PYMNTS

MAY 6, 2019

Faster, faster, faster — that’s the motto driving so much of payments innovation today. Real-time payments offers promise for both small and medium-sized businesses (SMBs) and consumers. Cross-Border Payments.

Real Time Payments 80

Real Time Payments Credit Cards Cross-Border Payments Cross-Border 80

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

Fintech Finance

NOVEMBER 4, 2024

Wise, the global technology company building the best way to move and manage the world’s money has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can also directly settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus.

Instant Payments 98

Instant Payments Settlement Accounts Cross-Border Payments 98

Clearly Payments

OCTOBER 31, 2024

Growth : In regions such as Southeast Asia and Latin America, bank transfer payments have grown by 20% annually due to increasing banking access. Faster Payments (U.K.), and similar systems in Europe, Asia, and Latin America, making 24/7 payments accessible worldwide. PayID (Australia), and UPI (India).

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

Payments Source

MARCH 1, 2020

For real-time payments, there are national schemes to help drive adoption and enhance consumer convenience, according to Standard Chartered's Tarek Elyafi and Shantanu Vijaykumar Bhosale.

Real Time Payments 122

Real Time Payments Governance Government Payments 122

PYMNTS

MAY 20, 2020

Accomplishing this task poses a unique set of challenges, however, particularly when it comes to real-time payments. The 27 EU member states have their own financial systems, and many have also implemented their own domestic real-time payments rails. The Past and Future of EU Real-Time Payments.

Real Time Payments 84

Real Time Payments Cross-Border Cross-Border Payments Central Bank 84

Fintech Finance

JULY 24, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, is pleased to announce that Carl Slabicki, Executive Platform Owner of Treasury Services at BNY, has been named the new Chairperson of the FPC Board of Directors.

Faster Payments 97

Faster Payments FPC FedNow RTP 97

PYMNTS

NOVEMBER 14, 2018

Corporate finance executives seem to be readying for real-time payments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management strategies as a result. This adoption curve is likely to repeat itself in a real-time payments environment, the report predicted.

Real Time Payments 78

Real Time Payments Real Time Gross Settlement (RTGS) Liquidity Management Same Day ACH 78

Payments Source

DECEMBER 2, 2020

After tests with several banks that established Swift's ability to connect its Global Payments Initiative faster payments rail to domestic networks, the financial and messaging standards organization is activating the service in the U.K.

Cross-Border Payments 116

Cross-Border Payments SWIFT Cross-Border Message Standards 116

Fintech Finance

DECEMBER 13, 2023

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published the Real-Time Payment Application Program Interfaces (APIs) report in its Faster Payments Knowledge Center. The post U.S.

Real Time Payments 52

Real Time Payments Faster Payments API FPC 52

Faster Payments Council

JUNE 28, 2021

And while we are making significant progress towards creating a faster, digital payments experience for domestic transactions – with real-time payment growth expected to increase from 734 million in 2019 to 4.2 billion by 2024 – cross-border faster payments is an area that still needs some work.

Cross-Border 68

Cross-Border Faster Payments Cross-Border Payments FPC 68

PYMNTS

SEPTEMBER 21, 2016

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. What’s Under The Faster Payments Umbrella?

Faster Payments 76

Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

JULY 26, 2019

The modern-day financial services landscape has a need for speed, and one of the slowest areas of the market can be seen in cross-border payments. Remittance and peer-to-peer payment technologies have accelerated transaction speeds for consumers tired of waiting days for money to move across borders.

Cross-Border Payments 64

Cross-Border Payments Cross-Border Innovation Correspondent Bank 64

The Fintech Times

NOVEMBER 5, 2024

Wise , the fintech focused on money transfer, has been granted direct access to the Philippines’ real-time payment system, InstaPay, enabling it to enhance the cross-border payment experience for around 13 million of its customers.

Real Time Payments 59

Real Time Payments Cross-Border Payments Cross-Border Correspondent Bank 59

PYMNTS

FEBRUARY 21, 2019

Separately, in terms of individual company news, and also in Europe, EastNets and Bankingblocks said they have teamed up to present modular “banking blocks” aimed at faster cross-border payments. Faster Payments In Asia.

Cross-Border 76

Cross-Border Cross-Border Payments Real Time Gross Settlement (RTGS) Rules 76

Payments Source

SEPTEMBER 23, 2019

Two months after a successful test to connect banks using the Global Payments Innovation service to faster payments rails in Singapore, Swift is launching a new service to connect with other domestic real-time payments systems.

Faster Payments 79

Faster Payments SWIFT Real Time Payments Payments 79

PYMNTS

JANUARY 24, 2018

Australia is the next jurisdiction to embrace payments speed, with the country preparing for the rollout of its New Payments Platform (NPP), a real-time payments infrastructure, in the coming months. The NPP’s official website highlights four key goals of the faster payments effort. In the U.S.,

Real Time Payments 49

Real Time Payments Faster Payments Cross-Border Payments Remittance Data 49

Faster Payments Council

AUGUST 23, 2024

The Fall Member Meeting is set to gather FPC members for two days of insightful presentations, dynamic panel discussions with industry experts, timely roundtables, and valuable networking opportunities. Dive into the latest trends and challenges in faster payments, and connect with peers and leaders in the field.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

PYMNTS

APRIL 29, 2019

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. A London-based manufacturer can’t rely on the U.K.’s Current Efforts .

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 77

PYMNTS

MARCH 23, 2020

These workers will likely still expect fast payments regardless of the markets in which their employers are based. Facilitating cross-border payments can be problematic for businesses and their partner banks, especially as real-time payment platforms become more popular.

Cross-Border Payments 61

Cross-Border Payments Cross-Border Wire Transfer Wires 61

PYMNTS

MAY 13, 2020

But even in a post-pandemic world, cross-border payments should not come with friction that holds up trade, and according to Perplies, the collaboration with Flywire could ease the global financial services market toward a future in which cross-border transactions that settle within a few hours — not days — are the norm.

Cross-Border 81

Cross-Border Cross-Border Payments Facilitators B2B 81

PYMNTS

DECEMBER 23, 2020

Late payments can also be financially devastating to freelancers during the ongoing health crisis — and to businesses finding it challenging to balance their own cash flows while juggling delays in payments — even though the pandemic is expected to boost gig economy participation. Freelance Flexibility And Cross-border Payments.

Cross-Border Payments 108

Cross-Border Payments Cross-Border Wire Transfer Wires 108

PYMNTS

OCTOBER 13, 2016

Dion Global Solutions announced this week the release of Real Time Payment Engine (RTPE), a tool to support real-time payments while remaining compliant with European regulations. The company cited the European Payment Services Directive, ready to take effect in 2018.

Real Time Payments 53

Real Time Payments ISO 20022 Cross-Border Cross-Border Payments 53

PYMNTS

DECEMBER 15, 2020

In this regard, payment networks, payment rails and financial institution (FI) infrastructures can all collaborate together to adapt to emerging use cases, including the need to move data along with money. Scotiabank Launches Real-Time Payments For Businesses. Fabrick, Nets Collaborate On Instant Payments.

Innovation 94

Innovation Cross-Border Payments Cross-Border Real Time Payments 94

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

Payroll Real Time Payments P2P Zelle 104

PYMNTS

NOVEMBER 6, 2018

. Last year, only 25 real-time payment systems were operational worldwide — that number is growing rapidly. Demand is also heating up for real-time gross settlement (RTGS) systems. In the November Faster Payments Tracker , PYMNTS details the latest payments system debuts and updates.

Faster Payments 53

Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

Payments Source

JANUARY 10, 2020

Fintech bank and payment services provider LHV is now providing real-time payments in the U.K. through the country's Faster Payments scheme, allowing it to handle U.K. currency in addition to euro payments in the Single Euro Payment Area through SEPA Instant.

Faster Payments 68

Faster Payments Real Time Payments FinTech Payments 68

PYMNTS

AUGUST 16, 2019

Corporate leaders want cross-border systems to deliver that same level of responsiveness. The cross-border payment space is ready — and perhaps overdue — for disruption. Change is being fueled by shifting regulations and emerging digital technologies that enable faster payment capabilities.

Cross-Border Payments 54

Cross-Border Payments Cross-Border ISO 20022 Interoperability 54

PYMNTS

JANUARY 31, 2019

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S.

Faster Payments 73

Faster Payments Money Laundering Same Day ACH AML 73

PYMNTS

JULY 24, 2020

Speaking with PYMNTS, UNFCU Vice President, Enterprise Applications & Services Bill Thomas explored the opportunity for CUs everywhere to wield their experience as collaborative entities to support the broader finserv landscape’s own efforts to drive progress in areas like cross-border and faster payments.

Credit Union 80

Credit Union Cross-Border Payments Cross-Border Innovation 80

Faster Payments Council

MARCH 15, 2023

The Spring Member Meeting will bring together FPC members for two days filled with presentations on the most pressing issues in faster payments, panel discussions with industry experts, roundtables on timely topics, and engaging networking opportunities. Join our panel discussion on the real-time payments revolution.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

PYMNTS

OCTOBER 24, 2019

Cross-border payments still present challenges , but the landscape is changing rapidly. . Swift recently announced that its gpi service can integrate with domestic real-time systems to facilitate rapid cross-border transactions. Traditionally, most cross-border payments are made through Swift.

Cross-Border Payments 42

Cross-Border Payments Cross-Border B2B FedNow 42

PYMNTS

AUGUST 30, 2020

“With the NXTsoft OmniConnect Marketplace, we are set to reshape the way financial institutions engage with digital banking technology providers to deliver on the growing demand for contactless and real-time payment solutions,” he said, according to the release.

Credit Union 109

Credit Union Credit Union Service Organization Treasury Management Cross-Border Payments 109

PYMNTS

MARCH 14, 2018

Banks across the Association of Southeast Asian Nations (ASEAN) region expect real-time payments to come with some major benefits to their businesses, according to new analysis from ACI Worldwide and Ovum. More than three-quarters expect faster payments to save them money.

Real Time Payments 44

Real Time Payments Cross-Border API Cross-Border Payments 44

PYMNTS

AUGUST 1, 2019

The second is network interoperability, in which one payment scheme negotiates exchange agreements with another. This type of interoperability is almost exclusively used for cross-border payments, allowing consumers to make credit card purchases in countries with domestic currencies different from their own.

Cross-Border Payments 43

Cross-Border Payments Cross-Border Interoperability Electronic Funds Transfer (EFT) 43

PYMNTS

APRIL 26, 2019

Any number of platforms and rails are striving toward getting fund flows to be real-time or instant – and, of course, safer and more transparent. Data: 75 Percent: Share of consumers who say they prefer faster payments. 85 Percent: Share of gig economy workers who would work more often if they could get paid faster.

Faster Payments 60

Faster Payments Same Day ACH TCH Federal Reserve 60

PYMNTS

APRIL 20, 2018

SwapsTech has completed the development of its faster payments solution to help financial institutions link into real-time payment capabilities. The company announced news on Thursday (April 19) that its Payment Galaxy tool is one step closer to being available for banks.

Real Time Payments 40

Real Time Payments TCH RTP FedWire 40