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IBM, SWIFT Cap X-Border Payments Initiatives       

PYMNTS

The process integrates the World Wire API into banks’ payment systems. The company said that the Blockchain World Wire can simultaneously clear and settle cross-border payments in near real time.

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ZayZoon Taps APlus For On-Demand Payroll

PYMNTS

Workers can see a portion of their wages transferred to their bank accounts in near real-time for reduced cash flow pressure while professionals wait for their official payday. using payday loans or banking overdrafts on a regular basis — solutions that can lead to added fees and greater financial burdens.

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B2B Not A Vital Part Of Real-Time Payments Innovation, Yet

PYMNTS

“Financial institutions need to be actively exploring use cases for real-time payments within their own organizations for meeting the requirement of their customers. Those who wait may find themselves left behind as the faster payments revolution takes hold.”.

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Inside HSBC’s PSD2-Ready API Portal

PYMNTS

Others are working toward tougher security, with Payments NZ , the organization governing New Zealand’s core payment system, releasing new API standards for account data and payment initiations. These standards are the first of their kind in the country, and are intended to facilitate the launch of new offerings.

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What Faster Payments Mean For Payday

PYMNTS

Without near-real-time payroll tools, the wait for employees to actually see their earnings can be a challenge. With so many workers getting paid via direct deposit, Same Day ACH and other faster payments initiatives could theoretically lead to improvements in corporate payroll strategy.

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Open Banking Adds Intelligence To Treasury Management

PYMNTS

Turner noted that FinTechs that are able to wield data-sharing opportunities can then automate the aggregation and normalization of financial data across platforms automatically, enabling financial controllers and other executives to obtain their cash positions in near real-time. ”

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The Benefits of Instant Pay by Bank Payment Methods

Segpay

Faster Settlement : Pay by Bank transactions often offer real-time or near-real-time settlement. This improves cash flow, as funds from bank transfers can be deposited into the merchant’s account in real-time.