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 91

RTP Instant Payments Real Time Payments Payments 91

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.

Instant Payments 64

Instant Payments Faster Payments Payments 64

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.

Instant Payments 179

Instant Payments Payments 179

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.

ISO 20022 134

ISO 20022 Instant Payments FedNow ISOs 134

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.

Instant Payments 136

Instant Payments Rules Payments Regulations 136

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 102

Instant Payments ISO 20022 Regulations Fraud Detection 102

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.

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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 129

Instant Payments Settlement Central Bank Payments 129

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.

Instant Payments 103

Instant Payments Treasury RFP RTP 103

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.

Instant Payments 81

Instant Payments Payments Transactions Continuity 81

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.

Instant Payments 167

Instant Payments RTP FedNow ISO 20022 167

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

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

Instant Payments 88

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.

Instant Payments 140

Instant Payments Payments Research 140

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

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 94

Instant Payments Regulatory Compliance Compliance Payment APIs and Integration 94

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.

FedNow 165

FedNow Instant Payments RTP ISO 20022 165

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.

Instant Payments 83

Instant Payments Faster Payments FPC Corporate Credit Unions 83

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.

Instant Payments 113

Instant Payments Facilitators ISO 20022 Message Standards 113

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.

Credit Union 85

Credit Union Instant Payments Payments Participant 85

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.

Instant Payments 88

Instant Payments ISO 20022 ISOs Financial Inclusion 88

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.

Instant Payments 98

Instant Payments Online and Mobile Banking Processors Payments 98

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.

Instant Payments 52

Instant Payments FedNow Same Day ACH Federal Reserve 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.

RTP 116

RTP Instant Payments Payments Consumer 116

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.

Instant Payments 52

Instant Payments Payments FinTech Process 52

The Fintech Times

OCTOBER 28, 2024

Instant payments and fraud prevention have quickly become the areas fintechs need to focus on most, according to the third portion of the ‘2024 Payment State of the Union’ study by Discover Global Network , the global payment network.

Fraud Prevention 71

Fraud Prevention Instant Payments Consumer Emerging Payments 71

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.

Instant Payments 90

Instant Payments Central Bank Payments 90

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.

Instant Payments 64

Instant Payments Payments Innovation Transactions 64

Fintech Finance

SEPTEMBER 10, 2024

New research from RedCompass Labs , a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility.

Instant Payments 109

Instant Payments AI ISO 20022 Payments 109

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.,

Instant Payments 52

Instant Payments Payments Innovation 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.

FedNow 148

FedNow Instant Payments Federal Reserve Payments 148

Fintech Finance

JULY 11, 2024

Today, OpenPayd clients can send and receive payments across 190+ countries and territories through a single API or via the online platform. The post OpenPayd Launches Pix Instant Payments appeared first on Fintech Finance.

Instant Payments 98

Instant Payments Embedded Finance Real Time Payments Payments 98

Payments Dive

SEPTEMBER 18, 2023

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

Instant Payments 172

Instant Payments FedNow Payments 172

Fintech Finance

NOVEMBER 4, 2024

That set the precedent for Wise to be granted direct access to payment systems in the EU in 2020, as well as Singapore and Australia in 2021. Last month, Wise also received approval to join Japan’s domestic payment network, Zengin, and secured a Payment Institution licence to connect directly to Brazil’s instant payment system PIX.

Instant Payments 97

Instant Payments Settlement Accounts Cross-Border Payments 97

Bank Automation

AUGUST 13, 2024

NEW YORK — BNY is developing a cross-border instant payments solution to keep up with demand for real-time payments. There are 90 real-time payments networks across the globe, Carl Slabicki, co-head of global payments at BNY Treasury Services, said today at a roundtable hosted by the $30 billion financial institution.

Cross-Border 75

Cross-Border Instant Payments Payment Solutions Real Time Payments 75

Finextra

JANUARY 24, 2024

Open banking platform Tink has launched a rules-based risk engine to protect merchants from fraud on instant payment rails.

Instant Payments 115

Instant Payments Risk Rules Payments 115

Finextra

JULY 2, 2024

At EBAday 2024, Kjeld Herreman, Head of Strategy Advisory, RedCompass Labs, discusses the fast approaching deadlines and how financial institutions can be best prepared for the SEPA instant payments regulation.

Instant Payments 59

Instant Payments Regulations Payee Verification 59