Real-Time Payments Will Get Real In The U.S. In 2019
Tom Groenfeldt
MARCH 5, 2019
Real-time payments aren't just faster, they make demands on bank infrastructure and fraud detection.
Citizens Bank Will Launch Real-Time Payments For Commercial Accounts in 2019
Tom Groenfeldt
NOVEMBER 6, 2018
Citizens Bank, an owner bank of TCH, will begin faster payments on its commercial accounts in 2019.
Paychex Wades Into Wearables, Real-Time Payments
PYMNTS
OCTOBER 14, 2019
Payroll and human resource management solution provider Paychex has unveiled a range of new solutions and services at the 2019 HR Technology Conference & Exposition event late last month. The tool allows Paychex Flex Time users to clock in and out, take breaks and track meals through permission-based GPS location tracking.
Congress Presses Fed On Real-Time Payments Plan
PYMNTS
SEPTEMBER 27, 2019
The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. payments ecosystem. Competition and Interoperability.
Citizens Bank’s Corporate Real-Time Payments Play
PYMNTS
JANUARY 25, 2019
As they work to achieve this, more companies are ditching paper-based methods and embracing digital solutions that streamline payments and reconciliations. Some financial institutions (FIs) are seeking to help their corporate clients tap into real-time payments (RTP) to keep up the pace. . “We
Real-Time Payments’ Real-Time Achilles Heel
PYMNTS
JUNE 3, 2020
For this month’s Feature Story, PYMNTS spoke with Tino Kam, head of transaction banking at Finland-based Nordea Bank , and Ulrika Claesson, the bank’s commercial business developer for open banking, about how the need for real-time payments has necessitated equally fast security measures before stolen funds are lost forever.
Real-Time Payments Have Numerous Real-World Applications
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.
Guavapay’s Transforming All Things Payments with Technology Innovation
Fintech Finance
JANUARY 16, 2025
With these accounts, users can send local and international real-time payments at competitive fees. Guavapay provides integrated financial solutions including cross-border and mass payment solutions, enabling customers to send money via SWIFT, SEPA, BACS, CHAPS and Faster Payments.
Innovation 
98
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Instant Payments Mean Real-Time Payments Fraud
FICO
JUNE 26, 2018
In the past year, three major economies — the Eurozone, the USA and Australia — have gone live with real-time payments schemes, Canada will follow in 2019 and many other countries are on the road to implementing real-time schemes. Real-Time Payments Equal Real-Time Crime.
Bottomline Teams With Starling Bank On Real-Time Payments
PYMNTS
JUNE 17, 2019
In a new partnership, Bottomline Technologies is teaming up with Starling Bank on a Real Time Payments Express Service. The offering will enable corporates and banks to send and receive as well as monitor payments to any U.K. bank account in real time, Crowdfund Insider reported. Those revenues hit $75.5
Signature Bank Launches Blockchain Real-Time Payments For Corporates
PYMNTS
DECEMBER 5, 2018
New York-based Signature Bank is rolling out a digital payments platform powered by blockchain that enables real-time payments for corporate customers. 4) the launch of its payments platform, Signet, to provide digital payment services for corporate customers. Shay in a statement.
Is 2025 Finally the Year for Open Finance in Southeast Asia?
Fintech News
JANUARY 21, 2025
Initiatives such as ASEAN payment connectivity between Thailand, Singapore, Malaysia, Indonesia and the Philippines, are enhancing economic integration and fostering regional trade by linking real-time payment systems.
Real-Time Payments: What’s Ahead, and How to Fight Fraud
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.
India Emerges as a Global Leader in Real-Time Payments and Digitalisation, Reveals New RBI Report
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, Mastercard And Visa Deals Dominate This Week’s News
PYMNTS
MAY 10, 2019
The payments company said that before the deal, Visa-enabled payments could only be sent to and from other Visa cards. Is Real-Time Payments a Threat to Credit Cards? Faster, faster, faster – that’s the motto driving so much of payments innovation today. Now you know what payments innovation is like in 2019.
Fraud & Payments Predictions 2019: Go Cashless – with Care
FICO
DECEMBER 19, 2018
My wallet headed into 2019 is about 1/10 th the size it was at the start of the year. My 2019 prediction is that my newly trimmer wallet will be even thinner by next December. I’m predicting that I, along with millions of other consumers, will go cashless in 2019. Most vendors now prefer to accept payment via phone.
Payments 80
80 
Real-Time Payments Survey Reveals Growth in Usage - and Scams
FICO
APRIL 20, 2023
According to FICO’s latest survey of consumers from 14 countries around the globe, 90% of all consumers have sent a real-time payment, and at least 95% of consumers have used real-time payments in India , Indonesia , the Philippines , and Brazil.
Report: Paychex Gives Traditional Payroll Cycle A Real-Time Makeover
PYMNTS
NOVEMBER 25, 2020
Slow payments have long frustrated businesses and consumers, forcing the former to readjust their timelines as they await funds and prompting the latter to put off purchases as they watch for transactions to finalize. Around The Real-Time Payments Space. Bank, representing Elavon , explained in a recent PYMNTS interview.
Payroll 104
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Advancing The Adoption Of Real-Time Payments
PYMNTS
JUNE 24, 2019
Major financial institutions (FIs) need to get on board with real-time payment systems for them to achieve widespread availability, while credit unions are finding friendly ground with FinTech firms. 82 percent: Share of businesses that say real-time payments resolve current payment challenges.
Global Bettors Demand Payment Choice, Speed, and Security in Play
Fintech Finance
JANUARY 20, 2025
Looking ahead, players reveal a strong appetite for real-time payments, with 73% expecting this to become the norm at sportsbooks within two years. About the 2025 All the Ways Players Pay Research Report Paysafe launched its All the Ways Players Pay research report series in 2019.
Security 98
98 
HSBC Now Lets Businesses Send Real-Time Payments
PYMNTS
NOVEMBER 18, 2019
HSBC Bank has launched real-time payments capabilities on the RTP network that gives businesses the ability to pay and be paid immediately, the company said in a press release Monday (Nov. Since July 2019, businesses have been able to receive real-time payments. demand deposit accounts.
A Perfect Storm Of Demand For Real-Time Payments — But Challenges Remain
PYMNTS
JULY 16, 2019
Now, now, now — that’s the chorus coming from consumers, merchants and other companies when it comes payments, and that demand is fueling progress in real-time payments. It is not only one of the major trends for 2019 but promises to take on increased importance in 2020 and beyond. New RTP Rails. RTP Security.
MoneyGram Teams With Visa Direct, Checkout.com To Advance P2P Payments
PYMNTS
JANUARY 22, 2021
"Our strategic partnerships have enabled MoneyGram to create the world's leading network, and this expansion is another milestone on our journey to lead the evolution of digital P2P payments," Alex Holmes, MoneyGram chairman and CEO, said in a press release on Friday (Jan. using Visa Direct. MoneyGram is in favor of a proposal by U.S.
P2P 107
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Fiserv On Why 2020 Is ‘The Year Of P2P’
PYMNTS
MARCH 10, 2020
Will this be the year that real-time payments — and, especially, peer-to-peer (P2P) — reach critical mass in the United States? Along with greater participation from these FIs, the number of people sending money using Zelle was up 116 percent, and transactions increased by 207 percent in 2019 as compared to the previous year.
P2P 92
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12 Ways Consumers Will Pay (And Be Paid) In 2019 And Beyond
PYMNTS
DECEMBER 24, 2018
But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019. 6: With Person-To-Person Mobile Tech.
Consumer 83
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Mastercard Buys Nets For $3.19B
PYMNTS
AUGUST 6, 2019
would be the latest nation to develop and launch a nationally available real-time payments system. The system, which will be called FedNow, is designed to bring real-time payments capability to the market as a whole, and pick up the pace of money flows nationwide (and beyond).
Visa 87
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US Reps, Senators Present Faster Payments Legislation
PYMNTS
JULY 24, 2019
To reinforce the Federal Reserve’s authority to create a real-time payments system and mandate that the Fed brings about its own process, two U.S. senators have introduced the Payment Modernization Act of 2019. representatives and two U.S.
52 Monday Conversations About Payments In 2019
PYMNTS
DECEMBER 30, 2019
Now in its third annual edition, 52 Mondays 2019 showcases those columns. They are presented in the order published — giving you, more or less, a mini payments and commerce time capsule for 2019. And, as always, happy Monday.
Payments 53
53 
Guavapay Attributes Global Growth in 2024 to Customer-Centric Technology Innovation
The Fintech Times
JANUARY 17, 2025
With these accounts, users can send local and international real-time payments at competitive fees. Guavapay provides integrated financial solutions including cross-border and mass payment solutions, enabling customers to send money via SWIFT, SEPA, BACS, CHAPS and Faster Payments.
Innovation 59
59 
Top 5 Customer Development Posts of 2019: AI and Additional Data
FICO
JANUARY 6, 2020
Here are the 5 customer development posts from 2019 with the most views on the FICO Blog. Consumer Banking Predictions 2019: Four Trends to Watch. In 2019, it will become increasingly clear that these transformation projects require more than just new technology, they also require significant organizational changes.”. .
Posting 52
52 
India’s Digital Banking Revolution Fueled by Innovation, Regulatory Support and Advanced Digital Infrastructure
Fintech News
OCTOBER 10, 2024
It offers a suite of financial management tools that integrate with a company’s existing systems to simplify tasks such as payroll, vendor payments, and tax payments, and claims over 45,000 business customers. Fi Money, founded in 2019, targets tech-savvy individuals seeking smarter ways to manage their finances.
From BNPL to RTP, The Year In Payments Ends On Digital-First Note
PYMNTS
DECEMBER 24, 2020
As the year closes, PYMNTS calls out six payment methods that gained traction and attention, including a take from key executives in each category. If there was a defining trend for payments in 2020, or a trend that gained the most traction compared to 2019, it was buy now, pay later (BNPL). Real-Time Payments.
RTP 104
104 
The Treasurers’ Guide To Simplifying Cross-Border Payments
PYMNTS
SEPTEMBER 9, 2019
Legacy payment cannot meet all five of these requirements — but real-time payments solutions can. The Simplifying Cross-Border Payments Playbook details how payments providers around the globe are tackling this ubiquity problem to bring the benefits of real-time payments to the cross-border payments ecosystem.
Payments Canada Appoints Susan Hawkins as President and CEO
Fintech Finance
JUNE 27, 2024
In her position, Hawkins also played a pivotal role in building and commercializing a real-time payments solution. Throughout her career, Hawkins also held executive roles with Fidelity Global Information Services and Metavante Payment Solutions.
Readying For Real-Time, All The Time
PYMNTS
NOVEMBER 30, 2020
When people began experiencing the joy of instant peer-to-peer (P2P) payments a few short years ago, the genie was out of the bottle. Now, the major real-time payments (RTP) players are ready to push the button on real-time, all the time, redefining fast money and revolutionizing multiple aspects of the commercial biome.
Mastercard: Why Nordic Countries Could Fuel RTP Push
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.
RTP 68
68 
Can Nepal Continue Building Fintech Foundations to Support Economic Development and Growth?
The Fintech Times
NOVEMBER 4, 2024
In 2014, Nepal’s central bank, Nepal Rastra Bank , introduced its ‘ National Payment Systems Development Strategy ’ (NPSDS) with a vision to modernise the payment system and develop a secure, robust and efficient payment system. UPI will function for Nepali users like it does for Indians in India.
Continuity 59
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Deep Dive: How The Pandemic Is Giving Treasurers An Instant Payments Jolt
PYMNTS
OCTOBER 16, 2020
The pandemic appears to be pushing many toward other methods, however, with studies revealing a rising number of companies reporting interest in real-time or instant payment methods. Interest in the Real-Time Payments (RTP) system from The Clearing House (TCH) is growing in the U.S., billion in 2016.
Ripple Powers X-Border Corporate Payments For UAE Bank
PYMNTS
MARCH 3, 2020
As part of a broader effort to bring the newest innovations to its operations, the National Bank of Fujairah PJSC (NBF) has teamed with blockchain firm Ripple to enable cross-border payments via the RippleNet platform. In 2019, news surfaced that PNC Bank had started to utilize RippleNet to facilitate cross-border transactions.
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The Clearing House’s Strategies To Drive RTP Uptake
PYMNTS
MARCH 9, 2020
Payment scheme providers must consider how to encourage adoption, especially if operating in countries lacking a government mandate for financial institutions (FIs) to sign on. Banking association and payments company The Clearing House (TCH) has been confronting such concerns as it advances its real-time payment ( RTP ) offering in the U.S.,
RTP 81
81 
SWIFT Signals Further Openness To Blockchain?
PYMNTS
MARCH 14, 2019
Elsewhere, Forbes said, per an interview with Craig Ramsey, head of real-time payments (RTP) at ACI Worldwide, that 2019 will see “significant” strides in real-time payments. The year] 2019 is about Request For Payment (RFP).
SWIFT 74
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What ATMs And Open Source Have To Do With Payments Innovation
PYMNTS
MARCH 7, 2019
It might be the case that 2019 takes shape as a watershed year for payments regulation, marked by PSD2 and GDPR. Stakeholders in the financial services and payments arenas are navigating new rules about how data is collected, stored and shared. It should come as no surprise that real-time payments remain a focal point.
ATM 77
77 
Cross-Border Payments, With Speed And Security In Mind
PYMNTS
SEPTEMBER 10, 2019
These include security and grappling with legacy systems in the embrace of real-time payments. 57: Number of real-time payments schemes operating worldwide in 2019. 72: Number of countries across which payment schemes operate in 2019.
Carl Slabicki Named Chairperson of U.S. Faster Payments Council Board of Directors
Fintech Finance
JULY 24, 2024
Carl succeeds Michael Bilski, CEO of North American Banking Company, who has served as Board Chairperson since 2019. In his role at BNY, he is responsible for the Treasury Services commercial platform, delivering Payments, Trade & Cash Management solutions to clients globally.
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