FedNow attracts real-time payments early adopters
Payments Dive
MARCH 23, 2023
Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.
FedNow chases real-time payments front-runners
Payments Dive
JULY 14, 2022
real-time payments system next year in the form of FedNow, but it’s an open question as to whether, or how, consumers and businesses will adopt instant payments. The Federal Reserve plans to unleash a U.S.
Walmart, Fiserv team to offer real-time payments
Payments Dive
SEPTEMBER 20, 2024
The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.
How platform development determines real-time payment success
Payments Source
SEPTEMBER 22, 2020
Speed stands at the forefront of any real-time payments deployment, but the real staying power in new payments innovation rides on the development philosophy of the platform itself.
US inches forward on real-time payments: report
Payments Dive
MAY 1, 2024
“Real-time payments are still in their infancy in the U.S., share of the total payments volume in 2023,” ACI Worldwide said. accounting for only a 1.5%
How real-time payments erased borders for coronavirus-era commerce
Payments Source
AUGUST 27, 2020
With consumers and merchants alike sharing the need to be paid faster, the case for adopting real-time payments globally has quickly advanced during the COVID-19 pandemic.
Demand for real-time payments rises amid COVID-19 pressure
Payments Dive
APRIL 7, 2020
The economic fallout of COVID-19 has increased demand for real-time payments by small business and consumers as revenue sources begin to dry up and consumers and businesses face deadlines for bill payment and essential goods.
Real-time payments scams rise
Payments Dive
NOVEMBER 22, 2024
More people are falling for real-time payment scams as the use of such speedy systems increases, a FICO survey showed.
Cross-Border Real-Time Payments Make Tangible Progress as Over 50% Consumers Use Them, Says GlobalData
Fintech Finance
JULY 12, 2024
Cross-border payments are becoming increasingly important to international economies. The G20 roadmap for enhanced cross-border payments aims to improve the speed, access, transparency, and cost of international payments by 2030.
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Building a Real-Time Cyber Security Response to Real-Time Payment Fraud
Finextra
FEBRUARY 14, 2024
The real-time payments industry is evolving and expanding. Today, real-time payments reach 65% of de.
Why Real-Time Payments Are the Next Big Thing in Fintech
Finextra
SEPTEMBER 15, 2024
Real-time payments (RTP) are emerging as a key innovation with the potential to revolutionize how mo.
SMBs are increasingly opting for real-time payments, leaving credit cards behind as their preferred choice
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.
ACI moves real-time payments onboarding to cloud
Bank Automation
APRIL 4, 2024
ACI Worldwide is exploring the use of its cloud platform to onboard bank clients to The Clearing House’s Real-Time Payments network.
NPCI International to Develop UPI-Like Real-Time Payments Platform in Trinidad and Tobago
Fintech Finance
SEPTEMBER 27, 2024
NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform similar to India’s ‘Unified Payments Interface’ (UPI).
Nium Enables Financial Institutions to Connect to Its Real-Time Payments Network via Swift
Fintech Finance
OCTOBER 21, 2024
Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network.
Real-time payments to make uneven progress, report predicts
Payments Dive
OCTOBER 7, 2024
The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.
Nium Expands Operations in Latin America, Accelerating Global Real-Time Payments in the Region
Fintech Finance
AUGUST 12, 2024
Nium , the global leader in real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. Nium has been present in the region dating back to 2017.
Galileo expands Bancorp partnership to offer real-time payments
The Paypers
MARCH 5, 2024
US-based fintech Galileo Financial Technologies has expanded relations with The Bancorp Bank to offer real-time payments via The Clearing House.
NPCI to launch real-time payment link between India and US
The Paypers
FEBRUARY 14, 2024
The National Payments Corporation of India has launched a new initiative to implement a real-time payment link between India and the US.
ACI Worldwide Study Reveals Real-Time Payments To Boost Global GDP By $285.8 Billion, Create 167 Million New Bank Account Holders By 2028
Fintech Finance
OCTOBER 21, 2024
Real-time payments are forecast to generate $285.8 ACI Worldwide’s second Real-Time Payments: Economic Impact and Financial Inclusion report leverages data from 40 countries and reveals—for the first time—an empirical link between real-time payments and financial inclusion.
6 payments trends to watch in 2024
Payments Dive
JANUARY 9, 2024
Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.
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HitPay Unveils Single Switch for Cross-Border Payments, Providing Access to 10 Global Real-Time Payment Schemes With Unmatched Flexibility and Cost Savings for Businesses
Fintech Finance
NOVEMBER 1, 2024
The Challenge Cross-border payments are critical yet often costly and complex, especially for growing businesses expanding into Southeast Asia and South Asia. Geopolitical shifts have diversified supply chains, and real-time payments have become the preferred method for digital transactions in these regions.
Peru Pursues Real-Time Payments via India’s UPI Technology
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. Earlier this year, NIPL teamed up with French payments company Lyra Network to bring UPI payments to France.
Real-time payments are raising GDP and driving financial inclusion
Finextra
OCTOBER 21, 2024
Real-time payments are forecast to generate $285.8 billion of additional global GDP growth and create more than 167 million new bank account holders by 2028, according to a new report published by ACI Worldwide.
ACI Worldwide Partners With Kuvasz Solutions To Advance Real-Time Payments Adoption in Colombia
Fintech Finance
FEBRUARY 28, 2024
Kuvasz Solutions has partnered with ACI Worldwide in Latin America for nearly 10 years, supporting the delivery and implementation of ACI’s payment software solutions to strategic clients across the payments ecosystem. Globally, ACI covers approximately one-third of the countries that offer real-time payment services, reaching about 1.8
Volante Technologies Launches Real-time Payments Intelligence Solution for Financial Institutions
Fintech Finance
NOVEMBER 14, 2024
Volante Technologies , the global leader in Payments as a Service (PaaS), today announced the launch of Volante Payments Intelligence , a powerful new solution that offers financial institutions unparalleled visibility and operational control over their payments business.
North American cashless payments to climb 7% by 2028: report
Payments Dive
SEPTEMBER 12, 2024
Real-time payments and open banking will drive the increase, forcing the shift even faster globally, a Capgemini report released this week said.
Latest Developments in Real Time Payments: Innovation and Interoperability
Finextra
OCTOBER 24, 2024
In an interview with FinextraTV in the lead-up to Sibos 2024 in Beijing, China, Peter Reynolds, Executive Vice President Real Time Payments, Mastercard, highlights how 2024 has welcomed a new era with 100 countries now with live real time payments systems, covering 87% of the world’s GDP.
Why Cross Border Real Time Payments are the Next Big Thing
Finextra
OCTOBER 22, 2024
In an interview with FinextraTV in the lead-up to Sibos 2024 in Beijing, China, Ainsley Ward, Vice President Payments Solutions, CGI, explores the topic of instant mandates and the implementation of Verification of Payee (VoP) across Europe.
The forces behind the rise of real-time payments
Stripe
DECEMBER 4, 2024
Payment methods are tightly woven into the economic and social fabric of a country. In most countries, the dominant means of exchange has rarely pivoted—and yet in many places around the world, it’s changing right now with real-time payments. Here’s why.
How Starling provides you with access to real-time payments
The Payments Association
FEBRUARY 16, 2024
Blog piece on Starling Bank's website: As a summary - Blog piece about Starling Banking Services by our own Head of Partnerships, Will Boocock - It contains information about how our API's for Payments work and deliver for customers [link] Read more
Moody’s report spotlights FedNow downside
Payments Dive
JUNE 30, 2023
The soon-to-launch real-time payments system from the Federal Reserve may reduce interchange fee revenue for some payments players and increase IT costs for others.
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Canada's real-time payment system won't launch before 2026
Finextra
APRIL 16, 2024
The launch of Canada's oft-delayed Real-Time Rail (RTR) payments system will now not happen until at least 2026, with new tech partners IBM and CGI brought in to the process.
Top payments trends for 2024
Bank Automation
JANUARY 2, 2024
Industry experts predict adoption of real-time payments as well as the increased use of FedNow and digital wallets in 2024 as consumer demand for instant payments continues to grow. “We are now seeing a major shift in this direction for real-time payments and can expect to see this continue into 2024,” Zur Yahalom, senior […]
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FedNow to launch by mid-2023, Fed official says
Payments Dive
AUGUST 19, 2022
The federal government’s new real-time payments system should be ready for use by the middle of next year, Fed Governor Michelle Bowman said in a speech this week.
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U.S. Faster Payments Council Publishes Operational Considerations for Receiving Instant Payments Guideline
Fintech Finance
SEPTEMBER 13, 2024
Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of its latest publication, Operational Considerations for Receiving Instant Payments.
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What does the future hold for real-time payments?
Stripe
DECEMBER 17, 2024
In the third and final installment in our three-part series, we examine the most important questions for the future of real-time payments: will they ever take off in the US and the UK, and will they emerge as a truly global payment method?
Who’s afraid of FedNow? Not Visa
Payments Dive
SEPTEMBER 1, 2022
Visa's CFO on Wednesday brushed off any concerns about the threat of new competition from FedNow, or any other real-time payments system.
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Nium Offers Swift Connectivity for Faster Cross-Border Payments
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.
Wise Granted Access to Philippines’ Real-Time Payment System
The Fintech Times
NOVEMBER 5, 2024
Wise , the fintech focused on money transfer, has been granted direct access to the Philippines’ real-time payment system, InstaPay, enabling it to enhance the cross-border payment experience for around 13 million of its customers.
ACI Worldwide: Real-Time Payments Promise to Foster Economic Growth and Boost Financial Inclusion
The Fintech Times
OCTOBER 23, 2024
Real-time payments could generate $285.8billion of additional global GDP growth and create over 167 million new bank account holders by 2028, according to a new report published by global paytech firm ACI Worldwide.
Commerce Bank Adopts FedNow Delivered by Temenos Payments Hub to Continue Modernisation
The Fintech Times
MAY 18, 2024
US-based Commerce Bank has officially gone live with FedNow on Temenos Payments Hub delivered as Temenos SaaS, enabling real-time payments on the secure, scalable and continuously updated platform. This latest go-live enables Commerce to offer FedNow real-time payments using Temenos Payments Hub.
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Cross-border real-time payments: Breaking down the barriers for global commerce
The Payments Association
MARCH 5, 2024
Historically, cross-border transactions can take several days to complete, incurring substantial costs (including lost revenue), delays and currency conversion issues. Find out how we break down the barriers to global commerce. Read more
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