FICO

MARCH 24, 2021

New payment and financing solutions (such as the Bank Payment Obligation or BPO) aimed at supporting global supply chains, along with the expectation of near real-time settlement of financial transactions.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

Finovate

OCTOBER 21, 2024

Mastercard unveiled an offering this week that will allow commercial users to make cross-border payments in near-real-time. However, many businesses still struggle with cross-border payments, frustrated by hidden costs and unpredictable settlement speed.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa FedNow 59

Fintech Finance

MAY 2, 2024

SIC5 is the latest generation of the Swiss Interbank Clearing System (SIC) from the Swiss National Bank (SNB) and SIX, enabling the near real-time transfer of funds between banks in Switzerland and Liechtenstein. Large banks are mandated to connect to SIC5 by August 2024, followed by remaining banks in 2026.

Instant Payments 52

Instant Payments Near Real-Time Non-Bank Settlement 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

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

Tearsheet

JANUARY 9, 2025

At settlement, foreign exchange (FX) services can be integrated into the payment process, enabling businesses to capture additional commercial opportunities. Banking partners can then insert themselves into the currency conversion flow, potentially providing better rates to beneficiaries creating a win-win situation, notes Southall.

Embedded Payments 59

Embedded Payments B2C B2B Embedded Finance 59

Fintech Finance

SEPTEMBER 4, 2024

More confidence for businesses Visa A2A also benefits businesses, as near real-time settlement through Pay.UK’s Faster Payment System gives them greater visibility over payments and makes cash flow management simpler.

Consumer Protection 96

Consumer Protection Consumer Payments Disputes 96

The Paypers

MARCH 19, 2019

(The Paypers) IBM has unveiled a global blockchain network, Blockchain World Wire, that will offer near real-time cross-border payment exchange and international settlement.

Cross-Border Payments 31

Cross-Border Payments Cross-Border Blockchain Near Real-Time 31

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. VIRTUAL CURRENCIES / CREDITS: More and more companies will start to offer exchange and settlement of virtual currencies and credits that may be specific to a social network, gaming network, etc.

Cross-Border 52

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

PYMNTS

AUGUST 7, 2020

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. The Fed is defining instant payments as a subset of payments in which an end user receives funds in near real time, with immediate interbank settlement of the payment also having occurred.

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75

PYMNTS

SEPTEMBER 18, 2019

financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). In a press release on Tuesday (Sept. The pilot will also allow various Wells Fargo locations to move funds between each other outside of normal operating hours.

Distributed Ledger Technology (DLT) 49

Distributed Ledger Technology (DLT) Stablecoins Cross-Border Cross-Border Payments 49

PYMNTS

JULY 24, 2018

All of those transactions will happen in near real time, he explained. Dealing with things like settlement, pre-funding and compliance on top of solving for a host of standardization issues – at scale, takes scale.”. I think the complexity of the cross border market can be easy to overlook ,” Holmes explained.

P2P 89

P2P Cross-Border Push-to-Card B2C 89

PYMNTS

MAY 4, 2017

The company announced Wednesday (May 3) that it supports 11 settlement currencies that can be used to fund companies’ Transpay accounts, negating the need to convert funds before a transaction is initiated. Cross-border payments company Transpay is expanding with new global currencies supported by its platform.

Cross-Border 40

Cross-Border Cross-Border Payments Near Real-Time Wire 40

The Fintech Times

SEPTEMBER 5, 2024

Designed in partnership with a number of UK fintechs, including Banked , Modulr , Moneyhub , Vyne and Yaspa , Visa A2A also benefits businesses, as near real-time settlement through Pay.UK’s Faster Payment System gives them greater visibility over payments and makes cash flow management simpler.

Disputes 59

Disputes Payments Near Real-Time Faster Payments 59

The Fintech Times

OCTOBER 11, 2024

A bank could also enable their customers to use a fiat-backed token to purchase tokenised commodities or tokenised treasuries with near-real time settlement onchain. There is a growing ecosystem where tokenised real-world assets are being issued across multiple permissioned and public blockchain networks.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Near Real-Time Participant 52

BitPay

APRIL 25, 2023

Making cross-border payments in crypto allows for near real-time settlement while reducing transaction costs. Marketplace and affiliate settlements Stablecoins are an ideal solution to pay out sellers and affiliates at scale.

Stablecoins 52

Stablecoins Cross-Border Cross-Border Payments Payroll 52

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

MAY 28, 2020

Mastercard Send, Mastercard’s global push payments platform, is designed to help SMBs through enabling their merchant settlement funds in near-real time through their acquirers. “And you know these days, immediacy matters.”. Instant push payments replace the days of waiting that are common with ACH transfers.

Visa 61

Visa Consumer P2P ACH 61

PYMNTS

JULY 24, 2017

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. His ask, at the time, was nothing more than to meet again once he rustled up some capital and a few like-minded innovators to further flesh out his idea.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

PYMNTS

NOVEMBER 8, 2017

However, in its latest report, only a handful of existing real-time payments programs that support B2B transactions scored a 4 on the innovation scale, meaning the program “meets some features maximizing customer value.”. This scheme supports near real-time transactions and, like Denmark’s, operates 24/7.

Real Time Payments 40

Real Time Payments B2B Innovation Faster Payments 40

PYMNTS

SEPTEMBER 6, 2018

The company said that the Blockchain World Wire can simultaneously clear and settle cross-border payments in near real time. The digital asset facilitates the trade, and supplies important settlement instructions.

SWIFT 40

SWIFT Payment Initiation Caps Cross-Border Payments 40

PYMNTS

AUGUST 24, 2016

Without near-real-time payroll tools, the wait for employees to actually see their earnings can be a challenge. NACHA released a survey in 2014 that found more than 90 percent of payroll professionals surveyed agree that same-day settlements can help them boost efficiency in getting wages to employees.

Faster Payments 42

Faster Payments Same Day ACH Payroll On-Demand 42

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

OCTOBER 1, 2018

While bitcoin and crypto garner the headlines, innovators are taking the best of distributed, permissioned, secure and private ledger tech, and digitizing assets issued by regulated financial services companies and governments to clear and settle transactions in near real time, globally, at scale.

Bitcoin 85

Bitcoin Blockchain Cryptocurrency Innovation 85

Fintech Labs Insights

JANUARY 12, 2017

Areas of focus include clearing and settlement, wholesale payments, equity and debt issuance, and reference data. Ripple is also involved in India’s Axis Bank and it plans to use Ripple’s network for real-time settlement of cross-border transactions. 2016 was a major year for Ripple.

Blocks 21

Blocks Blockchain FinTech Bitcoin 21

PYMNTS

SEPTEMBER 26, 2019

The FI revealed plans to pilot its Wells Fargo Digital Cash service, a solution designed for Wells Fargo’s own internal settlement capabilities when moving money between corporate accounts across borders. Wells Fargo is not, of course, the only financial institution planning to operate a real-world application of blockchain technology.

Blockchain 61

Blockchain Cross-Border Cross-Border Payments Liquidity Management 61

PYMNTS

OCTOBER 16, 2017

The notion that bitcoin is going to power a global financial network that moves and settles trillions of dollars in real or near real time is implausible. And that’s still on relatively small volume. Bitcoin is also anything but free. That means that those costs are passed down the ecosystem to end users.

Cryptocurrency 71

Cryptocurrency Bitcoin Near Real-Time Use Case 71

The Fintech Times

APRIL 15, 2025

Clients will be able to access funds on demand with weekend processing and extended same-day FX settlements, offering enhanced flexibility, speed and efficiency. Morgan will enable us to make 24/7, near-real-time payments across major global financial centres. This collaboration with Kinexys by J.P.

Deposit Account 64

Deposit Account Cross-Border Blockchain Accounts 64

Fintech Finance

APRIL 13, 2025

Clients can access funds on demand with weekend processing and extended same-day FX settlements, offering enhanced flexibility, speed and efficiency. As we expand SwapAgent’s settlement capabilities and enhance our digital presence, we’re eager to collaborate with Kinexys by J.P. This collaboration with Kinexys by J.P.

Deposit Account 59

Deposit Account Blockchain Cross-Border Accounts 59

The Payments Association

FEBRUARY 17, 2025

Improved cash flow management: Faster processing and settlement of invoices lead to improved cash flow management. Payment providers benefit from quicker payments, which enhances their liquidity and operational efficiency. This data collection enhances transparency and compliance, benefiting both the authorities and the payment industry.

Fraud Detection 88

Fraud Detection Payments Compliance XML 88