Faster Payments

Faster Payments
FedNow’s Progress on Instant Payments May Weaken Case for Digital Dollar
March 09, 2022

Deciding whether to create a digital dollar was a key part of an executive order President Joe Biden announced Wednesday morning (March 9) to create a uniform national policy on cryptocurrencies and other digital assets. Get the Full Story Complete the form to unlock this...

Faster Payments
State Governments Move to ACH as Checks No Longer Cut It for Consumers and Businesses
March 09, 2022

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Faster Payments
The Bank of London Join UK’s Faster Payment System
March 07, 2022

The Bank of London, the first purpose-built global clearing agency and transaction bank, has announced that it has become a directly connected settling participant (DCSP) with the Faster Payment System, a press release said. Get the Full Story Complete the form to unlock this article...

Faster Payments
ProducePay Unveils Faster Payments for Produce Growers
February 18, 2022

ProducePay, which offers a marketplace to connect produce growers with capital and data, has unveiled a product called Quick-Pay+ that it said will offer growers access to pre-vetted customers and improved cash flow, according to a Friday (Feb. 18) press release. Get the Full Story...

Faster Payments
Embedding Payouts Into Payments Flows Key to Consumer’s Real Time Money Mobility Experience
February 18, 2022

The move to embed payments into all manner of customer experiences — be that on platforms, through disbursements, or even via cryptocurrencies — is a process that demands collaboration. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Faster Payments
European Commission Promises to Legislate Instant Payments by Mid-Year
February 11, 2022

The European Commission has pledged to accelerate instant payments across the European Union (EU). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Faster Payments
PYMNTS Intelligence: How Connected Banking Is Working to Reduce the Digital Economy’s Security Risks
February 04, 2022

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Faster Payments
ACH Network up to 29.1B Payments Valued at $72.6T in 2021
February 03, 2022

The modern ACH Network saw “significant growth” in 2021, processing 29.1 billion payments totaling $72.6 trillion, while same-day automated clearing house (ACH) payment volume was up 74% last year, according to new data from Nacha released Thursday (Feb. 3). Get the Full Story Complete the...

Faster Payments
Dwolla On Harnessing A Collaborative Approach To Security, Compliance As Financial Innovations Take Shape
February 03, 2022

FinTechs and banks are collaborating to give their customers unprecedented flexibility, control and speed, but that can create new security gaps. In the Real-Time Payments Tracker, Dwolla’s Dave Glaser says banks need to think differently about protecting financial data if they want connected banking to...