PYMNTS

JANUARY 12, 2021

Payment operations software company Modern Treasury raised $38 million through an Altimeter Capital-led Series B funding round, according to a Tuesday (Jan. In terms of payment innovation, the company notes that real-time payments (RTP) account for over 6 percent of its volume. 12) announcement.

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Treasury B2B Real Time Payments RTP 73

PYMNTS

NOVEMBER 18, 2020

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. In the United States alone, for example, The Clearing House’s RTP network serves 70 percent of all DDAs.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

PYMNTS

OCTOBER 30, 2020

The demand for faster payments is ringing louder than ever during the economic downturn. Businesses need to maintain smooth revenue streams and are working hard to avoid being hit with painful late client payments or delayed access to their earnings while also ensuring their workers are paid promptly. Bank subsidiary.

Faster Payments 59

Faster Payments Payments Tools RTP Same Day ACH 59

PYMNTS

JUNE 4, 2020

Regional bank holding company Huntington is now using the RTP network, meaning it now has a new real-time payments option to help people get money nearly instantly, according to a press release. RTP is offered through The Clearing House and is touted as the first new payments rail in the U.S.

Real Time Payments 52

Real Time Payments RTP Consumer Online and Mobile Banking 52

PYMNTS

AUGUST 21, 2018

Less than a year after going live on The Clearing House ‘s Real-Time Payments (RTP) network, PNC is now linking corporate customers of PNC Treasury Management to RTP capabilities. Funds transferred using RTP are available to receivers within seconds, the financial institution (FI) noted.

Real Time Payments 40

Real Time Payments RTP Treasury Management Online and Mobile Banking 40

PYMNTS

OCTOBER 21, 2019

PNC Treasury Management is rolling out a new solution designed to optimize corporate treasurers’ B2B payments. Options for payment methods will include real-time payment (RTP), same day ACH or next day ACH, with PNC planning to incorporate a wire transfer option in the first quarter of next year.

Faster Payments 40

Faster Payments Automation Same Day ACH RTP 40

PYMNTS

OCTOBER 16, 2020

Treasury or cash management services that used to be fast enough may therefore no longer be adequate as businesses fight to stay afloat during the economic downturn. Interest in the Real-Time Payments (RTP) system from The Clearing House (TCH) is growing in the U.S., billion in 2018 compared to $8.5 billion in 2016.

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Instant Payments Treasury Real Time Payments Checks 76

PYMNTS

DECEMBER 11, 2017

Financial services firm FIS is linking customers of Fifth Third Bank to real-time payments, the companies said late last week. FIS will bridge Fifth Third into The Clearing House’s (TCH) Real-Time Payments (RTP) system to enable real-time transacting for customers. Christopher Ward, in a statement earlier this month.

Real Time Payments 40

Real Time Payments RTP TCH Payment APIs and Integration 40

PYMNTS

DECEMBER 8, 2020

Stimulus payments are again in the headlines and on the horizon. But how consumers will get those payments — hundreds of millions of payments, covering hundreds of billions of dollars — well, that’s open to some discussion. Morgan’s Robinson: the speed at which the payment is made and the accuracy/integrity of the payment.

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Consumer Treasury Governance Government 73

PYMNTS

FEBRUARY 6, 2020

In today’s market of real time, legacy payments infrastructure needs a facelift. Networks like The Clearing House’s RTP and the Federal Reserve’s upcoming FedNow service have taken this approach to building new payment rails from the ground up, while other FinTechs are exploring opportunities in technologies, like blockchain, to do the same.

Settlement 67

Settlement B2B Same Day ACH ACH 67

PYMNTS

JANUARY 28, 2021

That includes payments functionality, of course, where bringing payments processing “inside” the bank’s umbrella of offerings is becoming a key attraction for the banks themselves, intent on keeping corporate (and in other cases, consumer) relationships “sticky.”. Offerings include payments apps and payments portals.

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Process Treasury Treasury Management FedWire 60

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. The financial institution (FI) has linked into RTP in the U.S. via Finastra ’s Fusion Payments, a payment services platform.

Real Time Payments 40

Real Time Payments Payment Networks RTP RFP 40

PYMNTS

SEPTEMBER 10, 2018

For many businesses both large and small, payments received on a timely basis can give a boost to a business’ efforts to remain financially sound, hire new staff or move forward with expansion plans. Late payments, meanwhile, can damage relationships with business partners, banks and customers.

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API B2B Payment APIs and Integration Real Time Payments 46

PYMNTS

OCTOBER 29, 2020

Paper checks have long been a mainstay of corporate payments, with 42 percent of companies reportedly using checks to pay vendors in 2019. Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Around The Real-Time Payments Landscape.

Faster Payments 43

Faster Payments Same Day ACH Real Time Payments Payroll 43

PYMNTS

JUNE 26, 2018

Faster payments have an uncertain future in B2B transactions. At present, payroll and gig worker payments may be the most emphasized use cases for faster payments capabilities in the corporate world, with fewer experts expecting payments acceleration to gain traction in accounts payable and supplier payment scenarios.

Real Time Payments 46

Real Time Payments Payments Strategy RTP FinTech 46

PYMNTS

OCTOBER 21, 2019

Mastercard announced that it is partnering with PNC Bank to pilot Payment on Delivery, a new solution allowing businesses to pay a supplier in real time when receiving goods or services. Through this program, together we can bring speed and transparency to these critical business payments.”.

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Visa Real Time Payments RTP Treasury Management 44

PYMNTS

OCTOBER 23, 2019

But in payments, understanding whether something is broken in the first place — and, if so, how to fix it — is a complicated matter. Legacy payment rails can be slow and clunky, yet have already reached ubiquity. It’s both a show of support for a new rail like RTP, as well as for the strategy to improve upon legacy rails like ACH.

Faster Payments 40

Faster Payments B2B RTP ACH 40

PYMNTS

APRIL 22, 2019

Corporate payments still don’t have a clear role in driving the adoption of faster payment technologies and systems in the U.S. The obvious assumption in the business-to-business (B2B) landscape is that faster payments are not only unnecessary, but unwanted, as corporates don’t necessarily need to move money immediately.

Faster Payments 63

Faster Payments Center for Payments Real Time Payments Payments 63

PYMNTS

OCTOBER 31, 2019

In the flurry of payments innovation, it can be difficult to remember that legacy tools remain commonplace, especially in corporate payments. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand.

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Lockbox Remittance Data Checks RTP 43