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Visa Inc and J.P. Morgan Payments Forge Strategic Collaboration to Revolutionize Faster Money Movement in the US through Visa Direct

Fintech Finance

Combining Visa Direct’s real-time1 reach to bank accounts across the US, proven security, trust and value added services developed over decades will further enhance J.P. John Skinner, co-head of Treasury Services at J.P. Morgan Payments’ money movement solutions offered across client segments and business units.

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Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments

PYMNTS

According to Domenico Scaffidi , head of market infrastructures at Volante , there is a bit of a conundrum: While the most obvious value proposition of real-time payments is speed, corporate customers require value-added services alongside real-time payments on the basis that moving money in real time is not enough.

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Citi Explores The Real-Time Payments User Experience

PYMNTS

The B2B space now sees the benefit [of real-time payments], which is not just about having the ability to do real-time liquidity management or the ability to make emergency payments,” he said. “It’s It’s also about all of the value-adds it brings in. But with the U.S.

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Happy First Birthday FedNow: But is This a Cause For Celebration?

The Fintech Times

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.

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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

He said there are going to be some institutions that will want to connect with both instant payment services — FedNow and The Clearing House (TCH)’s real-time payments ( RTP ) network — in a desire to ensure resiliency and redundancy to support outages in one system to the other, if they were to occur. Digital Dollars, Too? .

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FedNow And ISO 20022 Are Here — What Now For FIs And Faster Payments?

PYMNTS

APIs allow banks the opportunity to offer value-added services that can be relatively easy to layer on top of new real-time payment rails, leading to improved customer products and services, better access to customer data and, for the FIs themselves, the boon that comes with better visibility into cash flow.

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Digital Transformation Accelerates Emerging Payment Platforms

PYMNTS

Aiding that is the fact that VolPay, Volante’s API-enabled platform, includes analytics, liquidity management and virtual accounts and can process domestic and international payments. But Scaffidi added that no payment modernization trends make sense unless they give customers better, more seamless experiences.