Checkout-centric FinTech Skipify has launched a partnership with consumer finance company Synchrony. The collaboration, announced Wednesday (March 13), “leverages Skipify’s payment infrastructure to provide simplified and enhanced checkout for Synchrony cardholders, improving the experience for shoppers and delivering higher authorization rates, conversion, and security for Synchrony merchants.” According to...
Transaction volume on the Electronic Payments Network (EPN), The Clearing House’s private sector ACH network, increased 8% in 2023. The EPN processed more than 19 billion transactions worth $52.4 trillion during the year, helping financial institutions process and settle ACH transactions and providing related services, The...
The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. One of the major hurdles that U.S. banks are facing today following the FedNow® Service launch stems from the lack of full interoperability between the Federal...
From online booking platforms and mobile check-in services to AI-powered chatbots and virtual concierge services, technology is not only changing the way hotels operate, but redefining the guest journey, making it more seamless, convenient and personalized. One player in this digital transformation agenda is Mews,...
Faster payments solve many traditional pain points endemic to legacy payment methods. But although several hundred financial institutions (FIs) have signed on to the two domestic instant payment rails in the U.S., the FedNow® Service and The Clearing House RTP® real-time payments platform, observers argue that...
Galileo Financial Technologies has expanded its collaboration with The Bancorp to enable instant payments. Together, the companies use the RTP® network from The Clearing House to enable instant money movement between bank accounts, allowing FinTechs and brands to give their customers fast access to their funds, Galileo said in a Monday (March 4) press...
Making instant payments in the European Union (EU) just became much easier. The European Council on Monday (Feb. 26) adopted a regulation making instant payments available in euros to consumers and businesses in the EU and European Economic Area nations. “The new rules will improve the strategic autonomy of...
The future of digital payments is, in many ways, already here. What is left is the need for businesses to adapt to this rapidly shifting consumer landscape by leveraging the increasing popularity of digital payments, particularly among younger consumers. “There’s a huge opportunity for small...
An official with the Atlanta Federal Reserve says findings from a 2023 Federal Reserve study confirm the growing appetite for instant payments. Claire Greene, payments risk expert with the Federal Reserve Bank of Atlanta, shared her analysis of a variety of data points that were...
