article thumbnail

Past Lessons May Prove Invaluable For US Real-Time Payments Rollout

PYMNTS

Real-time payments initiatives are under way all across the globe, but there is little consistency across jurisdictions regarding how the financial services sector takes on the initiative or where each market is at in terms of progress in achieving real-time payments capabilities. In the U.S., In the U.S.,

article thumbnail

SWIFT Signals Further Openness To Blockchain?

PYMNTS

The combination of scalability and flexibility that ACI’s UP Retail Payments solution offers will not only support that growth, but also ensure we’re future-proofing our payments environment,” said Japie Britz, systems development manager for card processing at Capitec.

SWIFT 74
article thumbnail

FPC 2023 Fall Member Meeting

Faster Payments Council

(Foundry Ballroom) Payment networks need volume to scale and keep costs low. Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. Thise session envisions the art of the possible for commerce use cases in the U.S.

FPC 88
article thumbnail

Breaking Down The Faster Payments Construct

PYMNTS

This week, Karen Webster was joined again by NACHA President and CEO Jan Estep to discuss the relationship between Same Day ACH and other faster payments initiatives — namely, real-time payments and blockchain. What’s Under The Faster Payments Umbrella? Both are about moving payments faster than they are today.”.

article thumbnail

FPC 2022 Fall Member Meeting

Faster Payments Council

Speakers: Barry Tooker, TransactionBanker.com; Jim Cunha, Federal Reserve Bank of Boston; Andrew Haskell, BNY Mellon; Rodman Reef, Reef Carson Consulting 10:45am-11:25amCT: Concurrent Breakout Session – Real-Time Payment APIs, Global Market Practices, and Lessons Learned for the U.S.

FPC 88
article thumbnail

US Finds Its Faster Payments Future

PYMNTS

It needs to not be based on a debit pull, but instead, it’s a credit push transaction, so all transactions must be initiated by the sender.”. Around the Faster Payments world. Canada and Europe found 90 percent of respondents are mulling blockchain technology for payments. A survey of 10 commercial banks from the U.S.,

article thumbnail

GIACT On Why Faster Payments Don’t Have To Mean Faster Fraud

PYMNTS

For all the buzz about the advent of real-time payments, and the various opportunities it can reportedly unlock, the lingering uneasiness is that speed also brings the potential for more fraud. That fear, according to David Barnhardt, EVP of product at fraud prevention firm GIACT , is not unwarranted or unreasonable.