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

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific.

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75

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). The Timeframe .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

FEBRUARY 13, 2020

Behind the scenes, interbank settlements and clearing can be done quicker than before with the new digital angle. Several patents among the 84 China has filed indicate that the country is aiming to adjust the supply of digital currency in the bank based on algorithms for things like loan rates or other specific triggers.

Interbank Settlement 61

Interbank Settlement Digital Currency eWallet Settlement 61

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

Fintech News

DECEMBER 20, 2023

Digital money, digital assets and tokenization MAS is envisioning a future financial ecosystem that’s characterized by a network of interoperable systems, facilitating instantaneous and seamless payment, clearing and settlement. To realize this vision, the central bank is actively exploring digital assets, tokenization and digital money.

FinTech 97

FinTech Cross-Border CBDC Web 3.0 97

PYMNTS

FEBRUARY 4, 2019

The new rail facilitates 24/7 payment clearing and settlement in real time. 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. Dissenting Views.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

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

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

At FinovateEurope 2016, the company launched the Ledger Blue Smartcard (pictured below), an enterprise solution featuring a touch screen to serve as a second factor to validate transaction information before completing a settlement on the blockchain. ” Ledger CEO Eric Larchevêque demoing Ledger Blue at FinovateEurope 2016 in London.

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 82

Online and Mobile Banking RTP BNPL Debit Card 82

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