PYMNTS

JULY 24, 2019

While commercial real-time payments became available in the U.S. Last month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payment technologies to community banks. Benefits of Real-Time Payments. back in 2017, they haven’t yet hit ubiquity.

Real Time Payments 67

Real Time Payments Payment APIs and Integration Faster Payments Fraud Detection 67

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

Real Time Payments 77

Real Time Payments RTP Irrevocability Faster Payments 77

PYMNTS

NOVEMBER 20, 2018

Real-time payments: It’s one of those changes that everyone seems to agree on, but could still use some push. Furthermore, 70 percent of businesses said they would benefit from real-time payments’ instant funds availability, and 60 percent of companies that are interested in real-time payments are also pursuing B2B innovations.

Real Time Payments 70

Real Time Payments FPC Faster Payments Payments 70

PYMNTS

DECEMBER 30, 2016

We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly? Payments 2016: The Year Of Ubiquitous Real-Time Payment Settlement.

Real Time Payments 40

Real Time Payments Ubiquitous Settlement Federal Reserve 40

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.

Real Time Payments 60

Real Time Payments FinTech Payments Ubiquitous 60

FICO

APRIL 6, 2020

In my last post I wrote about the fraud and financial crime problems the USA is likely to encounter as real-time payments increase in both value and volume. In countries such as the UK, real-time payment schemes have been ubiquitous for many years. What Banks Can Do. Customer communications.

Real Time Payments 52

Real Time Payments Money Laundering Payee Payments 52

Payments Dive

OCTOBER 21, 2016

Visa is putting extra focus on making real-time payments ubiquitous as the card network Friday added several partners to bolster Visa Direct.

Ubiquitous 94

Ubiquitous P2P Real Time Payments Payments 94

Fintech Finance

JANUARY 24, 2024

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network.

Real Time Payments 52

Real Time Payments RTP Visa Instant Payments 52

PYMNTS

NOVEMBER 21, 2019

initiatives of innovating in faster payments capabilities and promoting adoption of real-time payments. ACI Worldwide noted it already has a strong foothold in the real-time payments space, with integrations with 18 real-time domestic payment networks around the globe. In the U.S.,

Faster Payments 99

Faster Payments FPC Federal Reserve FedNow 99

PYMNTS

DECEMBER 11, 2017

Financial services firm FIS is linking customers of Fifth Third Bank to real-time payments, the companies said late last week. FIS will bridge Fifth Third into The Clearing House’s (TCH) Real-Time Payments (RTP) system to enable real-time transacting for customers.

Real Time Payments 40

Real Time Payments RTP TCH Payment APIs and Integration 40

PYMNTS

NOVEMBER 8, 2019

Federal Trade Commission (FTC) Commissioner Rohit Chopra wrote a letter to the Federal Reserve saying projects like Libra (Facebook’s proposed cryptocurrency ) illustrate the need for the bank to develop a real-time payments service, according to reports. Chopra also took the time to criticize Libra. Brainard asked.

Real Time Payments 40

Real Time Payments FTC Fed FedNow 40

PYMNTS

NOVEMBER 8, 2019

Federal Trade Commission (FTC) Commissioner Rohit Chopra wrote a letter to the Federal Reserve saying projects like Libra (Facebook’s proposed cryptocurrency ) illustrate the need for the bank to develop a real-time payments service, according to reports. Chopra also took the time to criticize Libra. Brainard asked.

Real Time Payments 40

Real Time Payments FTC Fed FedNow 40

PYMNTS

JULY 4, 2019

Restaurants equipped with the necessary tools can disburse real-time payments to staff, eliminating delays and the need to divvy up cash at the end of a shift. These apps, as well as more ubiquitous services like Venmo , are aiming to change how consumers approach paying and tipping.

Real Time Payments 50

Real Time Payments Push-to-Card Payments Instant Payments 50

PYMNTS

MARCH 18, 2016

Tech firm DH Corporation and The Clearing House will be partnering to provide real-time payment options in the United States for financial services firms. Going forward, partner financial institutions will be able to leverage D+H’s core, payments and channel applications as an access point for TCH’s real-time U.S

Real Time Payments 40

Real Time Payments TCH Ubiquitous Payments 40

PYMNTS

SEPTEMBER 9, 2019

The ideal cross-border payment solution provides speed, security and compliance and transparency, while also being ubiquitous enough to be widely available for use. Legacy payment cannot meet all five of these requirements — but real-time payments solutions can. To learn more, download the playbook.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Real Time Payments Ubiquitous 69

PYMNTS

SEPTEMBER 18, 2018

But the costs of falling behind are generally greater, as consumers and businesses gravitate to providers that can consistently and ubiquitously meet their needs. It’s why real-time payments have become a hot topic, and businesses across the board are rushing to embrace them. 13,198: The number of U.S.

Real Time Payments 68

Real Time Payments Zelle Central Bank Ubiquitous 68

PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. The letter cited what has become the all-too-familiar talking point about the state of faster payments in the U.S.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

JANUARY 22, 2019

Financial Innovation Now (FIN) submitted a public letter in December, contending that the Fed was best-positioned to operate a ubiquitous, interoperable real-time payments network. Innovation, flexibility and agility helped drive WEX ’s acquisition of Discovery Benefits, Inc.

Faster Payments 66

Faster Payments Real Time Payments Ubiquitous Debit Card 66

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 The Federal Reserve’s Faster Payments Task Force established a goal in July 2017 that any consumer or business with a U.S.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

JANUARY 24, 2019

It’s expected that more than 56 real-time payment rails will be live by 2020, and the U.S. is hoping to attain real-time payments ubiquity by that point. The demand for faster payments is strong in the U.S., Hong Kong and many others have launched system-wide real-time payment schemes, the U.S.

Federal Reserve 67

Federal Reserve Real Time Payments Faster Payments RTP 67

PYMNTS

AUGUST 6, 2019

Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another. “We We have a real-time payments network.

FedNow 85

FedNow Fed Federal Reserve Instant Payments 85

PYMNTS

NOVEMBER 13, 2018

A group of payment players announced Tuesday (Nov. Faster Payments Council (FPC), aimed at working toward a ubiquitous payment system that enables Americans to safely and securely pay anyone, anywhere and at any time with near-immediate funds availability. 13) that they created a new organization, dubbed U.S.

Faster Payments 76

Faster Payments FPC Federal Reserve Payments 76

PYMNTS

SEPTEMBER 21, 2016

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. What’s Under The Faster Payments Umbrella?

Faster Payments 76

Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

JULY 23, 2019

Namibia recently advanced one prong of this approach and made the push for greater digital payments uptake by doing away with domestic check processing altogether. Meanwhile, around the world, a number of financial players have been working to smooth transitions to real-time payment rails for businesses and consumers alike.

Real Time Payments 52

Real Time Payments Faster Payments API Ubiquitous 52

PYMNTS

SEPTEMBER 19, 2016

19) a new partnership with Stripe to speed up payments for marketplaces. The two payments players are teaming up to help sellers on Stripe marketplaces get paid faster and easier in today’s shareconomy. Mastercard Send ’s real-time payments will now use the instant payouts feature from Stripe to ensure U.S.

Visa 75

Visa Debit Card P2P Ubiquitous 75

PYMNTS

DECEMBER 4, 2018

are working to promote faster payments. Faster Payments Council (FPC), which will work toward a ubiquitous and secure faster payments system, offering 24/7 availability. Of course, greater ubiquity with any faster payments system means helping smaller FIs to implement the services as well.

Central Bank 70

Central Bank Real Time Gross Settlement (RTGS) RTP Faster Payments 70

Faster Payments Council

OCTOBER 4, 2020

And while all of these are colossal shifts for the American people, the one even larger change stemming from the pandemic lies in the transition to faster payments. In a time when many American families are facing financial hardship, "waiting on payments" could have detrimental consequences.

Faster Payments 68

Faster Payments Federal Reserve Real Time Payments Payments 68

PYMNTS

NOVEMBER 28, 2016

A study conducted by Lipis Advisors found that a quarter of the cost associated with implementing faster and real-time payments capabilities for banks is linked directly to testing the technology. And among those niche areas is B2B payments, Hay said.

Faster Payments 54

Faster Payments Real Time Payments Payments Instant Payments 54

PYMNTS

DECEMBER 20, 2018

The pair recently launched Accelerated Funding, a new solution that gives consumers more options when receiving payments from corporates. The solution includes options for next-day, same-day, “Express” or instant payments, serving small and medium-sized merchants. Other players have built their own real-time payment systems in-house.

Instant Payments 57

Instant Payments Consumer Real Time Payments Interoperability 57

PYMNTS

DECEMBER 1, 2020

“Companies shifting to digital payment methods are overcoming many of the challenges that have historically plagued business-to-business (B2B) transactions. days to settle — a sharp contrast to the real-time payments that have become ubiquitous in everyday life through apps such as Venmo or Zelle,” the CFO’s Guide states.

Process 64

Process Payment APIs and Integration Treasury Automation 64

PYMNTS

OCTOBER 29, 2020

Slow payment options can be devastating to businesses' stability and vendor relationships, but firms often find themselves struggling to choose the right faster payment alternatives, says U.S. Bank Vice President of Global Treasury Management, Faster Payments Adam Carter. GDP Surges — But What’s Next For The Consumer?

Cross-Border 65

Cross-Border Visa Faster Payments Treasury Management 65

PYMNTS

SEPTEMBER 17, 2018

Paper checks have long been used in the B2B industry, serving as one of the few ubiquitous payment methods in an otherwise highly fragmented market. Sixty-one percent of businesses said Real-Time Payments would improve their payroll operations. Now, many businesses are looking to change that. As much as 35.4

B2B 46

B2B Real Time Payments Ubiquitous Checks 46

Fintech News

APRIL 16, 2024

With cashless payment becoming ubiquitous, the Bank of Thailand (BOT) is now paving the way for open finance, aiming to enhance consumer access to financial services. According to the report, cashless payments are now widespread in the country, reaching an adoption rate of 94% in 2021. In 2021, it recorded 9.7

FinTech 116

FinTech Bots Central Bank Innovation 116

PYMNTS

JANUARY 30, 2020

As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds. By definition, real-time payments give financial institutions (FIs) almost no time to analyze and authenticate a transaction to prevent fraud and other financial crimes.

Faster Payments 43

Faster Payments APACS Real Time Payments Financial Crimes 43

PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. In October alone, the ACH Network processed nearly $5 billion in 3.8

Faster Payments 69

Faster Payments Same Day ACH ACH NACHA 69

PYMNTS

DECEMBER 13, 2018

“The partnership is Vocalink’s first fully managed service in Latin America, which will ensure that we continue to provide our payments expertise long after we have implemented the new infrastructure,” said Vocalink CEO Paul Stoddart in the release.

Payment APIs and Integration 53

Payment APIs and Integration SWIFT Interbank Settlement Faster Payments 53

PYMNTS

SEPTEMBER 12, 2019

These devices have truly become ubiquitous.”. The growth of the payment method is part of the larger, global trend of real-time payment deployments, a general effort that not only involves shifting consumer demand, but also development of new or improved payment technologies, along with regulatory changes.

P2P 61

P2P Zelle Payments Real Time Payments 61