Faster payment solutions are continuing their rise and are promising to change the way banks and other financial institutions conduct business. But as the exchange of money gets faster, the rules for banks are changing and some institutions may need help keeping up to speed....
It takes more than just having the latest technology or an innovative idea to make faster payments work. 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...
The push for faster payments is happening around the globe, but the U.S. can look no further than our neighbors to the north for an example of how faster payments are being put to work both efficiently and seamlessly. Mark O’Connell, CEO of Interac Association/Acxsys...
Today, consumers can quickly access to digital media like music and videos on their smartphones. Should they also expect the same ease of access to their money? For the March Faster Payments Tracker™, PYMNTS spoke with George Evers, Director of Immediate Payments for VocaLink, about...
New payment solutions are not only allowing payments to be sent faster, they’re also simplifying the process for users and merchants to send money between parties. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Waiting for a payment to clear can be one of the most tedious tasks in today’s fast-paced society. 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...
Faster payments may be the future, but getting to the future is a step-by-step journey. And a big step is making sure that transactions and accounts from which funds flow are valid. PYMNTS spoke with Jeni Brantner, Vice President of Payment Operations at Royal Credit...
Some have said that with faster payments comes more fraud — and that fraud could be on the rise due to Same Day ACH. NACHA talked to the financial institutions who drive 66 percent of ACH volume and got quite a different story.
A widely used financial system with a settlement schedule two decades old. A multi-year effort to modernize and accelerate the process. A delicate balance between risk and reward. Sound familiar? The securities industry shares many of the challenges faced by NACHA, and Steve Stone, EVP of Operations at United...
