Payments processor Jack Henry says it is “operationally ready” to support the Federal Reserve’s FedNow service. FedNow is the U.S. central bank’s real-time payments network due to launch in July, and Jack Henry announced Monday (May 15) that more than 20 of its clients will...
Zimpler has launched instant cross-border payouts for the 20 eurozone countries. The new account-to-account (A2A) payment solution is available for both B2C and B2B clients and allows them to send payments directly to a recipient’s bank account, Sweden-based Zimpler said in a Monday (May 15) press release. “Zimpler’s...
Shifting preferences favoring transaction speed and ease have led many organizations to move toward faster payment methods. In fact, 54% of North American businesses say payment speed is a primary reason for adding digital payment options at all. Especially with lingering inflation and economic uncertainty...
Despite instant settlement, lower fees and fraud protection, open banking payment rails in the U.K. are lagging in adoption. New payment option providers such as Boodil, which layers on a rewards program, are hoping to accelerate use. — Harry Luscombe hears it all the time...
Expectations for faster payments are rising, thanks to increased banking innovation and accelerated eCommerce adoption. As the United States readies for the Federal Reserve’s FedNow Service rollout, the speed of payments is moving toward instant transactions. Speed-seeking consumers are growing used to the added convenience...
Wage growth is still on the rise despite the recently cooling job market, leading some employers to turn to pay-related “perks” in order to retain workers. Bureau of Labor Statistics data published earlier this month noted that hiring has cooled from its previous breakneck pace....
The dollar value of payments made by Same Day ACH have nearly doubled compared to a year ago. During the first quarter, the value of these same-day payments leapt about 95% year over year to $565.3 billion and the number of payments increased about 21%...
Open banking platform Plaid says it is giving users the ability to make instant payouts. The company announced Thursday (April 13) that it was adding an instant payout feature to the Plaid Transfer product. This means users can make transactions through the RTP (real-time payments)...
American Express and payments firm Cuscal have teamed to help Australian customers repay charges in minutes. The partnership, announced Thursday (March 23), involves what American Express (Amex) says is the first card bill PayID service in Australia, using the country’s New Payments Platform (NPP) real-time...
