Faster Payments

Faster Payments
FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition
October 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Faster Payments
Alacriti, The Clearing House Team To Push Real-Time Payments Adoption
October 06, 2020

A 17-year-old FinTech is teaming up with The Clearing House, one of oldest players in the U.S. financial industry that was founded before the Civil War, to drive adoption of real-time payments across the banking industry. Get the Full Story Complete the form to unlock...

Faster Payments
FIS, The Clearing House Partner To Connect Small, Mid-Sized Banks, CUs To RTP
September 23, 2020

FIS has partnered with The Clearing House (TCH), the operator of the nation’s payments system infrastructure to provide instant settlements to small to mid-sized banks and credit unions (CUs) and their customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Faster Payments
Why It Will Take Time For Real Time Payments To Truly Kill The Check
September 11, 2020

The remarkable persistence of the physical check is something almost miraculous to behold in the world of payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Faster Payments
RTP Network Reaches 56 Pct Of US Checking Account Holders
September 10, 2020

The operator of a U.S.-based payments clearing network that settles more than $2 trillion daily, reported in a press release that banks that hold 70 percent of the nation’s checking accounts now have access to real-time payments. Get the Full Story Complete the form to...

Faster Payments
Hitting The Gas On Real-Time Payments Adoption
September 09, 2020

The year 2020 has been an unexpected one, to say the least — not least of all for the payments ecosystem. This year was supposed to be a tipping point for real-time payments adoption in the U.S., yet progress hasn’t been as advanced as many...

Faster Payments
On Demand Pay Finds A Home In Financial Services
September 08, 2020

Unemployment remains stubbornly high, yet pockets of resilience emerge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Faster Payments
Smaller Treasury Banks Step Up As Corporates Push For Instant Payments
September 03, 2020

COVID-19 didn’t suddenly make consumers realize it’s preferable to be paid out instantly instead of waiting three days for an ACH payment — or worse, two weeks for a check to arrive by mail. In a recent conversation, Lisa McFarland, executive vice president and chief...

Faster Payments
Checkbook Launches Virtual Cards After Joining Visa FinTech Program
September 02, 2020

Checkbook has joined Visa‘s FinTech Fast Track program and launched Virtual Cards, a program that will expand the reach of real-time payments, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...