments in real-time payments with an emphasis on B2B cross-border transactions. FedNow , the Federal Reserve’s planned real-time payment system is not due to arrive until 2024, and it takes time for companies to realize new offerings.

Cross-Border Payments 42

Cross-Border Payments Cross-Border B2B FedNow 42

PYMNTS

FEBRUARY 19, 2020

“With hundreds of banks and nearly a million payments per month, Kyriba streamlined our treasury operations, helped us reduce risk by 10x and eliminated more than half of our payments banks, making the team more efficient and effective to support the enterprise.”. via an API that loops into The Clearing House’s RTP network. .

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Payment Networks Treasury Real Time Payments Payments 52

PYMNTS

JANUARY 23, 2020

Payments made with cash and checks are dropping in volume — the use of cash alone declined 40 percent over the past five years in Canada. Instant payments started 2020 on a high note, however, with the adoption of real-time payments and other speedy disbursement methods increasing over the past few years.

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Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

SEPTEMBER 27, 2019

Congress Presses Fed On Real-Time Payments Plan . payments ecosystem implications. Research from PYMNTS, however, finds that many travelers are interested in innovative payment solutions. Those products could make it easier to pay for vacations.

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Data Breach Breach RTP FedNow 49

Fintech Finance

MARCH 28, 2024

We are in a new era of payments, where money is moved and tracked in real-time, driven by FedNow, RTP, and the rise of embedded payments. In fact, Modern Treasury research shows many companies face entrenched problems around manual operations, slow reconciliation, and complexity.

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Treasury Reconciliation Best Practices FedNow 52

Finovate

APRIL 2, 2025

Moderated by JT Thykattil , VP & Research Director, Forrester Research, the panel will include Aditya Vikram Singh of Capital One and Katie Quilligan of BankTech Ventures. ” and look at the challenges involved when building products on top of RTP and FedNow rails.

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AI Addressing Payments FedNow 66

Fintech Finance

FEBRUARY 27, 2024

Through this partnership, Backbase clients will be able to offer instant payment capabilities to their customers. Backbase, leveraging Alacriti’s Orbipay Payments Hub , will support end-to-end payment orchestration and processing through the RTP® network, the FedNow® Service, Visa Direct, Fedwire, and ACH payment rails.

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Instant Payments Payment Solutions ISO 20022 FedNow 52