Finovate

OCTOBER 21, 2024

Move Commercial Payments offers features like liquidity management, integration with existing SWIFT systems, and helps to reduce counterparty risk. Mastercard unveiled an offering this week that will allow commercial users to make cross-border payments in near-real-time. Photo by Lea L on Unsplash

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa FedNow 59

The Paypers

AUGUST 21, 2023

Mastercard has announced its partnership with Checkout.com to enable Careem Pay customers in the UAE area to access secure and fast near real-time payments.

Visa 36

Visa Near Real-Time Real Time Payments Security 36

Fintech News

JANUARY 30, 2024

Additionally, it offers access to near-real-time payment information, facilitating more efficient reconciliation of financial data across systems and supporting quicker, more informed decision-making.

Reconciliation 98

Reconciliation Near Real-Time Payments Real Time Payments 98

PYMNTS

JANUARY 22, 2021

"Our strategic partnerships have enabled MoneyGram to create the world's leading network, and this expansion is another milestone on our journey to lead the evolution of digital P2P payments," Alex Holmes, MoneyGram chairman and CEO, said in a press release on Friday (Jan. using Visa Direct. "Now MoneyGram is in favor of a proposal by U.S.

P2P 107

P2P Cross-Border Real Time Payments Cross-Border Payments 107

Payments Source

DECEMBER 27, 2016

Australia’s central bank is set to deploy a new, faster payments system enabling near real-time payments for consumers and businesses that will roll out in 2017.

Central Bank 60

Central Bank Faster Payments Near Real-Time Real Time Payments 60

PYMNTS

JANUARY 14, 2021

The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. RTP already accounts for more than 6 percent of Modern Treasury volume.”.

RTP 62

RTP Real Time Payments Payment APIs and Integration Digital Currency 62

Fintech Finance

JANUARY 30, 2024

Businesses can also access near-real-time payment information, enabling them to reconcile financial information across systems with greater efficiency which enables faster, more informed decision-making.

Near Real-Time 52

Near Real-Time B2B ACH Automation 52

Payments Source

JANUARY 9, 2019

Cross River Bank has formed a partnership with Stripe that Gilles said will handle every debit push payment within its platform in near real time via Mastercard Send and Visa Direct.

Near Real-Time 72

Near Real-Time Visa Payments Real Time Payments 72

Segpay

SEPTEMBER 24, 2024

Pay by bank transactions are less than card transactions and can offer faster settlements due to real-time or near real-time settlements. This can improve cash flow as funds from bank transfers can be deposited into the merchant’s account in real time. Processing fees are also lower.

Accounts 98

Accounts Online and Mobile Banking Payments Authentication 98

PYMNTS

OCTOBER 24, 2016

“Having the ability to allow payees to deposit their earnings onto existing debit cards — in near real-time, no less — is just one of the many ways Hyperwallet is helping new economy companies pay their supply-side drivers, taskers and sellers faster,” said Hyperwallet CEO Brent Warrington in the press release.

Debit Card 70

Debit Card Payee Near Real-Time Push-to-Card 70

PYMNTS

AUGUST 7, 2020

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. Instant payments will enable millions of American households and small businesses to get instant access to funds, rather than waiting days for checks to clear.”. If all goes as planned, that is.

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75

PYMNTS

MARCH 4, 2020

Singapore-based bank DBS is offering an API-powered payment service that lets companies scan QR codes on invoices to then immediately pay suppliers via the city-state’s near-real-time payments rail. For more on these and all the rest of the latest B2B API headlines, download the Tracker.

API 96

API Treasury Payment APIs and Integration B2B 96

Fintech Finance

JANUARY 10, 2024

Flexible Payment Maximums Based on Industry: Businesses can have custom disbursement limits for push-to-card and bank transfers to effortlessly scale their processes. Embedded Compliance: Finix conducts the necessary compliance checks on recipients ahead of sending money between parties. enabled by Visa Direct.”

Payment APIs and Integration 52

Payment APIs and Integration Security Tax Refunds Push-to-Card 52

PYMNTS

JUNE 26, 2017

Visa B2B Connect aims to provide near real-time notification and finality of payment, the company explained. In an interview with PYMNTS last year, Chain’s Ludwin explained that real-time payments are becoming a necessity for corporates and that blockchain brings that capabilities to the banks.

B2B 56

B2B Blockchain Real Time Payments Near Real-Time 56

PYMNTS

DECEMBER 2, 2019

In the latest iteration of the “Executive Insight” series, executives at Citigroup take stock of the treasury function evolution from a somewhat predictable, visible monitoring of cash positions on a daily or weekly basis, marked by batch processing … to today’s necessity of managing cash in near-real-time, sometimes pressure-cooker situations.

Cross-Border 55

Cross-Border Cross-Border Payments Payment APIs and Integration Treasury 55

PYMNTS

SEPTEMBER 4, 2018

The enterprise is still unsure about faster and real-time payments. With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. Yet there is some adoption of faster payment technologies among corporates.

Treasury 44

Treasury Faster Payments Real Time Payments Liquidity Management 44

The Fintech Times

FEBRUARY 21, 2024

Transaction data, particularly in the context of cross-border payments, has grown increasingly vital as transactions move towards near-real-time processing, with the goal of achieving real-time transactions. I think it’s fair to say that Asia is currently at the forefront of innovations in payment systems.

APACS 57

APACS Legal Framework Finance Cross-Border 57

PYMNTS

JANUARY 17, 2017

s Faster Payments scheme is a critical component of the nation’s push towards real-time payments. The scheme offers real-time credits for payments made online, via mobile device and over the phone, when payments are valued at about $300,000 or less — making it a main player in P2P and SME payments.

Faster Payments 43

Faster Payments ISO 8583 ISO 20022 Message Standards 43

Finance Magnates

MARCH 26, 2023

The second factor is the near real-time settlement between the two financial institutions that were doing the remittance (i.e. Sender’s Bank and Beneficiary’s Bank). Now, more than a decade later, we can evaluate how accurate your predictions were and what has actually transpired in the industry since then.

Cross-Border 52

Cross-Border Suspicious Activity Report (SAR) Money Laundering SARS 52

PYMNTS

DECEMBER 3, 2020

The system can provide insurance-policy holders with claim payments in near real time using their preferred payment method. Additionally, the initiative can serve the gig economy through offering real-time payments to any account.

Treasury 89

Treasury Visa Digital Payments Debit Card 89

PYMNTS

APRIL 24, 2020

“You have to employ the full breadth of capabilities in order to reduce fraud and risk exposure associated with real-time and near-real-time payments.” . “There is no silver bullet,” said Thorness.

ACH 64

ACH Government Governance B2G 64

The Fintech Times

MARCH 26, 2024

This shift is propelling an increase in low-value payment transactions, effectively displacing cash from the equation. Another key trend is the rise of P2P payments. Alternative payment methods and e-wallets are revolutionising how people transact, providing near real-time fund transfers.

Innovation 57

Innovation Alternative Payment Methods Payments SWIFT 57

Payments Source

SEPTEMBER 10, 2020

With businesses requiring stronger liquidity, BMO will use its online platform and Interac's receivables service to support simultaneous near real-time payment requests to multiple recipients.

Near Real-Time 80

Near Real-Time Real Time Payments Payments 80

Payment Savvy

MAY 16, 2023

Instant ACH transfers are a modern innovation in digital payments, allowing for near-real-time movement of funds between bank accounts. Unlike traditional ACH transfers, which can take several days to process, instant ACH transfers significantly reduce the waiting time, making funds available to recipients within minutes.

ACH 94

ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

PYMNTS

AUGUST 1, 2019

Interoperability initiatives are making headway in the private sector, as well, with global interbank messaging giant SWIFT propelling interoperability by allowing blockchain firms to make use of SWIFT global payments innovation (GPI) for near real-time payments.

Cross-Border Payments 43

Cross-Border Payments Cross-Border Interoperability Electronic Funds Transfer (EFT) 43

PYMNTS

NOVEMBER 17, 2017

Corporates aren’t that interested in real-time payments. At least, that’s according to a report from the EuroFinance Corporate Treasury Network published last month, which found less than half of corporate treasurers say having the ability to make a real-time payment is a priority.

Faster Payments 41

Faster Payments Payer Real Time Payments Payments 41

PYMNTS

DECEMBER 16, 2020

London cloud-processing platform Form3 is partnering with Mastercard to enhance and streamline real-time payments worldwide. By harnessing the power of cloud-based architecture, financial institutions will be able to “safely and securely handle significant payment processing volume in near-real time.” .

Real Time Payments 133

Real Time Payments Visa Faster Payments Near Real-Time 133

PYMNTS

NOVEMBER 13, 2019

Faster payments continue to gain traction in the U.S., However, real-time payments (RTP) have a long way to ubiquity, and while each payment rail has its advantages, each also has drawbacks that could stifle efforts for near-universal adoption. Payment Rail Collaboration. In the U.S., ”

Real Time Payments 51

Real Time Payments Faster Payments Federal Reserve RTP 51

Segpay

JUNE 25, 2024

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. This improves cash flow for businesses.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

PYMNTS

SEPTEMBER 6, 2018

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.

SWIFT 40

SWIFT Payment Initiation Caps Cross-Border Payments 40

PYMNTS

JULY 24, 2017

Take faster payments. One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time. The grandness of his vision and success, with a proof of concept, prompted him to reach out to the U.S.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

Fintech Finance

DECEMBER 12, 2023

Gavin McMillan, RevoluGROUP CEO, said , “Our alliance with Visa goes beyond being merely a partnership; it is a commitment to continue providing secure, innovative, and nearly real-time payment solutions to our customers and private label partners.

P2P 52

P2P Near Real-Time Facilitators Payments 52

PYMNTS

JULY 10, 2019

The data focus of faster payments, open banking and bank-FinTech collaboration makes these trends surprisingly agile vehicles for B2B payments disruption. Faster Payments. Such visibility enables real-time analysis of risk exposures for more agile FX hedging and risk management.

B2B 62

B2B Payment APIs and Integration Faster Payments Reconciliation 62

PYMNTS

AUGUST 14, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their way into the Canadian market.

Faster Payments 40

Faster Payments Near Real-Time Payments Industry Trends 40

PYMNTS

MARCH 28, 2017

A modernized system enables people or businesses to have access to the money in near real time. As a consumer or business, knowing that the money has left your account and the person on the other side is able to use the money in near real time makes it massively beneficial. The Canadian Advantage.

Faster Payments 52

Faster Payments Payments Payment APIs and Integration Near Real-Time 52

Finovate

FEBRUARY 22, 2024

that will enable businesses to send and receive FDIC-insured payments in near-real-time. government’s real time payment service, launched last July. Specifically, the company plans to launch new banking-as-a-service features for merchants and has plans to unveil a FedNow offering in the U.S.

Instant Payments 52

Instant Payments FedNow FDIC Gateways 52