Finovate

OCTOBER 21, 2024

The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. Move Commercial Payments offers features like liquidity management, integration with existing SWIFT systems, and helps to reduce counterparty risk. Photo by Lea L on Unsplash

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa FedNow 59

PYMNTS

OCTOBER 21, 2016

Banks may not like it, but the demand is here for faster payments — from businesses, consumers and regulators alike. While they’re apprehensive about the technology, financial institutions are facing pressure to adopt real-time payments capabilities to meet that demand and to comply with new regulations.

Real Time Payments 77

Real Time Payments Faster Payments Fraud Detection Payments 77

Finovate

OCTOBER 16, 2024

Federal Reserve’s instant payment service went live in July of 2023. Now, 15 months later, adoption rates have been unpredictably slow, especially when it comes to banks that are able to send FedNow payments. The Fed also charges a liquidity management fee of $1 per transfer. FedNow, the U.S.

FedNow 59

FedNow Instant Payments Disputes Federal Reserve 59

PYMNTS

NOVEMBER 10, 2020

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. It’s the culture that is changing.”.

Real Time Payments 117

Real Time Payments B2B Value Added Service ISO 20022 117

Payment Savvy

MAY 15, 2023

The Federal Reserve Bank is currently developing a new instant payment service called “FedNow” that will allow financial institutions to make instant payments. The development of the FedNow service is a response to the growing demand for efficient instant payment services in the digital age.

FedNow 52

FedNow Federal Reserve Liquidity Management Instant Payments 52

The Fintech Times

JULY 24, 2024

Last year, the US Federal Reserve launched FedNow as a competitive alternative for instant payments in the US. Celebrating its first birthday, we review how the instant payments service has been adopted over the past year. In fact, in 2023 , real-time payments only made up one per cent of all payments in the country.

FedNow 58

FedNow Instant Payments RTP Federal Reserve 58

PYMNTS

OCTOBER 28, 2020

We can see that cash has been reduced in favor of electronic accounts and instant payments,” he said. For instance, Scaffidi said that real-time payments (RTPs) are gaining trust at the same time that credit cards are not always seen as the right payments instrument.

Emerging Payments 109

Emerging Payments Real Time Payments RTP Payments 109

Faster Payments Council

SEPTEMBER 23, 2023

(Foundry Ballroom) This session will highlight faster payments Use Cases focused on real-life case studies from a variety of perspectives such as business end-users and financial institutions that are applying instant payments.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

PYMNTS

MAY 29, 2019

In this month’s feature story, Bellco HR Payroll Administrator Theresa Sanders explained the complexities of choosing a suitable instant earnings solution, including how the FI reached decisions on how much pay to make available and when. Deep Dive: Real-Time Payments’ Impact on Liquidity Management.

ISO 20022 55

ISO 20022 Liquidity Management Real Time Payments Faster Payments 55

PYMNTS

APRIL 12, 2018

That includes 80 percent of businesses willing to switch providers to access faster and instant payment capabilities, with treasurers pointing to heightened risk management capabilities, liquidity management capabilities and cash visibility as positive effects of instant payments.

Real Time Payments 43

Real Time Payments Liquidity Management Instant Payments Risk Management 43

PYMNTS

SEPTEMBER 4, 2018

Corporates may not be adopting faster and real-time payments technologies as fast as consumers, but that doesn’t mean the acceleration of payments isn’t impacting corporate finance. Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management.

Faster Payments 40

Faster Payments Same Day ACH Real Time Payments Treasury 40

PYMNTS

APRIL 11, 2019

JPMorgan announced this week it’s launching SEPA Instant in Europe as part of its efforts to advance its real-time payments offerings. Adding SEPA Instant is another step towards offering real-time payments around the globe,” said Sungmahn Seo, managing director and head of EMEA payments & FX for J.P.

Real Time Payments 53

Real Time Payments Faster Payments Liquidity Management Treasury 53

PYMNTS

SEPTEMBER 4, 2018

The enterprise is still unsure about faster and real-time payments. With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. Yet there is some adoption of faster payment technologies among corporates.

Treasury 44

Treasury Faster Payments Real Time Payments Liquidity Management 44

PYMNTS

FEBRUARY 4, 2019

Real-time payment systems are quickly cropping up across the globe. This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 The Federal Reserve’s Faster Payments Task Force established a goal in July 2017 that any consumer or business with a U.S.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

SEPTEMBER 7, 2018

In its survey, 80 percent of businesses said they would be willing to switch providers if it meant access to faster and instant payment capabilities. Corporate treasurers said they would switch for elevated risk mitigation and liquidity management services.

Risk Mitigation 49

Risk Mitigation Real Time Payments Liquidity Management Instant Payments 49

PYMNTS

NOVEMBER 28, 2016

A study conducted by Lipis Advisors found that a quarter of the cost associated with implementing faster and real-time payments capabilities for banks is linked directly to testing the technology. And among those niche areas is B2B payments, Hay said. As Faster Payments spreads throughout the U.K.

Faster Payments 54

Faster Payments Real Time Payments Payments Instant Payments 54

The Fintech Times

DECEMBER 15, 2023

​​. “The demand for improved performance and accessibility in cross-border, however, will drive a focus on systemic interoperability and straight through processing – to ensure the digital experiences enabled through domestic instant-payment schemes and digital wallets can be replicated in cross-border.

Cross-Border 58

Cross-Border Cross-Border Payments Interoperability Payments 58

PYMNTS

SEPTEMBER 19, 2019

Things have changed of course, because the very nature of payments has changed, and is changing. Batch processing, increasingly, is giving way to real-time payments and processing throughout the day. As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day.

Treasury 46

Treasury Real Time Payments Payment APIs and Integration Cash Management 46

PYMNTS

JULY 26, 2019

Spain-based CaixaBank is one financial institution investing in some of the newer payment infrastructures and rails available today. With the number of faster cross-border payments solutions on the rise, financial institutions have to prepare both themselves and their corporate customers for the change.

Cross-Border Payments 64

Cross-Border Payments Cross-Border Innovation Correspondent Bank 64

Segpay

JUNE 25, 2024

Lower transaction costs can also stimulate a broader adoption of digital payments among US merchants. The efficiency of real-time payment processing in Europe provides merchants with immediate access to funds. Faster transaction settlement can streamline operations and enhance liquidity management for US companies.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52