Insurance giant State Farm is working with the payments fintech Fiserv Inc. to give customers faster payouts for car and fire claims. The company announced on Tuesday (May 11) that it was “incrementally deploying” Digital Pay, which will give its customers “speed and flexibility” in...
There is always some sport or another in season — which means sports betting is always in season. In fact, as we all learned last year when major-league sports leagues shut down worldwide, sports betting was more persistent than the sports themselves, as gamblers proved...
There is a convergence occurring in the B2B payments space that raises new questions about the best path to cutting back friction. The emergence of real-time payment capabilities, coupled with the market entrance of troves of new B2B FinTechs vowing to streamline commercial transactions, has...
Real-time payments may be on everyone’s radar, and though a number of domestic schemes have been proliferating around the world, the U.S. has been lagging, relatively speaking. Interoperability is key for RTP to truly take the global stage, where transactions can speed across borders and...
Jim Aramanda, president and CEO of The Clearing House, explains why the RTP (Real-Time Payments) network is the payments system built for the 21st-century digital economy. In this excerpt from The Connected Economy’s Power Source – CEO Edition, Aramanda shares his insights on the growing...
The gaming payments provider Mazooma has unveiled a new feature that allows players to receive immediate payments into their bank accounts. This feature is the result of a partnership between Mazooma and Fifth Third Bank, with real-time withdrawals for sports wagering and iGaming players available...
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Interest in real-time payments adoption is on the rise among small community banks. In this month’s Real-Time Payments Tracker, Kelly Burdette, senior vice president of product and delivery for Bank Independent, explains how real-time payment rail adoption can help community banks compete against regional and...
The pandemic has accelerated real-time payments’ (RTP) expansion, with businesses, banks and consumers seeking ways to send and receive funds as swiftly and as easily as possible. Approximately 150 financial institutions (FIs) are now integrated with The Clearing House (TCH)’s RTP® Network, indicating both an...
