Real-Time Payments

Real-Time Payments
Trustly and Cross River Bank Find Success With Instant Payment Adoption
April 04, 2024

Trustly and Cross River Bank have expanded their collaboration in instant payments to include the FedNow® Service. With this addition, Trustly’s merchants will benefit from new capabilities to optimize the routing of funds instantly via Cross River’s application programming interface (API) endpoint, the companies said in a Thursday (April...

Real-Time Payments
Experts Weigh FedNow’s Role in ‘Mainstreaming’ Instant Payments
April 01, 2024

Drew Edwards, CEO of Ingo Payments, and Doug Brown, president of NCR Voyix, told PYMNTS’ Karen Webster that the new instant payments rails will eventually go mainstream now that there are two bank rails in the United States up and running — but ubiquity is going to take...

Real-Time Payments
Flipkart to Enable Transactions With India’s UPI Instant Payments System
March 04, 2024

Indian eCommerce marketplace Flipkart has launched a Unified Payments Interface (UPI) handle to enhance its digital payment offerings by adding India’s popular instant payments system. The new Flipkart UPI allows users to set up their own UPI handle for transactions, both online and offline, and both within and outside...

Real-Time Payments
The Ten Second Rule: EU Mandates Instant Payments Availability
March 01, 2024

Real-time payment systems continue to see strong usage worldwide. One of the most significant developments is the European Council’s new rule to enable instant payments across the European Union and European Economic Area. Under this regulation, instant credit transfers must arrive in recipients’ accounts within...

Real-Time Payments
Checkbook and Visa Partner on Instant Payments for Business Disbursements
February 28, 2024

Checkbook and Visa have come together in a new collaboration aimed at improving the availability of instant payments for businesses, institutions and individuals across the country. This partnership builds on previous collaborations between the two companies, with Checkbook having participated in Visa’s Fintech Fast Track program in 2021 and their Virtual...

Real-Time Payments
42% of SMBs Would Pay a Fee to Receive Instant Ad Hoc Payments
February 21, 2024

Small and medium-sized businesses (SMBs) heavily rely on ad hoc payments to sustain their cash flow.  According to “How Instant Ad Hoc Payments Drive SMB Success,” a PYMNTS Intelligence and Ingo Payments collaboration, 65% of SMBs’ total accounts receivable volume is made up of ad...

Real-Time Payments
OpenPayd, TrueLayer Offer Instant Account-to-Account Payments
February 20, 2024

OpenPayd has partnered with TrueLayer to enhance the instant payment solutions it offers its clients. By leveraging TrueLayer’s open banking payment network throughout the United Kingdom and Europe, OpenPayd will enable instant account-to-account (A2A) payments for the users of its global payments and banking-as-a-service (BaaS) platform, the companies...

Real-Time Payments
Digital Transformation in EU Gets Push From New Instant Payment Regulations
February 08, 2024

Digital transformation in the European Union got a big boost Wednesday (Feb. 7) when the EU Parliament adopted sweeping regulations aimed at improving the accessibility and utility of instant, or real-time, payments for businesses as well as consumers. First introduced late in 2022, the regulations...

Real-Time Payments
Real-Time Payments Get Boost From New Partnerships in US and Europe
February 06, 2024

Real-time payments have continued their growth in 2024 so far, with several developments unfolding in various countries around the globe. Angola, for one, has taken its initial dive into the real-time payments space a step further. Having launched the first phase of its 24/7 Real-Time...