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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Popular Examples : Interac e-Transfer (Canada) , Zelle (U.S.), Usage : RTP systems are growing rapidly; India’s UPI processed 74 billion transactions in 2023, while Zelle in the U.S. Faster Payments (U.K.), PayID (Australia), and UPI (India). handled $1.6 Cost : RTP services are low-cost or free for consumers, typically around $0.50

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Tensec raises $12M to boost growth

Payments Dive

Tensec, like other cross-border fintechs, says it’s “ targeting the massive cross-border payments infrastructure that still runs on 40-year-old SWIFT technology.” “We’re flipping the model by empowering global trading companies to deliver these services directly to their partners—making global commerce faster, cheaper and more accessible.”

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Bank Groups Call for Swift, Secure Transition as Treasury Phases Out Paper Checks

Fintech Finance

Expand the government’s use of existing secure electronic payment platforms, such as The Clearing House’s ACH service (the EPN® network) and Early Warning Service’s Disbursements with Zelle®, and other modern payment solutions, which are both secure and user-friendly.

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Stablecoins emerge as alternative: Amex CEO

Payments Dive

While he stressed that the digital assets will likely never fully displace rails such as the Automated Clearing House and Swift, the passage of the Genius Act – which provides a federal regulatory framework for stablecoins – means that companies like Amex will take a close look at cryptocurrencies and how to use them, he said. “Are

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Connected Devices, Instant Payments, Digital Shift Top This Week’s News

PYMNTS

How Visa, FIS, TCH, SWIFT, Nacha And Circle See The Future Of Faster, Real-Time Payments Rails . Zelle: The Role Of AI In Stopping COVID-Related P2P Payment Scams . More consumers than in the past say they plan to keep shopping online because merchants’ digital capabilities work better than they did in the past.

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Payment Trends In The United States For 2024

Clearly Payments

payment landscape: Real-time Payments: Services like Zelle and The Clearing House RTP system are gaining traction for their swift and convenient fund transfers. Additional Emerging Payment Trends in 2024 Beyond these focal trends, several additional developments are shaping the U.S.

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Volante Enhances Corporate Payments-As-A-Service For FIs

PYMNTS

ACH, Same Day ACH, Zelle, RCH RTP clearing and settlement, and SWIFT cross-border payments are all supported under the solution. “With the increasing popularity of Software-as-a-Service models in financial services, this is an ideal time for U.S.