PYMNTS

SEPTEMBER 19, 2018

Financial service providers in Hong Kong are readying to facilitate real-time payments for both corporate and non-corporate customers as the market’s Faster Payment System (FPS) comes into effect. 17) said the Faster Payment System will launch Sept. Reports in Marketing Interactive on Tuesday (Sept.

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Real Time Payments Faster Payments P2P Payments 60

The Fintech Times

NOVEMBER 6, 2024

.” Blockchain-enabled cross-border payments StraitsX , a payments infrastructure provider for the digital assets space in Southeast Asia, has officially gone live in partnership with Ant International and Grab.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

PYMNTS

OCTOBER 14, 2020

Contis works in real-time payments, while Ordo has been working to simplify the process of getting paid through safe bank transactions and automatic tracking for payments, the release stated. Together, the companies will work on simplifying loading accounts.

Real Time Payments 60

Real Time Payments FinTech Payments Ubiquitous 60

The Fintech Times

DECEMBER 14, 2024

This upgrade will significantly reduce wait times for transactions such as bill splitting, account transfers, insurance payouts, and accessing earned wages, ensuring availability in under one minute. The FPC promotes diverse perspectives and collaboration to address barriers to faster payments.

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Funds Transfer FPC Funds Availability Faster Payments 59

The Paypers

DECEMBER 14, 2023

B2B payments platform Melio has launched real-time payments enable instant fund transfers from payors to vendors.

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Real Time Payments Funds Transfer B2B Payments 41

Fintech Finance

JULY 11, 2024

Today, the global provider of embedded finance infrastructure, OpenPayd , announces its clients can now send and receive payments via Pix, the Brazilian real-time payment network. Pix local payments in contrast are available 24/7 and a much cheaper, more reliable option for businesses and consumers alike.

Instant Payments 98

Instant Payments Embedded Finance Real Time Payments Payments 98

PYMNTS

JUNE 23, 2020

In a sign that RTP adoption is now spreading beyond the biggest banks, Chesapeake Bank , based in Virginia, has looped into The Clearing House’s Real-Time Payments (RTP) network. ” “Supporting real-time payments through the RTP network is an important step for us,” he continued.

Federal Reserve 106

Federal Reserve RTP Payment APIs and Integration Fed 106

PYMNTS

APRIL 2, 2019

When The Clearing House (TCH) unveiled the Real-Time Payments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. It wasn’t the first to roll out such a system, but it was the first “major payments upgrade” in the U.S.

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Real Time Payments RTP Payer Irrevocability 49

PYMNTS

AUGUST 21, 2018

Less than a year after going live on The Clearing House ‘s Real-Time Payments (RTP) network, PNC is now linking corporate customers of PNC Treasury Management to RTP capabilities. Funds transferred using RTP are available to receivers within seconds, the financial institution (FI) noted.

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Real Time Payments RTP Treasury Management Online and Mobile Banking 40

The Fintech Times

JANUARY 17, 2025

.” As small and medium-sized businesses increasingly turn to non-banking cost-efficient payment solutions, Guavapay aims to provide solutions that meet the evolving needs of global businesses with real-time, affordable fund transfer, multi-currency accounts and advanced payment APIs.

Innovation 59

Innovation Technology Payment APIs and Integration Multi-Currency 59

Fintech News

JULY 14, 2024

BNP Paribas will sponsor WorldFirst’s integration into SEPA, allowing WorldFirst’s clients to access real-time payment schemes under SEPA and automate treasury payments. This initiative will enhance the efficiency and speed of online cross-border payments and fund transfers within the SEPA Zone.

Cross-Border Payments 119

Cross-Border Payments Cross-Border Treasury Management Treasury 119

PYMNTS

MAY 19, 2020

In a joint statement, the two companies said the move is part of an effort by Kasikornbank (KBank) to ramp up its “digital cross-border payments offerings” as social distancing measures become the new normal. The new routes will be supported by Nium’s real-time payment capabilities, according to the announcement.

Cross-Border Payments 97

Cross-Border Payments Cross-Border FinTech Funds Transfer 97

PYMNTS

DECEMBER 15, 2020

Head of Global Strategy and Payments for Global Transaction Services David Kretz said the solution aims to "remove friction and bring transparency to cross-border payments.". 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

SEPTEMBER 23, 2019

The assessment by the Fed will incorporate dialogue from users of the Fedwire Funds Service and The Clearing House Payments Company , which runs the CHIPS funds-transfer system. The Federal Reserve announced in August that it was in the process of creating a real-time payments service called FedNow.

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ISO 20022 Federal Reserve ISOs FedWire 76

The Fintech Times

JULY 14, 2024

It’s now one of the most used real-time electronic transfer systems in the world, second only to India’s United Payments Interface. Pix was developed to combat the challenges related to traditional fund transfer methods offered by Brazil’s banking sector.

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Embedded Finance Payments Funds Transfer API 105

The Fintech Times

NOVEMBER 7, 2024

A key feature of the Favara system is the concept of the Favara ID, enabling users to create personalised and easily memorable credentials for fund transfers. In October, Maldives President Mohamed Muizzu took “necessary steps” to introduce India’s Unified Payments Interface (UPI).

FinTech 59

FinTech PayPal Financial Inclusion Financial Literacy 59

Faster Payments Council

MAY 17, 2021

While real-time payments (RTP) was previously considered an infrastructure luxury, it has now become a common method of payment in many parts of the world. This adoption has changed the payments landscape. Introduction on RTP and its adoption around the world. Why RTP is used?

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RTP G2C C2B Real Time Payments 88

EBizCharge

JANUARY 14, 2025

Seamless gateway integrations with other business tools , such as shopping carts and accounting software, can reduce manual work and streamline operations, saving time and resources. Integrations ensure all payment details are accurately reflected in your systems.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 52

The Paypers

SEPTEMBER 14, 2021

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India have announced plans to link Singapore's PayNow system with India's UPI real-time payment system.

Funds Transfer 41

Funds Transfer Real Time Payments Authorization Payments 41

Stax

JULY 9, 2024

More and more, cash-only businesses are falling by the wayside, unable to keep up with consumer demand for convenient electronic payments. The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. What is an Electronic Funds Transfer (EFT) Payment?

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Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

The Fintech Times

JULY 2, 2024

Aani, operated by Al Etihad Payments , has become a crucial part of the Central Bank of the UAE’s National Payment Systems Strategy (NPSS), which aims to create a digitised, cashless economy in the UAE. Mashreq now aims to gradually expand its corporate API proposition as part of its new transaction banking digital strategy. .”

Instant Payments 59

Instant Payments Central Bank Payment APIs and Integration Real Time Payments 59

PYMNTS

SEPTEMBER 23, 2019

Ersek said that 100 additional countries are being evaluated for the enablement of real-time payment capability by the end of 2020. What is rolling out today, Ersek noted, is a good start — but there is more work to be done to unlock B2B real-time payments capabilities, cross-border.

Accounts 82

Accounts Cross-Border Cross-Border Payments Real Time Payments 82

Clearly Payments

DECEMBER 18, 2023

Real-time cross-border transactions are hurtling towards us, powered by blockchain and other innovations. The global real-time payments market is projected to reach $1.2 trillion by 2027 (Juniper Research), a testament to the growing demand for instant, transparent transfers.

Payments Trends 102

Payments Trends Online and Mobile Banking Payment APIs and Integration Contactless Payments 102

PYMNTS

JANUARY 4, 2019

Separately, UCPB , a lender based in the Philippines, has introduced a money transfer service between banks, allowing for instant fund transfers. Verdict reported that the new service, known as InstaPay, can let customers transfer funds to a limit of 50,000 PHP ($951.48

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Instant Payments Funds Transfer Online and Mobile Banking Payments 67

The Paypers

NOVEMBER 3, 2023

TransFi and Volt , a global real-time payment solution provider, have partnered aiming to expand the financial services landscape by enabling faster onramps and fund transfers.

Funds Transfer 41

Funds Transfer Real Time Payments Payment Solutions Payments 41

PYMNTS

JANUARY 15, 2020

The technology enables corporate treasurers to initiate funds transfers from within their own workstations without having to toggle between separate bank platforms. They support real-time payments, single or bulk payments and payment status enquiry.

Treasury 54

Treasury API Payment APIs and Integration Treasury Management 54

PYMNTS

MARCH 12, 2019

COO Bill Ready said in a blog post that the Instant Transfer functionality comes on the heels of the company’s expanded partnership with JPMorgan Chase. That partnership enables PayPal to access the real time payments network linked to The Clearing House, according to the Tuesday release. The Mechanics of it All.

Debit Card 76

Debit Card PayPal Real Time Payments Economy 76

PYMNTS

NOVEMBER 20, 2019

Customer-facing markets such as financial services and insurance have greatly benefited from real-time payments, and healthcare could be next. Real-time payments can address these pain points by granting claimants quicker access to funds and providing more precise data regarding insurance payments’ purposes.

Real Time Payments 44

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payer 44

PYMNTS

OCTOBER 26, 2018

One of the complaints, which has been referred to law enforcement officials for further investigation, was made by a woman who said her personal ID and bank account number were stolen and used to initiate a real-time payment using FPS’ Autopay service.

Faster Payments 51

Faster Payments eWallet Law Enforcement Real Time Payments 51

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. Meanwhile, the U.S.

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

PYMNTS

AUGUST 21, 2018

Welcome to Five at Five, your daily look at the day’s payments and commerce news. 1-800-Flowers has a new business, real-time payments are getting a boost and customer self-service software is on the rise. PNC Loops Treasurers Into Real-Time Payments.

RTP 40

RTP Real Time Payments Online and Mobile Banking Funds Transfer 40

The Fintech Times

JUNE 13, 2024

Real-time revolution: How MENA is leading the rise of instant payments Mostafa Menessy, co-founder and CTO of fintech solution provider Paymob The MENA region is emerging as a global leader in instant payments, driven by rapid technological adoption, strategic government initiatives, and a robust increase in digital payment transactions.

Instant Payments 59

Instant Payments Payment APIs and Integration ISO 20022 Payment Gateways 59

PYMNTS

NOVEMBER 20, 2018

The company was setting up its dot.com operation, and he saw how all the choices made around sourcing, transmission and other areas vital to the funds-transfer business could significantly impact profitability, he told Karen Webster during that Monday (Nov. 19) interview.

Visa 74

Visa Online and Mobile Banking Payments Real Time Payments 74

FICO

NOVEMBER 10, 2020

Many of the world’s leading banks and card issuers trust our Falcon Platform , which protects more than two-thirds of the world’s credit card and debit card transactions from fraud, as well as other forms or real-time payments and consumer banking funds transfers.

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98

Fintech News

APRIL 28, 2024

Other sessions also delved into key trends and issues shaping the global payment landscape, including open banking in Europe, the QR code revolution in Asia as well as the US’s card dominance. Day 2 featured discussions on small business empowerment, consumer financial resilience, and lending strategies in Thailand.

Payment APIs and Integration 114

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 114

FICO

MAY 3, 2023

The right technology can help detect scams sooner and drive real-time actions, such as sending live warnings or pausing /stopping fund transfers. Action: Real-time communications can also apply during the payment process. Declining or delaying a payment undercuts these very valuable benefits.

Scams 10

Scams RTP Fraud Detection Real Time Payments 10

PYMNTS

JANUARY 2, 2019

ACI said the offering enables customers to tap into reduced timelines, increased transparency and the same-day transfer and use of funds. In The Philippines , UCPB rolled out its InstaPay service to enable customers to transfer money instantly to bank accounts, according to reports.

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SWIFT Cross-Border Payee Funds Transfer 49