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

Broadridge Launches Instant Payments Service, Aligned with New EU Regulations

Fintech Finance

Broadridge’s Instant Payments Service utilises the Swift Alliance Gateway Instant (AGI), which offers a highly resilient infrastructure designed specifically to support instant payments messages, connecting with SwiftNet Instant to offer 24/7 availability and continuous and efficient exchange of instant transactions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Modern Treasury Drives Growth of Instant Payments with Leading Banks

Fintech Finance

Instant payments use the FedNow service, developed and launched by the Federal Reserve in July 2023, and the RTP® network, launched in 2017 by The Clearing House. So far, over 1,000 banks and credit unions have signed on with either the RTP or FedNow networks, or both, and instant payment volume continues to grow.

article thumbnail

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

Fintech Finance

This breakthrough enables payment processors, retailers, and merchants to drastically reduce payment processing costs and boost customer loyalty with closed-loop wallet apps by integrating real-time payments over The Clearing House’s RTP and FedNow network rails from the largest banks in the US.

RTP 98
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

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

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

PYMNTS

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 infrastructure is there for faster payments, and eventually, real-time payments done globally. The Corporate Case.