Remove Payments Strategy Remove Real Time Payments Remove RTP
article thumbnail

Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments.

article thumbnail

Banks’ Uncertain Real-Time Payments Strategy Brings Challenges To FinTech Firms

PYMNTS

The uncertainty around how, exactly, businesses will adopt faster payments could play a role in how banks are or aren’t establishing a clear road map for launching real-time payment services. ” There are other imbalances in banks’ RTP plans for B2B payments, too.

article thumbnail

PayFi Teams With The Clearing House For Real-Time Payments Platform

PYMNTS

Payment company PayFi and The Clearing House (TCH) have partnered to bring real-time payments technologies to the community banks on PayFi’s Branch99TM Real-Time Platform, according to a release. “We PayFi said its RTP network is the first new core payments infrastructure in over 40 years.

article thumbnail

Trustly Selects Newline™ by Fifth Third to Drive Innovation in U.S. Payment Capabilities

Fintech Finance

Working together, Trustly and Newline will drive innovation across the money movement landscape, including payments via the Automated Clearing House (ACH) and Real Time Payments (RTP) networks, and Trustly’s pay-by-bank ecosystem. The post Trustly Selects Newline™ by Fifth Third to Drive Innovation in U.S.

RTP 96
article thumbnail

Third Parties Help Central Banks Ride RTP Rails

PYMNTS

The organization’s Faster Payments Playbook Project Team recently held its first in-person meeting. Members gathered to discuss which key topics needed to be featured in a Faster Payments Playbook, a resource that would guide FIs in their faster payment strategies. are working to promote faster payments.

article thumbnail

Paymentology’s predictions for 2025

The Payments Association

.” Merusha Naidu, global head of partnerships , says, “Global cashless payment volumes are projected to increase by more than 80% between 2020 and 2025, from about 1 trillion transactions to almost 1.9 Real-time payments (RTP) could reach $193.1 billion within the multi-rail payments ecosystem by 2030.

article thumbnail

Backbase and Alacriti Partner to Provide Instant Payment Solutions for Financial Institutions

Fintech Finance

Through this partnership, Backbase clients will be able to offer instant payment capabilities to their customers. Backbase, leveraging Alacriti’s Orbipay Payments Hub , will support end-to-end payment orchestration and processing through the RTP® network, the FedNow® Service, Visa Direct, Fedwire, and ACH payment rails.