PYMNTS

APRIL 22, 2019

Corporate payments still don’t have a clear role in driving the adoption of faster payment technologies and systems in the U.S. Still, others have said that B2B payments should be largely left out of the faster payments conversation. “Our [payment] systems are looking at 24/7/365 solutions.

Faster Payments 63

Faster Payments Center for Payments Real Time Payments Payments 63

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

JUNE 8, 2016

Each year, for the past three years, financial services firm FIS publishes its Flavors of Fast report, an examination of various faster payments initiatives. The report looks at 28 real-time payments initiatives currently in the works throughout the globe.

Real Time Payments 40

Real Time Payments Faster Payments Payments Payment Initiation 40

PYMNTS

FEBRUARY 13, 2018

Three of Australia’s four largest banks have rolled out real-time payments capabilities as the government launches a widespread inquiry into the financial services sector. 13) local time said Commonwealth Bank, Westpac and National Australia Bank (NAB) have begun to offer their customers real-time payments services.

Real Time Payments 40

Real Time Payments Government Governance Faster Payments 40

PYMNTS

JUNE 27, 2019

New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. According to the latest PYMNTS Faster Payments Tracker , Same Day ACH volume has seen a 24 percent increase year over year between the first quarter of 2018 and the first quarter of 2019. In the U.S.,

Faster Payments 40

Faster Payments Risk Real Time Payments Fraud Detection 40

PYMNTS

NOVEMBER 28, 2016

was one of the first markets to truly push for faster payments with the launch of the Faster Payments Service , an initiative spearheaded by several government agencies and top banks. Several years later, the initiative has made big strides as other markets around the globe look to the U.K.

Faster Payments 54

Faster Payments Real Time Payments Payments Instant Payments 54

PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. still has faster payment lessons to learn.

Faster Payments 69

Faster Payments Same Day ACH ACH NACHA 69

PYMNTS

MAY 8, 2017

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.,

Real Time Payments 46

Real Time Payments ISO 20022 TCH ACH 46

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 12, 2017

Faster and real-time payments are generally considered a benefit for the consumer payments world. finally making inroads in its faster payments initiatives, it’s now time to see whether faster payments will make their way into the B2B sphere too. But with the U.S.

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

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

PYMNTS

FEBRUARY 7, 2017

You can test all you want, but for payments innovators, the true test only comes when a solution is released out into the real world. s Faster Payments initiative, there have already been some changes made to the service that looks to support real-time transacting. For the U.K.’s

Faster Payments 46

Faster Payments Technology Real Time Payments ISO 20022 46

PYMNTS

MAY 1, 2018

A new survey by ACI Worldwide and Ovum found evidence that financial institutions (FIs) are more willing to open up their data via API and are embracing real-time payments initiatives. They’re followed by 86 percent of banks in Asia and 82 percent of banks in the Americas.

API 71

API Faster Payments Real Time Payments Payments 71

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

JANUARY 27, 2017

Digital payments firm Dwolla is the latest to want in on the Federal Reserve Faster Payments initiative. 26) said the FinTech company is one of 19 to submit proposals on how to run part of the Fed’s real-time payments network. Reports by Forbes Thursday (Jan.

Faster Payments 40

Faster Payments Federal Reserve FinTech Fed 40

PYMNTS

MAY 3, 2017

NACHA may have assured some banks that Same Day ACH hasn’t led to an increase in payments fraud, but concerns remain widespread about how the initiative and other faster payments efforts will reduce the window of opportunity for FIs to detect and prevent an incident. Faster payments is especially prone.”.

Faster Payments 45

Faster Payments B2B Email Compromise Same Day ACH 45

PYMNTS

NOVEMBER 14, 2019

Faster Payments Shift the Landscape. Emerging payment technologies, namely, faster payment initiatives and services, are playing a significant role in not only enabling businesses and their payroll service providers to address global payroll friction, but also in transforming the payroll function at a broader level.

Payroll 50

Payroll Faster Payments Cross-Border Payments 50

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

PYMNTS

MAY 5, 2016

When The Clearing House (TCH), the payments firm owned by commercial banks, along with global software and services provider FIS, recently submitted their proposal to the Fed’s Faster Payments Task Force in order to evaluate their real-time payments system proposal, it signified a milestone along the path toward real-time payments.

Faster Payments 41

Faster Payments TCH Real Time Payments Payments 41

PYMNTS

NOVEMBER 17, 2017

Corporates aren’t that interested in real-time payments. At least, that’s according to a report from the EuroFinance Corporate Treasury Network published last month, which found less than half of corporate treasurers say having the ability to make a real-time payment is a priority.

Faster Payments 41

Faster Payments Payer Real Time Payments Payments 41

PYMNTS

AUGUST 16, 2016

Compass Plus , the electronic payments software company, announced on Monday (Aug. 15) that it has been certified as one of only five companies to gain aggregator accreditation for Faster Payments in the U.K. Faster Payments is a system that enables U.K

Accreditation 40

Accreditation Faster Payments Payments Small Business 40

PYMNTS

MAY 26, 2016

The Faster Payments initiative has made significant strides in the United Kingdom, so much so that the scheme has been held up as a model for other nations globally. The Faster Payments scheme has a goal of reaching every single consumer in the U.K.  Faster Payments scheme?

Faster Payments 40

Faster Payments Real Time Payments Payments Payment APIs and Integration 40

PYMNTS

MAY 4, 2016

In this month’s Faster Payments Tracker™ , powered by NACHA, payment providers, in efforts to keep up with modern behavior, are looking for new ways to streamline and quicken financial processing. Here’s a sneak peek: The ultimate goal, Waterhouse said, is ubiquity – namely, to make real-time payments mainstream. “We

Faster Payments 40

Faster Payments Same Day ACH NACHA ACH 40

PYMNTS

AUGUST 13, 2019

The faster payments landscape is changing rapidly, most recently with the U.S. Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. Around the Faster Payments World. The country’s central bank announced that the rail processed 5.1

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

APRIL 8, 2016

6, 2015, speaking at the Faster Payments Imperative, NACHA CEO Jan Estep emphasized the need to continue the dialogue about what the concept of faster payments really means. “We The payments industry as a whole is beginning to understand that faster payments actually means a number of different things.

Faster Payments 40

Faster Payments ACH Network Same Day ACH ACH 40

PYMNTS

JUNE 13, 2019

Demand is there, pent up, for greenfield opportunities to bring speed and digitization to payments across a range of use cases. As noted in the May Faster Payments Tracker , the global real-time payments market is expected to grow 30 percent between 2018 and 2025. Separately, Visa Direct debuted in the U.K.

Checks 66

Checks Real Time Payments Faster Payments B2C 66

PYMNTS

DECEMBER 12, 2019

Access to real-time payments (RTP) could resolve various headaches for businesses, as many do not want to face the uncertainties associated with late payment deliveries to suppliers and employees. Firms also crave access to precise, real-time financial information so they can better manage their liquidities.

API 52

API Payment APIs and Integration Real Time Payments B2B 52

PYMNTS

SEPTEMBER 28, 2016

VocaLink offers a solution for central infrastructures to manage the clearing of real-time payments according to the rules decided by a particular country or region. Faster Payments and the Singapore FAST schemes and is also being implemented in the U.S. The solution supports the central infrastructures of the U.K.

Payment Networks 74

Payment Networks Real Time Payments Faster Payments Payments 74

PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. As part of the pilot, he said, the Fed is currently working with financial institutions and processors to identify and design the mechanisms for that easy access.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

MARCH 7, 2018

From community banks to central banks, the need for faster payments is gripping financial institutions (FIs) of all shapes and sizes. FIs worldwide are making bold pushes to increase their payment speed, from Australia’s new real-time payments scheme to Saudi Arabia’s turn to blockchain. Over in the U.S.,

Same Day ACH 40

Same Day ACH Faster Payments Cross-Border Cross-Border Payments 40

PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. “The Secure Payments Task Force is particularly interested in understanding any barriers that may exist to implementing the planned solutions.”

Fed 77

Fed Secure Payments Task Force Security Federal Reserve 77

PYMNTS

MARCH 31, 2020

Faster Payments Council Names New Leadership. Faster Payments Council has named Reed Luhtanen as its new executive director. “I’m excited about the opportunity to lead the FPC and further its commitment to advancing the path to a faster payments future in the United States,” he said in a statement.

B2B 77

B2B Payroll Payments Cross-Border Payments 77

PYMNTS

DECEMBER 4, 2019

While firms like Diamante and SatoshiPay embrace blockchain, traditional players like Wells Fargo and HSBC are relying on RTP to accelerate corporate payments. HSBC Bank is introducing real-time payments capabilities to its corporate clients by connecting into the RTP network, allowing businesses to send and receive RTP payments.

B2B 52

B2B RTP Cross-Border FPC 52

PYMNTS

JUNE 8, 2016

PYMNTS has seen a pattern, at least anecdotally , when it comes to faster payments initiatives and corporates: Executives would rather have secure payments than faster payments, and they’re concerned that, as faster payments initiatives progress throughout the world, it gives the industry less time to identify and mitigate a security threat.

Faster Payments 40

Faster Payments Real Time Payments NACHA Payments 40

PYMNTS

MARCH 7, 2019

It should come as no surprise that real-time payments remain a focal point. We’ve had some success around the world helping real-time [payment] providers leverage our [open source] technology to launch new services and capabilities,” Feldmann said. Blockchain, Too.

ATM 77

ATM Innovation Real Time Payments Blockchain 77

PYMNTS

SEPTEMBER 2, 2019

Faster payment initiatives, a focus on application programming interfaces (APIs) and data integrations and efforts to elevate traditional B2B payment tools like ACH and commercial cards all made waves this summer. Faster Payments.

Commercial Card 74

Commercial Card Payment APIs and Integration Faster Payments ACH 74

PYMNTS

NOVEMBER 5, 2019

Jack Henry Associates announced last week that it has on-boarded an additional 15 financial institutions to The Clearing House’s RTP network in the latest sign of faster payments gaining traction in the U.S. Faster Payments Interoperability is a Must. A new report from the U.S. On Monday (Nov. 4), the U.S.

Faster Payments 40

Faster Payments Interoperability FedNow ACH 40