Neopay

OCTOBER 23, 2024

Real-time payments are forecast to generate $285.8 The report leverages data from 40 countries and reveals for the first time an empirical link between real-time payments and financial inclusion. Across all 40 countries in the study, real-time payments boosted GDP by a total of $164.0

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Real Time Payments Financial Inclusion Payments Economy 52

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

The Fintech Times

NOVEMBER 5, 2024

Wise , the fintech focused on money transfer, has been granted direct access to the Philippines’ real-time payment system, InstaPay, enabling it to enhance the cross-border payment experience for around 13 million of its customers.

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Real Time Payments Cross-Border Payments Cross-Border Correspondent Bank 58

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

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 […]

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Cross-Border Instant Payments Payment Solutions Real Time Payments 75

Finextra

JUNE 28, 2024

At EBAday 2024, Roland Brandli, Strategy Director, SmartStream and Zennon Kapron, Founder/Director, Kapronasia, explore their recently released report where findings revealed that in 2023 there were 266 billion real-time payments made around the world, which is a 43% increase from the year before, and represents a 27% of all payments.

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Real Time Payments Instant Payments Payments Continuity 59

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

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Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

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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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

ACI Worldwide Blog

MAY 13, 2024

Real-time payments are carving a new norm in the rapidly evolving payments landscape. Spurred by global governments and regulators, instant payments are viewed as a catalyst for economic growth, financial inclusivity, and transparency.

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Fintech Finance

JANUARY 24, 2024

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network.

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Real Time Payments RTP Visa Instant Payments 52

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

Fintech Finance

DECEMBER 13, 2023

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published the Real-Time Payment Application Program Interfaces (APIs) report in its Faster Payments Knowledge Center. The post U.S.

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Real Time Payments Faster Payments API FPC 52

Finovate

MARCH 8, 2024

Sila has partnered with Trice to leverage the company’s safeguards for instant payments. There has been some movement in the instant payments world this week. Banking and payment infrastructure-as-a-service company Sila has partnered with instant payments platform Trice.

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Real Time Payments FedNow RTP ACH 64

Finextra

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.

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Real Time Payments RTP Payment Networks Instant Payments 59

Fintech Finance

APRIL 30, 2024

Global real-time payments growth has reached sustainable levels with 266.2 billion real-time payments transactions recorded in 2023—a year-over-year (YoY) growth of 42.2%—according billion real-time transactions are forecast by 2028, representing a 2023-2028 compound annual growth rate (CAGR) of 16.7%.

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Real Time Payments Use Case Transactions Cross-Border 52

Fintech Finance

NOVEMBER 4, 2024

Wise, the global technology company building the best way to move and manage the world’s money has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can also directly settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus.

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Instant Payments Settlement Accounts Cross-Border 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.

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Instant Payments FedNow Same Day ACH Federal Reserve 52

The Fintech Times

MAY 1, 2024

ACI Worldwide , the payments system company, and GlobalData , the data and analytics firm have worked together on a new report revealing which real-time payments markets across the world are the most successful. The report is aptly timed as global real-time payments growth has reached sustainable levels with 266.2

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Real Time Payments APACS Cross-Border Cross-Border Payments 58

Finextra

AUGUST 27, 2024

ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, and Mexipay, a leading Mexican financial technology company, have announced the extension of their partnership to enhance Mexico’s real-time payments ecosystem, with the aim of driving instant payments adoption and boosting economic growth and financial inclusion for (..)

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Instant Payments Financial Inclusion Real Time Payments Origination 52

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

The Fintech Times

OCTOBER 19, 2024

Broadridge Financial Solutions , the investor communications and technology-driven solution provider, has launched a new managed service for connectivity, message processing and workflow management for instant payments.

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Instant Payments SWIFT Payer Request for Payment 52

The Fintech Times

JULY 2, 2024

Now, the bank has fully integrated its corporate online banking channels with the Aani platform and developed an API for instant payments, enabling its corporate clients to make real-time payments. Mashreq led the first stage of Aani’s implementation alongside seven other UAE-based financial institutions.

Instant Payments 58

Instant Payments Central Bank Payment APIs and Integration Real Time Payments 58

Fintech Finance

MARCH 4, 2024

NASDAQ: SOFI), announced today an expansion of its relationship with The Bancorp Bank, NA , that enables real-time payments services. Real-time payments are available any time of day, year-round, ensuring the instant availability of funds even when traditional methods such as ACH and wires are unavailable.

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Real Time Payments RTP Wires Wire 52

Fintech Finance

JANUARY 24, 2024

To help organisations make this SCT Inst transition smoothly and keep up-to-date with the latest changes, Iliad Solutions has developed the SCT Inst Testing Solution, an orchestrated version of its highly acclaimed t3 payment testing platform. All financial institutions participating in SCT Inst need to be ready for the changes involved.

Real Time Payments 52

Real Time Payments Payments Instant Payments Automation 52

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.

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Instant Payments B2B Innovation ISO 20022 129

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 92

The Fintech Times

JULY 31, 2024

The RBI report highlights that India is leading the way when it comes to real-time payments, boasting a share of 48.5 per cent of the global real-time payments volume. billion transactions in 2019 to 131 billion transactions in 2023 – 80 per cent of all digital payment volumes.

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Real Time Payments Cross-Border Volume Financial Inclusion 58

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.

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

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.".

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

The Fintech Times

OCTOBER 24, 2024

As much as two in three European banks may not be prepared to meet the EU’s instant payment deadline, a new survey by the transaction data management firm, Intix , has revealed. The post 25% of European Banks Aren’t Ready to Comply With EU Instant Payment Deadlines, Intix Reveals appeared first on The Fintech Times.

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Instant Payments ISO 20022 Fraud Detection ISOs 58

Finextra

AUGUST 2, 2024

Pidgin, a secure, real-time payments platform built for the future of payments, has partnered with ICBA Payments, the payments subsidiary of the Independent Community Bankers of America (ICBA), to offer instant payments to the nation’s community banks.

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Community Banks Instant Payments Real Time Payments Payments 52

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

The Paypers

SEPTEMBER 20, 2023

Real-time payments software provider ACI Worldwide has partnered with Microsoft to facilitate instant payments via ACI’s Real-Time Payments Cloud (RTPC) platform.

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Real Time Payments Instant Payments Facilitators Payments 45

Payments Dive

JANUARY 11, 2024

Faster Payments Council suggests it’s not too early to assess how real-time payments will shape international transactions. The latest cross-border input from the U.S.

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Cross-Border Instant Payments Real Time Payments Faster Payments 103

Fintech Finance

OCTOBER 23, 2024

Finzly’s Digital Galaxy enhances this offering by providing a comprehensive digital banking experience, enabling businesses and consumers to send, receive, and request instant payments. Adding Finzly’s instant payments solution to the AWS Marketplace is a significant step forward.

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Fintech Finance

JUNE 5, 2024

NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) have announced a partnership to enable the deployment of a UPI-like real-time payments system in Peru. This strategic partnership empowers the BCRP to establish a reliable and efficient real-time payments platform within the country.

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Real Time Payments Financial Inclusion Agreements International Payments 52