Fintech Finance

FEBRUARY 4, 2025

This extraordinary increase reflects the growing demand for faster, more transparent, and always-available payment solutions from consumers, businesses, and the financial community. When the RTP network exceeded the 1 billion payments mark on Friday. Payment Innovation appeared first on FF News | Fintech Finance.

RTP 59

RTP Volume Transactions Real Time Payments 59

PYMNTS

NOVEMBER 25, 2020

The tipping point toward real-time payments’ ubiquity might be closer than many observers think, Mark Ranta , payments practice lead at FinTech Alacriti , told PYMNTS in a recent interview. And beyond TCH and RTP, the Federal Reserve’s FedNow real-time payments solution looms.

Real Time Payments 114

Real Time Payments RTP FedNow TCH 114

PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. Payment frictions and P2P’s impact. percent during Q3 2020.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

Bank Automation

DECEMBER 6, 2024

The Clearing House raised the transaction limit on its Real Time Payments network to $10 million, opening the door for new uses of the rail for commercial transactions.

Transaction Limits 98

Transaction Limits RTP TCH Transactions 98

PYMNTS

OCTOBER 15, 2020

“That’s strong growth for something that is a mature payment product,” said Larimer. That’s especially true for larger corporates, where large volume, high dollar value transactions have been gaining traction, especially in B2B settings. There’s room for RTP and ACH to co-exist, said Waterhouse, “for a very, very long time.”

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

Payment Savvy

FEBRUARY 24, 2023

Real-time payments have revolutionized how we make financial transactions, providing unparalleled speed, convenience, and security. With real-time payments, money can be transferred almost instantly from one person to another, anywhere in the world.

Real Time Payments 98

Real Time Payments Payments Risk Cash Management 98

PYMNTS

JANUARY 26, 2021

According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

PYMNTS

SEPTEMBER 29, 2020

Mastercard and ACI Worldwide are teaming up to “provide a wide range of real-time payment solutions globally.” This will address the opportunity created as the “account-to-account payments market continues to quickly expand,” a press release said on Tuesday (Sept. Payments giant Mastercard, based in Purchase, N.Y.,

Real Time Payments 99

Real Time Payments Visa Payments Central Bank 99

The Payments Association

APRIL 23, 2025

Regarding the first point, these legacy issues are the banks’ major roadblocks, as their systems are unable to withstand the speed, volume, and security required for real-time payments. Integrating instant payments with existing systems can be challenging.

Real Time Payments 88

Real Time Payments Innovation Instant Payments Payments 88

PYMNTS

APRIL 17, 2019

Corporations today receive payments through a variety of methods: They might take in funds through checks, traditional automated clearing house (ACH) or wire transfers. Some corporates may accept cash, credit cards or web payments. In other words, corporates have a mix of payments coming in through different channels.

Real Time Payments 73

Real Time Payments Automation FinTech Wire Transfer 73

PYMNTS

AUGUST 4, 2019

The United States is far behind other countries in terms of having real-time payments,” Fed Chairman Jerome Powell said last week, adding that while the Fed hasn’t made a decision on whether to move forward, the central bank has a long history of providing payments services to banks. We have a real-time payments network.

Real Time Payments 77

Real Time Payments Fed Federal Reserve Instant Payments 77

PYMNTS

AUGUST 6, 2019

6) that showed organic growth for FIS and recently acquired Worldpay as standalone entities and updated the outlook for the combined entity — with particular emphasis on real-time payments and eCommerce opportunities. As eCommerce accelerates, we’re very well-positioned to capture those volumes.”. That’s gone very well.

Real Time Payments 74

Real Time Payments Posting Payments Federal Reserve 74

Fintech News

JANUARY 12, 2025

QR code payments are driving this trend, with volumes surpassing US$13 billion in 2023 and over 85% of retailers in Thailand, Vietnam, and Indonesia now accepting the payment method. The Philippines has emerged as a key alternative lending market in Southeast Asia, accounting for 59% of deal volume in 2024.

FinTech 116

FinTech Financial Inclusion BNPL Cross-Border 116

PYMNTS

AUGUST 12, 2019

It’s also not why the Fed decided to enter the real-time payments fray. The Real-Time Payday Reality. As a result, Same-Day ACH volume has jumped dramatically in support of use cases for which faster access to funds are necessary: emergency and ad-hoc payments, including bill pay.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

The Fintech Times

NOVEMBER 18, 2024

The new solution, Volante Payments Intelligence, enables banks to better understand their payment operations, simplifying decision-making while improving business performance. It leverages historical and real-time payment data to help banks strategically plan, optimise operational efficiency, and accurately track performance.

ISO 20022 64

ISO 20022 Technology Real Time Payments ISOs 64

Fintech Finance

MARCH 7, 2025

Chile and Colombia remain credit card-dominated, but alternative payments are expanding. Alternative Payments and Cryptocurrency Surge Credit and debit cards made up over 60% of transactions in 2023, but alternative methods are rising. Real-time payments, A2A transfers, and digital wallets offer faster, lower-cost options.

Digital Payments 96

Digital Payments Payments Debit Card Online and Mobile Banking 96

PYMNTS

JUNE 3, 2020

Global financial settlement network EMQ recently unveiled a new solution to help ease these payments by leveraging bank APIs to connect with payment service providers. EMQ partnered with Bank Indonesia to develop the solution and is targeting businesses with particularly high cross-border transaction volumes.

Real Time Payments 75

Real Time Payments API B2B MFA 75

PYMNTS

JUNE 24, 2019

Everyone seems to want faster payments — from gig workers to B2B suppliers to parents splitting expenses — but with not all major financial institutions on board, real-time payments stand at lower chance for mass adoption. The demand for faster payments is strong in the U.S., transaction accounts.

Real Time Payments 65

Real Time Payments RTP Faster Payments Payments 65

Fintech Finance

JANUARY 16, 2025

Guavapay’s flagship products, MyGuava (B2C) and MyGuava Business (B2B) payment apps offer users to open accounts in over 20 currencies, including GBP, USD, and EUR. With these accounts, users can send local and international real-time payments at competitive fees.

Innovation 98

Innovation Technology Multi-Currency Payment APIs and Integration 98

PYMNTS

JUNE 19, 2017

Real-time payments. Really, this time. In our latest Topic TBD, Cheryl Gurz, global head of payments offering and product strategy at CGI, told Karen Webster that faster payments is an idea whose time has come, and has been coming. The stage is set. For years. “I

Real Time Payments 64

Real Time Payments Faster Payments ACH Same Day ACH 64

Fintech News

JANUARY 26, 2025

In 2025, UPI is expected to become an omnipresent network, transforming connected devices into potential payment endpoints through messaging platforms like WhatsApp. Real-Time Payments Bridging Asia Pacific Borders Real-time and cross-border payments are becoming a reality, thanks to regional collaborations and technological advancements.

Payments Trends 123

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 123

Bank Automation

JULY 10, 2024

Demand for real-time payments continues to grow globally, and the launch of the Federal Reserve’s real-time payments rail, FedNow, one year ago offers another avenue to send and receive funds instantly. Real-time transactions are predicted to reach 575.1

FedNow 83

FedNow Volume Real Time Payments Payments 83

Fintech News

JANUARY 21, 2025

Furthermore, Abbot notes that only 100 million of the 360-375 million UPI users are responsible for the majority of payment volume (65%). This suggests that users have most likely already chosen their payment app of choice, an entrenched behavior which makes capturing market share a notable challenge.

Caps 118

Caps Digital Payments AI Debit Card 118

Fintech Finance

JANUARY 22, 2025

It combines real-time fiat payment rails with blockchain-powered stablecoin rails, addressing inefficiencies in global payments and trade. Since its launch just 12 weeks ago, the platform has already processed $12 million in Total Payment Volume (TPV), demonstrating rapid market adoption.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Stablecoins Payments 98

Payments Source

JUNE 2, 2020

DBS Bank India is offering a real-time digital payment service for truck drivers and supply chain companies that generally have round-the-clock operations and large transaction volume to cover employee expenses.

Real Time Payments 75

Real Time Payments Volume Payments Digital Payments 75

Bank Automation

JANUARY 30, 2025

Business clients are demanding instant payment services from their financial services providers as they look to streamline payment processes.

RTP 59

RTP FedNow Federal Reserve Instant Payments 59

PYMNTS

APRIL 3, 2020

According to the release, Sweden is one of Europe’s most advanced European countries when it comes to instant payments usage, with large daily volumes. Today, the average number of daily instant payments is 1.5 ECB President Christine Lagarde said cooperation of the central bank community in Europe “works effectively.”.

Real Time Payments 75

Real Time Payments Central Bank Instant Payments Agreements 75

PYMNTS

AUGUST 31, 2020

With estimates that over 500 billion real-time payments will be processed over the next five years, the race is on for upgrades and integrations that allow financial institutions (FIs) and their clients to participate in a real-time payments space that is expected to reach nearly 53 billion real-time payment transactions by 2024.

Real Time Payments 135

Real Time Payments Online and Mobile Banking Correspondent Bank SWIFT 135

The Payments Association

MARCH 19, 2025

The payments landscape is evolving with digital assets, real-time transactions, and new regulationsbusinesses must adapt to stay efficient and compliant. The payments industry is undergoing a profound transformation.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

The Fintech Times

JULY 31, 2024

The RBI report highlights that India is leading the way when it comes to real-time payments, boasting a share of 48.5 per cent of the global real-time payments volume. billion transactions in 2019 to 131 billion transactions in 2023 – 80 per cent of all digital payment volumes.

Real Time Payments 59

Real Time Payments Cross-Border Volume Financial Inclusion 59

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

Bank Automation

NOVEMBER 29, 2024

The Clearing House’s Real Time Payments network is seeing growth in adoption and transaction volume as consumers, small- and medium-sized businesses and large enterprises demand instant payment capabilities.

Instant Payments 52

Instant Payments Real Time Payments Payments Payment Networks 52

Fintech Finance

MAY 7, 2025

TrueLayer , Europe’s fastest growing payments network, has announced its biggest month ever, processing over $10 billion in total payment volume (TPV) in April – equivalent to more than $100 billion on an annualised basis. “ This isn’t just about volume. It’s about velocity.

Process 59

Process Real Time Payments Payment Networks On-Demand 59

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

The Fintech Times

MAY 1, 2024

ACI Worldwide , the payments system company, and GlobalData , the data and analytics firm have worked together on a new report revealing which real-time payments markets across the world are the most successful. The report is aptly timed as global real-time payments growth has reached sustainable levels with 266.2

Real Time Payments 59

Real Time Payments APACS Cross-Border Cross-Border Payments 59

Clearly Payments

DECEMBER 19, 2024

Global Digital Payment Volume Passes $10 Trillion in a Year! The global volume of digital payments will reach over $10 trillion by the end of 2024, a sharp increase from $8.3 This explosive growth is fueled by the rapid adoption of e-commerce, contactless payments , and fintech innovations. trillion in 2023.

BNPL 105

BNPL Contactless Payments Processors Payments 105

PYMNTS

SEPTEMBER 29, 2020

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.

Instant Payments 129

Instant Payments B2B Innovation ISO 20022 129