All of the banks in Aruba have switched to instant payments (IP) through the use of the Clearing and Settlement Mechanism (IP CSM) of the Centrale Bank van Aruba (CBA), according to a release. Get the Full Story Complete the form to unlock this article...
The Hungarian Central Bank (MNB) has introduced an instant payment system that allows for bank transfers in seconds at any time of the day, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
It’s not just the speed of payments that’s important, but also the data that payment operators gain as more consumers use faster forms of digital and mobile transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The cost of college tuition is skyrocketing across the country, and the financial burden falls on many parents and students. Legacy college tuition payment methods, such as personal checks or credit cards, can be slow and costly, adding to many families’ frustrations. Parents and higher...
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When 98,000 U.S. public schools send paper-based invoices to parents for expenses like field trips, they often get paid with cash or checks. In the latest Faster Payment Tracker, Jerry Banks, CEO of educational transaction processing platform Bursari, discusses how digital invoicing and mobile payments...
Despite the demonstrated benefits, the adoption of real-time payments has not been, well, particularly speedy. Many businesses cite the lack of ubiquity and high upfront costs for their halting shift to digital payment solutions. Still, the need for speed, convenience and safety is universal and...
With a problem at the Federal Reserve that has since reportedly been fixed, direct deposits, as well as other financial transactions, were delayed on Thursday (Dec. 19). Banks were told about a “disruption” in the automated clearing house (ACH) network that brought about delays in...
The Federal Reserve System has joined the U.S. Faster Payments Council (FPC) as a founding sponsor, the Fed announced in a press release on Thursday (Dec. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
