Tearsheet

MAY 1, 2024

The RTP payments network reached a milestone by processing over 1 million payments in a single day on September 1, 2023. EWA and gig worker payments emerged as the network’s primary drivers , surpassing account-to-account (A2A) transfers.

Real Time Payments 119

Real Time Payments Credit Cards RTP PayPal 119

Finovate

JUNE 10, 2024

Earlier this year, we looked at how the drive for real-time payments in the West could benefit from studying the successes of India’s real-time payments network , UPI. Last month, NIPL announced that it was working to bring a UPI-type payment system to Namibia.

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Real Time Payments Technology Financial Inclusion Financial Literacy 83

Fintech Finance

FEBRUARY 28, 2024

It means Colombian businesses and consumers will be able to reap the many benefits of real-time payments, including economic growth and financial inclusion. Globally, ACI covers approximately one-third of the countries that offer real-time payment services, reaching about 1.8

Real Time Payments 81

Real Time Payments Financial Inclusion Central Bank Payments 81

Payments Source

MAY 27, 2020

Mobile and contactless payments have generated more consumer attention as ways to safely move money during the coronavirus pandemic, but there's also a growing wave of support for The Clearing House's Real Time Payments network for banks.

Real Time Payments 67

Real Time Payments Payment Networks Contactless Payments Payments 67

Finextra

NOVEMBER 12, 2024

The RTP network, the largest instant payments system in the United States operated by The Clearing House, now averages over 1 million payments per day.

Real Time Payments 59

Real Time Payments RTP Payment Networks Instant Payments 59

Fintech Finance

JUNE 20, 2024

AMINA Bank , a licensed and FINMA-regulated digital assets bank, has today announced the launch of the AMINA Payment Network (APN). Designed to address the needs of the crypto banking world, APN helps to facilitate real-time payments to other APN members.

Payment Networks 96

Payment Networks Cross-Border Real Time Payments Payments 96

Payment Savvy

FEBRUARY 24, 2023

Real-time payments have revolutionized how we make financial transactions, providing unparalleled speed, convenience, and security. With real-time payments, money can be transferred almost instantly from one person to another, anywhere in the world.

Real Time Payments 98

Real Time Payments Payments Risk Cash Management 98

PYMNTS

MARCH 6, 2020

Real-time payments are imperative for running successful operations in today’s global ecosystem. Many of these providers are particularly competing for small- to medium-sized businesses (SMBs) to join their faster payments network over another, which can be tricky as more competitors enter this space.

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Real Time Payments TCH Faster Payments Point-of-Sale (POS) 121

Finovate

MARCH 4, 2024

Though The Bancorp Bank, Galileo will leverage The Clearing House’s Real Time Payments network to offer real-time payments to help its retail and commercial clients transfer money in real time, 24-hours a day. The Clearing House competes directly with the U.S.

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Real Time Payments RTP FedNow Payments 64

PYMNTS

DECEMBER 18, 2018

Amazon , Apple and Google are among the large tech companies that are throwing their support behind the creation of a real-time payments network in the U.S. to speed up payments. to speed up payments. led by the Federal Reserve. That hasn’t been adopted by smaller financial firms, noted the report.

Real Time Payments 83

Real Time Payments Fed Federal Reserve Payment Networks 83

Payments Source

AUGUST 29, 2019

But big banks see the slow rollout as an opportunity to expand their own instant payment network. Community banks and tech companies that are happy the central bank is building a next-generation system are not as pleased with its four- to five-year timeline.

Real Time Payments 82

Real Time Payments Payment Networks Fed Community Banks 82

The Paypers

JANUARY 9, 2023

US-based challenger bank NorthOne has joined The Clearing House ’s real-time payment network in partnership with The Bancorp Bank.

Real Time Payments 41

Real Time Payments Payment Networks Payments 41

PYMNTS

JULY 22, 2020

Yet for many entities, the concept of implementing real-time processing across an entire system can feel overwhelming complex. As real-time payment infrastructure grows more sophisticated, technology presents an opportunity for organizations to mitigate the adoption hurdle. ” Becoming More Adaptive.

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Real Time Payments FedNow Payments Faster Payments 90

Fintech Finance

DECEMBER 13, 2023

The Central Bank of Colombia, Banco de la República , today announced it is partnering with ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software , to build a new domestic real-time payments ecosystem as part of a nationwide banking transformation project.

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Real Time Payments Central Bank Financial Inclusion Payments 52

Fintech Finance

JUNE 5, 2024

NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) have announced a partnership to enable the deployment of a UPI-like real-time payments system in Peru. This strategic partnership empowers the BCRP to establish a reliable and efficient real-time payments platform within the country.

Real Time Payments 52

Real Time Payments Financial Inclusion Agreements International Payments 52

Payments Source

MAY 14, 2019

The Clearing House's Real-Time Payments Network has been slow out of the gate, but it's getting some much needed adoption via a collaboration between personal financial management fintech Digit and JPMorgan Chase.

Real Time Payments 86

Real Time Payments FinTech Payment Networks Payments 86

The Paypers

JUNE 11, 2021

Ria Money Transfer has announced the launch of instant payments in Brazil via the country’s PIX real-time payments network.

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Real Time Payments Instant Payments Payment Networks Payments 83

Payments Source

OCTOBER 29, 2019

Many small banks remain skeptical of the payments network because it is owned and operated by big banks and they are waiting for the Federal Reserve to launch a rival service.

Real Time Payments 65

Real Time Payments Payment Networks Community Banks Federal Reserve 65

PYMNTS

MAY 20, 2020

Accomplishing this task poses a unique set of challenges, however, particularly when it comes to real-time payments. The 27 EU member states have their own financial systems, and many have also implemented their own domestic real-time payments rails. The Past and Future of EU Real-Time Payments.

Real Time Payments 84

Real Time Payments Cross-Border Cross-Border Payments Central Bank 84

PYMNTS

JULY 31, 2018

A recent survey of 20 of the nation’s top-60 banks found that there’s a lack of consensus among banks when it comes to managing and charging businesses for real-time payments. Around The Faster Payments World. In Europe, faster payment services are seeing increased adoption. Can The U.K.’s

Real Time Payments 59

Real Time Payments Payment Networks Faster Payments Online and Mobile Banking 59

PYMNTS

OCTOBER 14, 2019

The tool allows Paychex Flex Time users to clock in and out, take breaks and track meals through permission-based GPS location tracking. Paychex also announced support for real-time payments to address the cash flow concerns of professionals living paycheck-to-paycheck.

Real Time Payments 76

Real Time Payments Same Day ACH Payroll Payments 76

PYMNTS

JANUARY 26, 2021

According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

Fintech News

OCTOBER 20, 2024

Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable.

Cross-Border Payments 123

Cross-Border Payments Cross-Border SWIFT ISO 20022 123

The Fintech Times

JANUARY 19, 2024

Financial firms in the US are highly interested in faster payment networks, with 78 per cent saying it is a ‘must-have’ for their organisation; according to Volante Technologies , the payments-as-a-service (PaaS) firm.

Faster Payments 64

Faster Payments Payment Networks FedNow TCH 64

Tom Groenfeldt

JANUARY 24, 2019

Merchants want to Fed to operate a real-time payments network as an alternative to the private network developed by the nation's largest banks through The Clearing House with technology from Mastercard.

Real Time Payments 40

Real Time Payments Fed Payment Networks Visa 40

PYMNTS

OCTOBER 15, 2020

Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a use case “that’s going to tip the scale here.” Real-time payment is also is finding traction in the gig economy, allowing employees to be paid on a regular basis, even daily.

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

PYMNTS

AUGUST 4, 2019

The United States is far behind other countries in terms of having real-time payments,” Fed Chairman Jerome Powell said last week, adding that while the Fed hasn’t made a decision on whether to move forward, the central bank has a long history of providing payments services to banks. We have a real-time payments network.

Real Time Payments 77

Real Time Payments Fed Federal Reserve Instant Payments 77

The Paypers

JUNE 12, 2024

US-based Dash Solutions has expanded its collaboration with Visa , utilising Visa Direct, Visa's digital payment network.

Real Time Payments 41

Real Time Payments Payment Networks Payments Digital Payments 41

Payments Source

FEBRUARY 12, 2018

Early adopters of The Clearing House’s Real Time Payments network have built gateways and accelerated fraud detection systems.

Real Time Payments 63

Real Time Payments Fraud Detection Gateways Payment Networks 63

PYMNTS

DECEMBER 6, 2017

PNC announced it is now live on The Clearing House’s real-time payments network RTP, according to a press release published on Tuesday (Dec. via Finastra ’s Fusion Payments, a payment services platform. PNC customers can now gain access to real-time transactions, the release said.

Real Time Payments 40

Real Time Payments Payment Networks RTP RFP 40

Bank Automation

AUGUST 13, 2024

NEW YORK — BNY is developing a cross-border instant payments solution to keep up with demand for real-time payments. There are 90 real-time payments networks across the globe, Carl Slabicki, co-head of global payments at BNY Treasury Services, said today at a roundtable hosted by the $30 billion financial institution.

Cross-Border 75

Cross-Border Instant Payments Payment Solutions Real Time Payments 75

Payments Source

MAY 13, 2021

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Real Time Payments 117

Real Time Payments Payment Networks Payments Rules 117

The Paypers

DECEMBER 14, 2023

Real-time payments provider Allied Payment Network has partnered with US-based MY CREDIT UNION to integrate with its digital banking platform.

Credit Union 36

Credit Union Payment Networks Real Time Payments Payments 36

Fintech News

NOVEMBER 5, 2024

The partnership allows financial institutions to connect with Nium for faster, more transparent cross-border payments. By leveraging Partior’s blockchain technology, Nium offers 24/7 real-time payments, clearing, and settlement to over 100 markets, enhancing service efficiency and reducing delays.

Cross-Border Payments 117

Cross-Border Payments Cross-Border Multi-Currency Real Time Payments 117

PYMNTS

OCTOBER 6, 2020

financial industry that was founded before the Civil War, to drive adoption of real-time payments across the banking industry. Founded in 2003, Alacriti , which works with banks and other clients on making the transition to digital payments, said on Tuesday (Oct.

Real Time Payments 46

Real Time Payments RTP Credit Union Payments 46

Payments Dive

DECEMBER 13, 2023

The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.

FedNow 130

FedNow RTP Real Time Payments Payment Networks 130

PYMNTS

NOVEMBER 4, 2019

Competitive forces in the payments and financial services sector have driven two key trends in the U.S.: the acceleration of payments, and the adoption of open banking frameworks. Looping Into Faster Payments. Kovacs pointed to The Clearing House ’s real-time payments service, RTP, as an example of this.

Real Time Payments 44

Real Time Payments RTP Payment APIs and Integration Faster Payments 44