Real-Time Payments

Real-Time Payments
40% of Manufacturers Say Real-Time Payments Among Most Important Innovations
September 25, 2023

About two-thirds of manufacturers said real-time payments are an important innovation within their company. Among these manufacturers, 40% said real-time payments are one of the most important innovations within their company, according to “Corporate Changes in Payment Practices: Manufacturing Companies Embrace Real-Time Payments,” a PYMNTS...

Real-Time Payments
Fiserv: Instant Payments Need ‘Killer Use Case’ as FedNow Service Launches
September 25, 2023

The FedNow® Service is rounding the corner into its second month of operation. Justin Jackson, senior vice president and head of enterprise payments at Fiserv, summed up the launch in one word: “Finally.” As he told Karen Webster in an interview, instant payments have been...

Real-Time Payments
85% of Large Retailers Look to FinTechs for Real-Time Payments Partnerships
September 25, 2023

The allure of real-time payments is not lost on retail giants. Nearly all retailers generating $100 million or more in annual revenues have embraced real-time business-to-business (B2B) payments. Fifty-four percent plan to make more of these payments in the next year. These large retailers value...

Real-Time Payments
Two-Thirds of Manufacturers Plan More Real-Time Payments Features Within 12 Months 
September 22, 2023

The pivot toward real-time payments is sweeping what might be the most “smokestack” of the some-stack verticals within the economy. That would be manufacturing, of course. As reported in the report “Corporate Changes in Payment Practices: A Deep Dive Into the Manufacturing Sector,” a PYMNTS and The...

Real-Time Payments
Varo Unveils Instant Payments to Anyone With US Debit Card
September 21, 2023

Varo Bank introduced Varo to Anyone, the digital bank’s free instant payment service. The service allows for payments from Varo Bank accounts insured up to $250,000 to be sent to anyone with a U.S. debit card, regardless of where they bank, according to a Thursday...

Real-Time Payments
Enterprise Retail Warms to Real-Time Payments for Vendors
September 20, 2023

The retail sector increasingly prefers real-time payments for their business-to-business (B2B) payments. Virtually all large firms in this sector used real-time payments at least once in the last year. Real-time payments have a robust growth outlook. Real-time payments already account for 17% of all B2B...

Real-Time Payments
ACI Worldwide Powers Real-Time Payments for Microsoft Azure Clients
September 19, 2023

ACI Worldwide is working with Microsoft to help financial institutions provide faster instant payments. The payments software firm announced the collaboration Tuesday (Sept. 19), saying it would speed instant transactions via ACI’s Real-Time Payments Cloud (RTPC) platform, which is hosted in the Microsoft Azure environment.  According to a news release,...

Real-Time Payments
Plaid and Cross River Team on Real-Time Payments With FedNow
September 18, 2023

Cross River Bank and Plaid say they’ve joined FedNow® Service to widen customers’ instant payment access. The collaboration, announced Monday (Sept. 18), also makes Cross River among the first financial institutions to bring an interoperable offering to its customers providing routing options via either the FedNow Service or...

Real-Time Payments
ACI Worldwide Debuts Digital Central Infrastructure for Real-Time Payments
September 12, 2023

ACI Worldwide, a provider of real-time payments software, has launched an end-to-end digital central infrastructure solution designed for central banks and financial institutions. The new digital central infrastructure is a single ISO 20022 native solution that combines digital overlay services with ACI Central Infrastructure, the...