Real-Time Payments

Real-Time Payments
Real-Time Payments in Greece Poised to Grow Over 4X by 2026 Despite Cash Dominance
May 22, 2023

In Europe, where real-time payments adoption has seen historic growth in recent years, Greece joins countries like the U.K., Sweden, the Czech Republic and Hungary that have developed domestic payment systems to complement the existing pan-European Single Euro Payments Area (SEPA) Instant Credit Transfer scheme, also known as SCT Inst.  The...

Real-Time Payments
An Insider on Accelerating Open Banking for Real-Time Payments
May 22, 2023

Open banking could unlock the next step in real-time payments’ evolution by bringing them directly to consumers through banks’ APIs — but acceptance in the U.S. will require a concerted effort between the industry and policymakers, says Akoya’s Anil Mahalaha.

Real-Time Payments
Real-Time Money Mobility Helps Treasury Bank Customers Leave ‘Banker’s Hours’ Behind
May 22, 2023

The age of banker’s hours may finally be ending. Drew Edwards, CEO of Ingo Money, and Jon Briggs, head of KeyBank’s commercial product and innovation in KeyCorp’s payments business, told Karen Webster in a panel discussion that there’s been a great divide between the experiences digital-only customers and...

Real-Time Payments
Accelerating Open Banking Adoption Will Drive Real-Time Payments Growth
May 19, 2023

Open banking and instant payments are two of the most exciting trends in digital banking today. Both of these services improve the financial lifestyles of consumers and businesses. While instant payments’ benefits for end users are obvious, open banking is slightly more esoteric. Open banking...

Real-Time Payments
Hungary’s Domestic Scheme to Boost Real-Time Payments Volume Nearly 3X by 2026
May 17, 2023

Real-time payment adoption in Europe has seen historic growth in recent years, with several countries such as the U.K., Sweden, the Czech Republic and Hungary, developing domestic payment systems to complement the existing pan-European Single Euro Payments Area (SEPA) Instant Credit Transfer scheme, also known as SCT Inst.  For example,...

Real-Time Payments
Instant Payments to Put an End to Cashier’s Checks at Real Estate Settlements
May 16, 2023

Real estate, put simply, often involves the largest transaction that any of us as individuals ever tackle. Cheryl Gurz, vice president of product management for The Clearing House (TCH), told PYMNTS that given the fact that hundreds of thousands of dollars are changing hands, the process is...

Real-Time Payments
Instant Payouts Take Center Stage as Online Sports Betting Gains Popularity
May 12, 2023

The proliferation of riskier, long-shot betting strategies may mean gamblers are more eager to get their winnings — now. The Wall Street Journal reported this week (May 7) on the astronomical popularity of online sports betting in the U.S., where the gambling is legal following...

Real-Time Payments
9 in 10 Real Estate Firms Bet Big on Real-Time Payments
May 12, 2023

Real estate firms have historically run on paper — but that may be about to change. Real estate firms are weighing the benefits of adopting digital payments methods such as cryptocurrency, virtual cards and push payments. Among all the innovations these firms are considering, however,...

Real-Time Payments
UK Leads US in Retailers Staying Ahead of Instant Payments Game
May 10, 2023

With the rise of online shopping, in-store retailers are under pressure to make innovation in real-time payment alternatives and omnichannel marketing — strengths of eCommerce — mandatory in order to retain customer loyalty. For those in the United States and the United Kingdom, this has...