PYMNTS

MARCH 6, 2020

Real-time payments are imperative for running successful operations in today’s global ecosystem. Many of these providers are particularly competing for small- to medium-sized businesses (SMBs) to join their faster payments network over another, which can be tricky as more competitors enter this space. About the Tracker.

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Real Time Payments TCH Faster Payments Point-of-Sale (POS) 121

PYMNTS

SEPTEMBER 29, 2020

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.

Instant Payments 129

Instant Payments B2B Innovation ISO 20022 129

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.

Instant Payments 52

Instant Payments Real Time Payments Payments Payment Networks 52

Tearsheet

MAY 1, 2024

However, in the healthcare sector, small and medium-sized businesses (SMB) have increasingly turned to RTP payments for A2A transfers, showing a surge compared to credit cards and checks over the past year, according to a new report by PYMNTS. A similar trend is observed for sending real-time payments.

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Real Time Payments Credit Cards RTP PayPal 119

PYMNTS

AUGUST 10, 2020

You’d be forgiven for thinking that faster payments might be the purview of the U.S. Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. million in real-time payments for payroll in just two weeks after making that feature available.

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Real Time Payments RTP TCH Federal Reserve 138

PYMNTS

NOVEMBER 16, 2020

Real-time payments continue to gain traction around the world. The country’s banking system is giving an upgrade to its instant payments system. Called PIX , the new payment rails have been in the works for some time and launched last week. Case in point: Brazil. Cash And Checks .

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Real Time Payments Wire Transfer Push-to-Card Credit Cards 131

PYMNTS

NOVEMBER 3, 2020

“Financial institutions (FIs) and other financial services providers are looking to help meet the need for speed by leveraging various faster payment rails that support an array of payment methods,” according to PYMNTS’ latest Real-Time Payments Report done in collaboration with The Clearing House.

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Real Time Payments RTP Same Day ACH Payer 109

Fintech Finance

OCTOBER 21, 2024

Real-time payments are forecast to generate $285.8 ACI Worldwide’s second Real-Time Payments: Economic Impact and Financial Inclusion report leverages data from 40 countries and reveals—for the first time—an empirical link between real-time payments and financial inclusion.

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Real Time Payments Financial Inclusion Instant Payments Accounts 98

PYMNTS

FEBRUARY 1, 2021

To get a sense of the present state — and future — of instant payments, look to Italy. It has pulled ahead of its EU neighbors in developing real-time payments technology and in recruiting banks to adopt it. These days that “stable and efficient growth” has a lot to do with real-time payments.

Real Time Payments 100

Real Time Payments Instant Payments Online and Mobile Banking Push-to-Card 100

The Payments Association

JANUARY 8, 2025

The payments industry in 2025 will see advancements in real-time payments, AI tools, and voice-activated technologies reshaping consumer and business interactions. From pay-by-bank solutions to futuristic voice-activated payments, 2025 promises to bring significant advancements.

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Non-Bank Real Time Payments Instant Payments Payments 88

Fintech Finance

AUGUST 27, 2024

Mexipay will utilize ACI’s Digital Central Infrastructure solution, part of the award-winning ACI Enterprise Payments Platform, to address the need for enhanced real-time payment services. According to ACI’s latest Prime Time for Real-Time report, 3.8 between 2023 and 2028. “We

Instant Payments 97

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

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. Enabling access to the world’s largest payment rails ensures that our customers’ payments can be as wide-reaching and agile as they are.”

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Instant Payments Embedded Finance Real Time Payments Payments 98

Tearsheet

FEBRUARY 16, 2024

Mastercard recently expanded collaboration with The Clearing House (TCH), with the shared goal of propelling the adoption of instant payments. This extended partnership will focus on integrating additional instant payment use cases across a range of payment flows for consumers, businesses, and governments.

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Instant Payments RTP Visa TCH 119

PYMNTS

OCTOBER 15, 2020

Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a use case “that’s going to tip the scale here.” Real-time payment is also is finding traction in the gig economy, allowing employees to be paid on a regular basis, even daily.

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Real Time Payments NACHA SWIFT TCH 125

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.

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Instant Payments Regulations SWIFT Payments 98

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.

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Instant Payments ISO 20022 Regulations Fraud Detection 105

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.

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RTP Instant Payments Real Time Payments Payments 97

The Paypers

JUNE 11, 2021

Ria Money Transfer has announced the launch of instant payments in Brazil via the country’s PIX real-time payments network.

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Real Time Payments Instant Payments Payment Networks Payments 83

FICO

FEBRUARY 19, 2020

US payment schemes operate in a uniquely competitive environment. The Clearing House Association’s RTP as well as The Automated Clearing House offer same day clearing and the Federal Reserve is looking to launch instant payments with their FedNow scheme in 2023. How RealTime Payments Impact Financial Crime.

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Real Time Payments Financial Crimes Crime Account Takeovers 92

PYMNTS

NOVEMBER 13, 2020

As real-time payments make their way to ubiquity in markets around the globe, more small- to medium-sized businesses ( SMBs ) are exploring how instant transactions may be able to add value to their own operations. We needed to position ourselves to respond to that emerging trend from a technology perspective.".

Real Time Payments 75

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payment APIs and Integration 75

PYMNTS

MAY 20, 2020

Accomplishing this task poses a unique set of challenges, however, particularly when it comes to real-time payments. The 27 EU member states have their own financial systems, and many have also implemented their own domestic real-time payments rails. The Past and Future of EU Real-Time Payments.

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Real Time Payments Cross-Border Cross-Border Payments Central Bank 84

PYMNTS

JANUARY 26, 2021

According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.

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Real Time Payments RTP RFP TCH 109

PYMNTS

AUGUST 4, 2019

The United States is far behind other countries in terms of having real-time payments,” Fed Chairman Jerome Powell said last week, adding that while the Fed hasn’t made a decision on whether to move forward, the central bank has a long history of providing payments services to banks. We have a real-time payments network.

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Real Time Payments Fed Federal Reserve Instant Payments 77

PYMNTS

MARCH 17, 2020

While some geographies have opted to collaborate with the private sector to develop their own national instant payment networks, others are adopting solutions like RippleNet and SWIFT gpi to modernize their banks’ capabilities. Hungary Welcomes Instant Payments. Curacao Takes Steps Toward Instant Payments.

Instant Payments 98

Instant Payments Payment Networks Cross-Border Payments Cross-Border 98

Fintech Finance

NOVEMBER 18, 2024

A recent study found that 92% of surveyed businesses still rely on banks as their primary cross-border payment providers, despite more than half of banking and payments executives confirming that their organizations struggle with legacy tech stacks, unable to provide real-time payment solutions.

Cross-Border Payments 136

Cross-Border Payments Cross-Border Transactions Financial Inclusion 136

Fintech Finance

DECEMBER 13, 2023

Melio , a leading B2B payments-as-a service platform for small businesses, announced the launch of real-time payments, which provides payors with the option to deliver funds instantly to their vendors. Morgan Payments, can process payments within seconds, even on weekends and bank holidays. “We

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Real Time Payments FedNow Small Business Federal Reserve 64

PYMNTS

MAY 6, 2019

Faster, faster, faster — that’s the motto driving so much of payments innovation today. Real-time payments offers promise for both small and medium-sized businesses (SMBs) and consumers. The goal of quicker payments does not apply only to Asia, even though the PYMNTS interview focused on that continent.

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Real Time Payments Credit Cards Cross-Border Payments Cross-Border 80

Fintech Finance

FEBRUARY 4, 2025

The RTP network has achieved a major milestone, surpassing 1 billion payments just 18 months after crossing the 500 million transaction mark. After taking more than five years to reach the first half a billion payments, the networks recent rapid growth underscores the expanding acceleration of instant payments adoption in the United States.

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RTP Volume Transactions Real Time Payments 59

Fintech Finance

JUNE 25, 2024

(“Finzly”), a leader in innovative payment and financial solutions, today announced a partnership with Frost Bank , a subsidiary of Cullen/Frost Bankers, Inc. headquartered in Texas, to deliver instant payments capabilities to the banks global business and consumer customers through the Federal Reserve’s FedNow® and The Clearing House’s RTP®.

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FedNow RTP Instant Payments Payment APIs and Integration 93

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. And 80% percent of […]

Cross-Border 75

Cross-Border Instant Payments Payment Solutions Real Time Payments 75

PYMNTS

NOVEMBER 14, 2018

Corporate finance executives seem to be readying for real-time payments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management strategies as a result. This adoption curve is likely to repeat itself in a real-time payments environment, the report predicted.

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Real Time Payments Real Time Gross Settlement (RTGS) Liquidity Management Same Day ACH 78

PYMNTS

FEBRUARY 1, 2021

The global payments ecosystem is still in flux after a year of rapid changes caused by the pandemic, and instant payments are becoming more intriguing to consumers around the globe. One PYMNTS study found that 59 percent of United States consumers would use instant payments because of their convenience, for example.

Instant Payments 98

Instant Payments Payments Contactless Payments Financial Inclusion 98

Payments Source

JUNE 25, 2019

The pressure on banks, financial institutions and payment service providers to act as effective gatekeepers in the fight against financial crime is intense. Real-time payments considerably complicates that challenge, writes Sophie Lagouanelle, head of solutions at Accuity.

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Instant Payments Financial Crimes Real Time Payments Crime 109

Finextra

JULY 17, 2024

At EBAday 2024, Paul Francis Walvik-Joynt, Senior Vice President, Real Time Payments, Mastercard, shares an outline of what changes lie ahead for real-time payments and what the proliferation of real-time payments means for the adoption of instant payments.

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Real Time Payments Instant Payments Payments Visa 64

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. We can also see opportunities for small and medium businesses.

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Instant Payments FedNow Fed Interoperability 97

Bank Automation

JANUARY 30, 2025

Business clients are demanding instant payment services from their financial services providers as they look to streamline payment processes.

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RTP FedNow Federal Reserve Instant Payments 59

PYMNTS

APRIL 3, 2020

Sweden is the latest country to join the European Central Bank’s (ECB) instant payments platform in an effort to ease electronic payments. Launched in 2018, Euro’s instant payments were created to also be able to settle other currencies, the agency said. Today, the average number of daily instant payments is 1.5

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Real Time Payments Central Bank Instant Payments Agreements 75