The Fintech Times

MARCH 25, 2025

The Somalian financial ecosystem has taken its next step in the digital world as the Central Bank of Somalia’s (CBS) payments initiative, the Somalia Payment Switch (SPS), has successfully launched the country’s first instant payment system.

Instant Payments 59

Instant Payments Payments Settlement Central Bank 59

PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. If they have a big order and need to be paid immediately, it could come in that way [through instant payments]. Digital Dollars, Too? .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

NOVEMBER 24, 2020

Via its range of MULTIVERSA products, CoCoNet will first implement data exchange standardization via the EBICS protocol, remote payment authorization, the ability to retrieve account information across multiple banks, cash pooling and liquidity management solutions, and payment initiation services.

Payment APIs and Integration 60

Payment APIs and Integration Small Business API Underwriting 60

PYMNTS

NOVEMBER 28, 2016

Several years later, the initiative has made big strides as other markets around the globe look to the U.K. to launch their own faster payments efforts. But there is still a long ways to go, and in the several years since the Faster Payments initiative first began, it’s also morphed to evolve along with the technology available.

Faster Payments 54

Faster Payments Real Time Payments Payments Instant Payments 54

PYMNTS

OCTOBER 24, 2019

Without the ability to obtain bank account data in real time, organizations and their treasurers cannot quickly and efficiently analyze cash positions, initiate transactions, or forecast cash flow. The pressure is on our industry as a whole to deliver solutions that will help corporate treasurers work faster, better and smarter,” he said.

Treasury 40

Treasury Treasury Management Cross-Border Payment APIs and Integration 40

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

Segpay

JUNE 25, 2024

Last year, Currence iDEAL and PQI, a Luxembourg-based payment solutions provider that served iDEAL in the Netherlands, Bancontact Payconiq Company in Belgium, and Payconiq in Luxembourg, were acquired by the European Payment Initiative (EPI) to establish a new innovative, and unified payment solution for Europe.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52