PYMNTS

OCTOBER 12, 2020

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function).

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

The Fintech Times

MARCH 7, 2024

Through the new project, Hong Kong Monetary Authority will explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through a wholesale CBDC.

CBDC 53

CBDC Authorization Interbank Settlement Central Bank 53

The Paypers

JANUARY 9, 2019

(The Paypers) Nigerian Interbank Settlement System (NIBSS) has indicated that Nigeria’s e-payment services recorded transactions worth NGN 56.85 trillion in 2018.

Interbank Settlement 28

Interbank Settlement Transactions Settlement Payments 28

The Paypers

NOVEMBER 20, 2018

(The Paypers) Papersoft and Integrated Biometrics have partnered with the Nigerian Interbank Settlement System to be part of the Financial Inclusion Strategy in Nigeria.

Financial Inclusion 28

Financial Inclusion Interbank Settlement Settlement 28

The Paypers

NOVEMBER 7, 2016

(The Paypers) The Nigeria Interbank Settlement Scheme, in collaboration with Nigerian money deposit banks and four telecommunications operators, has launched a new mobile money payment solution.

Interbank Settlement 28

Interbank Settlement Payment Solutions Mobile Payments Settlement 28

PYMNTS

JUNE 4, 2019

The network is the first to deliver 24/7 clearing and interbank settlement, including the real-time movement of money and enriched data between participating financial institutions,” PayFi said. PayFi said its RTP network is the first new core payments infrastructure in over 40 years.

Real Time Payments 48

Real Time Payments ISO 20022 RTP Interbank Settlement 48

PYMNTS

DECEMBER 13, 2018

Separately, a number of retailers, among them giants Target and Walmart, have requested that the Federal Reserve create a real-time interbank settlement system. Vocalink also has been involved in the launch of The Clearing House’s RTP in the U.S., the release noted, and the real-time mobile transfer systems in Singapore and Thailand.

Payment APIs and Integration 53

Payment APIs and Integration SWIFT Interbank Settlement Faster Payments 53

PYMNTS

FEBRUARY 4, 2019

The system would facilitate 24/7 year-round interbank settlements of faster payments and also provide a liquidity management tool to support transfers between Federal Reserve accounts. The Federal Approach. Against this backdrop, the Federal Reserve proposed creating its own real-time payments service in October 2018.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

Fintech News

DECEMBER 20, 2023

To complement the digital money trials, MAS said that it will commence the development of CBDC for wholesale interbank settlement in 2024. Future pilots could include the use of the “live” wholesale CBDC for the settlement of cross-border securities trade, MAS said.

FinTech 107

FinTech Cross-Border CBDC Web 3.0 107

PYMNTS

MARCH 2, 2016

We break down the company’s argument as presented in “ The Cost-Cutting Case for Banks: The ROI of Using Ripple and XRP for Global Interbank Settlements.” A lot of money, in fact, according to Ripple’s calculations. ” A Bit Of Background.

Cross-Border Payments 46

Cross-Border Payments Cross-Border Interbank Settlement Cross-Border Settlement 46

Fintech Labs Insights

FEBRUARY 29, 2016

” Not only does the device serve as a second factor for bitcoin transactions and interbank settlements, it also secures the movement of any assets held on the blockchain, including P2P stock trading, workflow certification for insurance management, and even process documentation for pharmaceutical clinical trials.

Phishing 14

Phishing Mitigation Interbank Settlement Blockchain 14

Clearly Payments

OCTOBER 31, 2024

Wholesale CBDCs focus on interbank settlements, enhancing security and efficiency in large transactions between financial institutions. Retail vs. Wholesale CBDCs : There are two types of CBDCs: Retail CBDCs are designed for use by the general public, providing an alternative to cash.

Online and Mobile Banking 87

Online and Mobile Banking RTP BNPL Debit Card 87

PYMNTS

AUGUST 7, 2020

6) announced details of a 24/7 year-round interbank settlement service to accelerate the time it takes to process instant payments, with a clearing function to support instant payments in the U.S. At the end of June, consumer debt balances sat at $14.27 trillion, a drop of 0.2 Fed Says FedNow On Track For 2023-24 Rollout.

Federal Reserve 76

Federal Reserve Interbank Settlement FedNow Instant Payments 76

Finovate

JANUARY 31, 2024

interbank settlement system compared to similar systems in Europe that were deployed sooner. The Atlantic Council says that there is an innovation gap between the U.S. and other developed nations when it comes to CBDCs. The Council also criticized the relatively slow rollout of the U.S. dollar needs to “innovate.”

CBDC 64

CBDC PayPal Cryptocurrency Interbank Settlement 64