The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service, and needs volunteers to support it, the Fed announced Wednesday (May 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Sweden is the latest country to join the European Central Bank’s (ECB) instant payments platform in an effort to ease electronic payments. The agreement allows the ECB to offer Sweden access to the Eurosystem’s TARGET Instant Payment Settlement (TIPS) in Swedish currency to support the...
The last few weeks have been hard times for the restaurant industry in the U.S. — big chains and mom-and-pop joints alike are closing their dining rooms, furloughing their staff in some cases and working overtime to find out-of-the-box ways to weather the incoming storm....
Wirecard will add more options for Chinese customers looking for eCommerce as they integrate the WeChat Pay option to help people pay faster, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The financial landscape is changing, moving toward instant payments, toward commerce that is always on – and for financial institutions (FIs) serving corporations and consumers across the world, the margin for error is fast disappearing. Get the Full Story Complete the form to unlock this...
The gig economy is giving rise to a workforce that values flexible – and speedy – payments. Jennifer Schroeder, executive vice president of product management at PULSE, tells PYMNTS prepaid and payroll cards are proving increasingly popular among forward-thinking employers and can help cement loyalty.
There’s a battle brewing in payments. A big one. It’s the Feds versus the Free Marketeers, and the feud between them is over whose real-time payments (RTP) rails will rule them all. Get the Full Story Complete the form to unlock this article and enjoy...
Persuading the 11,000+ financial institutions (FIs) in the U.S. to integrate with a new real-time payments rail is a tough ask, especially when speed of payment is no longer enough to win over their clients, says The Clearing House Senior Vice President of Products and...
Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the...
