Payment Savvy

MAY 15, 2023

Liquidity Management Tool To manage liquidity in this system, the FedNow service will offer a liquidity management tool. Cost efficiency: A well-managed liquidity position means banks can use their funds more effectively, maximizing returns on investments and reducing borrowing costs.

FedNow 52

FedNow Federal Reserve Liquidity Management Instant Payments 52

Finovate

JULY 26, 2024

The funding is part of the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) designed to support banks and other financial institutions as they innovate and develop capabilities in both quantum computing and artificial intelligence (AI) technologies. Here is our look at fintech innovation around the world.

AI 72

AI Cross-Border Payment APIs and Integration Multi-Currency 72

PYMNTS

JANUARY 8, 2021

One thing is customer service, but the other is liquidity management or cash flow forecasting, and that's new to a lot of organizations.”. To me, the bottom line is the more volume, the better the pricing for all participants in the industry,” she said. RTP Outlook.

RTP 139

RTP TCH Funding Agent Continuing Education 139

The Fintech Times

JANUARY 16, 2024

Over the past decade, a wave of innovation has swept through all corners of the payments landscape. As a result, the needs of market participants have evolved and they continue to do so at a substantial pace. Compliance controls, which are especially high for international payments, further increase costs.

Payments Trends 98

Payments Trends Risk Identity Theft Payments 98

PYMNTS

MARCH 9, 2018

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. The PoC includes 34 banks, each with their own node in SWIFT’s DLT sandbox.

SWIFT 43

SWIFT ISO 20022 Blockchain Liquidity Management 43

PYMNTS

DECEMBER 3, 2019

This is good for credit unions because CACU will handle the settlement and liquidity management of its members’ participation in the network, something that would cost a lot more for credit unions to do on their own.

Funding Agent 52

Funding Agent Credit Union RTP Real Time Payments 52

The Fintech Times

JULY 24, 2024

Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management. RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on.

FedNow 59

FedNow Instant Payments RTP Federal Reserve 59

Clearly Payments

AUGUST 1, 2024

By capping interchange fees, the IFR has reduced the revenue that issuing banks can earn from card transactions, prompting banks and other payment service providers to seek alternative revenue streams and innovate in their service offerings. These include payment gateways, secure checkout processes, and fraud prevention tools.

Process 52

Process Fraud Prevention Online and Mobile Banking Payments 52

PYMNTS

APRIL 15, 2020

While China continues to slowly open up its financial services market to foreign participants to drive competition in areas like mobile payments and banking, when it comes to B2B payments, the market remains dominated by Chinese traditional banks.

Correspondent Bank 76

Correspondent Bank Correspondent Cross-Border B2B 76

PYMNTS

DECEMBER 12, 2019

that aim to lower barriers for FinTechs to participate, she said. The more we look at this as a big bang or a rip-and-replace, the more hesitancy participants are going to have to move forward.”. On the other are regulations in place that Killam noted could hinder real-time payments progress, most notably U.S. In the U.S.

RTP 72

RTP Real Time Payments Faster Payments Cross-Border 72

PYMNTS

OCTOBER 12, 2020

FinTechs are interested in providing value-added services to FIs — and can conceivably connect their offerings to the FedNow platform via participating depository institutions. Larger companies, he said, could leverage instant payments for better liquidity management, as they juggle payroll or invoices. Digital Dollars, Too? .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

APRIL 15, 2020

Whether through accelerating payments to suppliers or by integrating spend analytics functionality, this week’s look at the latest commercial card innovation efforts finds an array of finserv players promoting commercial card acceptance and adoption to strengthen SMBs’ financial positions.

Commercial Card 62

Commercial Card Payment APIs and Integration Card Issuer Multi-Currency 62

PYMNTS

SEPTEMBER 17, 2019

Operating as a funding agent will broaden community banking participation in RTP, Bankers’ Bank said, adding that it will also build a 24/7 liquidity management solution for RTP transactions within its cash management suite of services.

B2B 43

B2B RTP Bankers' Bank Funding Agent 43

Faster Payments Council

SEPTEMBER 23, 2023

Leaders will need to make decisions more quickly; organizations will need to be more agile to opportunities for innovation. Participating organizations will share insights gained and how they will implement these standards to catalyze instant payments adoption with a streamlined RFP customer experience.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

PYMNTS

OCTOBER 28, 2019

The B2B space now sees the benefit [of real-time payments], which is not just about having the ability to do real-time liquidity management or the ability to make emergency payments,” he said. “It’s But with the U.S. It’s also about all of the value-adds it brings in.

Real Time Payments 40

Real Time Payments Instant Payments Value Added Service Payment APIs and Integration 40

Segpay

JUNE 25, 2024

Last year, Currence iDEAL and PQI, a Luxembourg-based payment solutions provider that served iDEAL in the Netherlands, Bancontact Payconiq Company in Belgium, and Payconiq in Luxembourg, were acquired by the European Payment Initiative (EPI) to establish a new innovative, and unified payment solution for Europe.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

The Fintech Times

NOVEMBER 6, 2024

As expected, innovations and announcements were rife throughout, here’s a roundup of all the news coming out of the global event. “For Visa, this is an opportunity to deliver innovations that enhance payment experiences across Asia Pacific with greater flexibility, security, and convenience.

Product 59

Product Cross-Border FinTech Cross-Border Payments 59

PYMNTS

SEPTEMBER 26, 2019

Though the manic blockchain hype of 2018 has died down somewhat, FinTechs, banks and corporates continue to collaborate and innovate as they develop distributed ledger technology solutions for a range of use cases, including faster cross-border transactions. Frazier offered the example of a U.S. client wishing to move $1 million from a U.S.

Blockchain 61

Blockchain Cross-Border Cross-Border Payments Liquidity Management 61