Payment Savvy

MAY 15, 2023

Liquidity Management Tool To manage liquidity in this system, the FedNow service will offer a liquidity management tool. Cost efficiency: A well-managed liquidity position means banks can use their funds more effectively, maximizing returns on investments and reducing borrowing costs.

FedNow 52

FedNow Federal Reserve Liquidity Management Instant Payments 52

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). Looking Toward Interoperability And Scale . The Timeframe .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

DECEMBER 3, 2019

This is good for credit unions because CACU will handle the settlement and liquidity management of its members’ participation in the network, something that would cost a lot more for credit unions to do on their own.

Funding Agent 52

Funding Agent Credit Union RTP Real Time Payments 52

The Fintech Times

JULY 24, 2024

Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management. RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on.

FedNow 59

FedNow Instant Payments RTP Federal Reserve 59

Fintech Finance

OCTOBER 15, 2024

RTGS.global , the next generation settlement company revolutionising cross-border payments, has today announced the launch of a unique solution for Payment Service Providers (PSPs) that will enable them to offer cheaper and faster international payments to their retail and corporate customers.

Cross-Border 97

Cross-Border Liquidity Management Cross-Border Payments Correspondent Bank 97

Faster Payments Council

MARCH 30, 2022

Financial institutions require 24/7 connectivity, real-time settlement and liquidity management, customer interfaces, and fraud mitigation tools to prepare their underlying systems for instant payments. These 30-min breakout sessions will run three times with a 10-min break between each.

FPC 88

FPC Faster Payments Cross-Border Financial Inclusion 88

PYMNTS

APRIL 15, 2020

While China continues to slowly open up its financial services market to foreign participants to drive competition in areas like mobile payments and banking, when it comes to B2B payments, the market remains dominated by Chinese traditional banks. It’s not without its drawbacks, however.

Correspondent Bank 76

Correspondent Bank Correspondent Cross-Border B2B 76

Faster Payments Council

SEPTEMBER 23, 2023

Participating organizations will share insights gained and how they will implement these standards to catalyze instant payments adoption with a streamlined RFP customer experience. Cash Management: A Challenge for Real-Time Payments (Foundry Ballroom) Managing unpredictable cash flows for real-time 24x7x365 payments is critical.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

Fintech Finance

JULY 15, 2024

The two sides also agreed to work together to strengthen WorldFirst’s participation in the Single Euro Payments Area (SEPA) scheme. BNP Paribas will sponsor WorldFirst’s participation in the SEPA scheme, allowing WorldFirst to leverage the bank’s expertise and products to expedite its integration and onboarding onto SEPA.

Cross-Border Payments 96

Cross-Border Payments Cross-Border Treasury Management Treasury 96

The Fintech Times

JULY 15, 2024

The two organisations have agreed to work together to strengthen WorldFirst’s participation in the Single Euro Payments Area ( SEPA ) scheme. BNP Paribas will sponsor WorldFirst’s participation in the SEPA scheme, enabling WorldFirst to leverage the bank’s expertise and products to expedite its integration and onboarding onto SEPA.

Cross-Border Payments 49

Cross-Border Payments Cross-Border Payment Solutions Treasury Management 49

Finovate

JULY 26, 2024

Valor Capital Group and Jump Trading Group also participated as new investors along with existing shareholders J.P. Founded in 2021, the Singapore-based company offers banks unified, ledger-based interbank rails for real-time clearing and settlement. Morgan, Standard Chartered, and Temasek.

AI 72

AI Cross-Border Payment APIs and Integration Multi-Currency 72

Segpay

JUNE 25, 2024

Transaction Settlement : The PSP or intermediary ensures that the funds are settled between the customer’s and merchant’s banks, typically through the banking system’s clearing and settlement processes. Faster Settlement : Pay by Bank transactions often offer real-time or near-real-time settlement.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

PYMNTS

NOVEMBER 14, 2018

What does that mean for liquidity? “One of the difficulties currently is that motivation amongst some industry participants [to adopt real-time liquidity] is relatively limited,” Deutsche Bank noted. This adoption curve is likely to repeat itself in a real-time payments environment, the report predicted.

Real Time Payments 78

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

PYMNTS

SEPTEMBER 26, 2019

However, progress remains slow, not least of all because the stakes can be high: With so many financial institutions participating in a consortium or pilot, inter-functionality becomes more complex, while the demand to manage many (sometimes differing) end-user demands also adds complication. Frazier offered the example of a U.S.

Blockchain 61

Blockchain Cross-Border Cross-Border Payments Liquidity Management 61

Clearly Payments

AUGUST 1, 2024

This trend is supported by the development of infrastructures like the Single Euro Payments Area (SEPA) Instant Credit Transfer scheme, which allows euro transactions to be processed within seconds across participating countries.

Process 52

Process Fraud Prevention Online and Mobile Banking Payments 52