Pet medical insurance provider Trupanion says its vet portal can now process a member’s invoice at a hospital in five seconds. This fast, automated invoice processing enables direct payments to veterinary hospitals at the time of checkout, Trupanion said in a Wednesday (Aug. 9) press release. “By...
FedNow is right now. And with the move into real-time payments, the stage is set for a continued embrace of faster transactions, modernizing trillion-dollar industries that have thus far been reliant on paper checks, paper invoices, and a host of inefficiencies in the mix. As...
Banking-as-a-service firm Pathward and payments company Dash Solutions are giving their partnership another five years. And with that extended partnership, the companies announced in a news release Wednesday (Aug. 2), comes a new tool: SpendIT SendIT, which lets consumer payees use or move their funds to other accounts they own....
The Clearing House has expanded the availability of a capability that enables broker dealers, billers and suppliers to request a payment from customers and receive an instant payment in response. This Request for Payment (RfP) capability on the RTP network is now offered by several...
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems likely to be a constant. South Korea, one of the countries this edition focuses on,...
The expectations of small to midsized businesses (SMBs) regarding payment service providers have never been higher, with owners and employees demanding the same payment speed and convenience they experience everywhere else in their digital lives. In the United States, the only widespread real-time option was...
Account-to-account payment platform Form3 says it is ready for FedNow. The company on Thursday (July 27) announced it was among the first in its industry to finish testing and certification for the Federal Reserve’s new instant payment system, which launched last week. “The launch of the FedNow Service marks...
Financial network platform Finsync said bankers and businesses can use its network for free. The offering is designed to help businesses scale faster, the company said in a Thursday (July 27) news release. The network lets companies connect bank and credit card accounts to see all transactions in a...
Christine Mayes, executive vice president at Corporate One Federal Credit Union, details how she believes the launch of FedNow will bring healthy competition to the real-time payments industry. — In many ways, FedNow is an extension of the winning formula that the RTP® network pioneered...