Payments Dive

MAY 1, 2023

The giant retailers eagerly await instant payment system possibilities, especially as an alternative to card payments, according to industry professionals who heard their representatives speak recently.

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Instant Payments Payments 178

Fintech Finance

SEPTEMBER 13, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of its latest publication, Operational Considerations for Receiving Instant Payments.

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Instant Payments Faster Payments FPC Real Time Payments 120

Fintech Finance

OCTOBER 17, 2024

(NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. These regulations are expected to accelerate the adoption of instant payments across Europe, with key compliance deadlines set for 2025.

Instant Payments 89

Instant Payments Regulations SWIFT Payments 89

Finextra

FEBRUARY 26, 2024

The European Council has adopted a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries.

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Instant Payments Rules Payments Regulations 136

Bank Automation

NOVEMBER 29, 2024

The Clearing House’s Real Time Payments network is seeing growth in adoption and transaction volume as consumers, small- and medium-sized businesses and large enterprises demand instant payment capabilities.

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Instant Payments Real Time Payments Payments Payment Networks 52

Finextra

NOVEMBER 21, 2024

Worldline [Euronext: WLN], a global leader in payment services, has signed a contract with GarantiBBVA International N.V. to implement its cloud-based instant payments solution.

Instant Payments 69

Instant Payments Payments Payment Solutions 69

Finextra

NOVEMBER 14, 2024

Faster Payments Council, talks about industry expectations for instant payments in the US for 2028 – the year in which between 70-80% of financial institutions are expected to receive instant payments, and 30-40% will have the capability to send instant credits.

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Instant Payments Faster Payments Payments 64

Fintech Finance

SEPTEMBER 24, 2024

As part of Finastra’s commitment to Open Finance, Payments To Go offers seamless connectivity to other software providers, fintechs, and financial institutions, giving banks the flexibility needed to deploy modern and agile payment solutions quickly and efficiently.

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ISO 20022 Instant Payments FedNow ISOs 124

Faster Payments Council

SEPTEMBER 6, 2024

While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue. The stakes are certainly high.

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Instant Payments RTP FedNow ISO 20022 167

The Paypers

OCTOBER 18, 2024

Broadridge has announced the launch of its Instant Payment Service, designed to support real-time money transfers and continuous exchange of instant transactions.

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Instant Payments Payments Transactions Continuity 81

Finextra

OCTOBER 24, 2024

The European Central bank is implementing a cross-currency settlement service on the Eurosystem's Target Instant Payment Settlement (Tips) service.

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Instant Payments Settlement Central Bank Payments 129

The Payments Association

APRIL 22, 2024

Instant payments are rapidly transforming the transaction landscape, supported by a global increase in payment rails and advanced services, despite facing challenges from fraud and regulatory demands. Read more

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Instant Payments Payments Transactions 88

Finextra

MARCH 28, 2024

A third of EU banks do not currently offer an instant payments service and the majority have been discouraged by the January 2025 deadline, according to recently published research.

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Instant Payments Payments Research 140

Fintech Finance

AUGUST 15, 2024

Modern Treasury , essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Instant payments, powered by the first new payment rails in the U.S.

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Instant Payments Treasury RFP RTP 91

Finextra

OCTOBER 24, 2024

The European Central bank is implementing a cross-currency settlement service on the Eurosystem's Target Instant Payment Settlement (Tips) service.

Instant Payments 119

Instant Payments Settlement Central Bank Payments 119

Fintech Finance

NOVEMBER 12, 2024

The RTP® network, the largest instant payments system in the United States operated by The Clearing House , now averages over 1 million payments per day. and 9% respectively, from September, as financial institution customers continued to enjoy the ease and speed provided by instant payments on the network.

RTP 76

RTP Instant Payments Real Time Payments Payments 76

Faster Payments Council

AUGUST 23, 2024

While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue. The stakes are certainly high.

Instant Payments 167

Instant Payments RTP FedNow ISO 20022 167

Fintech Finance

OCTOBER 23, 2024

The research aimed to evaluate the state of instant payments across the European banking sector. Key findings from the survey include: Only 33% of respondents reported that they are ready to meet the EU’s instant payment deadlines.

Instant Payments 89

Instant Payments ISO 20022 Regulations Fraud Detection 89

Faster Payments Council

AUGUST 16, 2024

While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue. The stakes are certainly high.

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FedNow Instant Payments RTP ISO 20022 165

Fintech Finance

SEPTEMBER 24, 2024

Worldline [Euronext: WLN], a global leader in payment services, has signed a contract with Anadolubank Nederland N.V. for its cloud-based instant payments solution. This partnership will enable Anadolubank to seamlessly comply with the new EU Instant Payments regulation.

Instant Payments 80

Instant Payments Regulatory Compliance Compliance Payment APIs and Integration 80

Neopay

NOVEMBER 26, 2024

The clock is ticking for European banks as the EU’s mandatory instant payment regulations approach, but a recent survey by transaction data management specialist Intix reveals a worrying lack of readiness. By October 2025, institutions must also handle outgoing instant payments.

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Instant Payments ISO 20022 Regulations ISOs 52

Finextra

APRIL 4, 2024

Consumers and businesses took advantage of instant payments through The Clearing House RTP network, which resulted in numerous records set in the first quarter of 2024.

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RTP Instant Payments Payments Consumer 116

Fintech Finance

OCTOBER 4, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of the 2024 U.S. Instant Payments Adoption Quantitative Study , a first-of-its-kind survey of U.S.-based Faster Payments Council Releases 2024 U.S.

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Instant Payments Faster Payments FPC Corporate Credit Unions 68

Fintech Finance

JULY 11, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced the completion of a Swiss Interbank Clearing (SIC) instant payments readiness project. Using Finastra’s cloud-based Service Bureau offering, Swiss banks can seamlessly transition to facilitating instant interbank payments.

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Instant Payments Facilitators ISO 20022 Message Standards 100

Fintech Finance

JULY 30, 2024

Nexi, the European PayTech, signs an historic agreement with Payac Services CLG , a credit union owned payment services provider, to deliver SEPA Instant payments to all participating credit unions in the Republic of Ireland. Instant payments represent a great opportunity in the continuous evolution of payment services.

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Credit Union Instant Payments Payments Participant 70

Finovate

OCTOBER 15, 2024

The company launched the new entity, Payfinia , to provide instant payment solutions to both financial institutions and third-party organizations. Payfinia aims to help financial institutions access and establish ownership of their instant payments services.

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Instant Payments FedNow Same Day ACH Federal Reserve 52

The Paypers

NOVEMBER 29, 2024

ECB and Norges Bank have signed an agreement for Norway to join TIPS, in order to add the Norwegian krone to Eurosystem’s instant payment service.

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Instant Payments Agreements Payments 45

Finextra

NOVEMBER 25, 2024

The Riksbank is today opening up its payment system RIX-INST to more types of instant payment. Previously, the system was only open to Swish payments.

Instant Payments 52

Instant Payments Use Case Payments 52

Fintech Finance

OCTOBER 15, 2024

The first available use is for proximity-based person-to-person (P2P) payments. Instant payments can be made between accounts at different banks or at the same bank, without using bank details. The post RoPay Officially Launches – the First National Mobile Instant Payment Service appeared first on FF News | Fintech Finance.

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Instant Payments Online and Mobile Banking Processors Payments 96

Fintech Finance

SEPTEMBER 24, 2024

Fime has been selected by BancNet , the Philippine-based domestic scheme, to support the onboarding, testing and certification process for its instant payments service, InstaPay. This will allow institutions to launch their instant payments services to their customers more quickly.

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Instant Payments ISO 20022 ISOs Financial Inclusion 73

Finextra

OCTOBER 17, 2024

(NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments.

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Instant Payments Payments FinTech Process 52

The Paypers

OCTOBER 3, 2024

The National Bank of Romania has announced that it authorised the instant payment system BLIK operation on the country’s territory.

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Instant Payments Central Bank Payments 90

The Nilson Report

NOVEMBER 27, 2024

The post Alacriti and Access Softek Partner To Deliver Instant Payments for Financial Institutions appeared first on Nilson Report. Industry News Alacriti FedNow Orbipay Payments HubAccess Softek RTP

Instant Payments 52

Instant Payments FedNow RTP Payments 52

Payments Dive

JULY 10, 2023

The Federal Reserve in July is launching the FedNow Service, an instant-payment service that will help banks and other financial institutions better serve consumers and businesses.

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FedNow Instant Payments Federal Reserve Payments 148

Payments Dive

SEPTEMBER 18, 2023

FedNow is driving adoption of instant payments— here’s what financial institutions need to know.

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Instant Payments FedNow Payments 171

Finextra

OCTOBER 21, 2024

Michael Engel, Managing Director & VP of Banking Software at Diebold Nixdorf, highlights the growing shift from traditional to instant payments, driven by increasing demand for speed and agility in transactions. While methods like SEPA and the digital euro gain momentum, the challenge of integrating these with legacy systems persists.

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Instant Payments Payments Innovation Transactions 64

Finextra

OCTOBER 15, 2024

a separate entity dedicated to providing innovative solutions that redefine instant payments. Tyfone, a leader in digital banking solutions, announces the formation of Payfinia Inc.,

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Instant Payments Payments Innovation 52