SoFi has begun offering instant bank transfers via the Federal Reserve’s FedNow® Service. Get the Full Story Complete the form to unlock this article and...
The Federal Reserve Board proposed Wednesday (April 8) that U.S. banks and credit unions be allowed to use intermediaries to transfer funds through the FedNow® Service. Get the...
Real-time payments in North America are moving decisively from expansion to execution. Instant payment systems across the United States, Canada and Mexico are scaling, modernizing...
Real-time payments are becoming a fixture in financial ecosystems across North America, driven by updates in network capabilities, expanded transaction limits and innovative use cases....
A burst of announcements, from Visa’s “buyer-protected” account-to-account (A2A) service in the U.K. to fresh funding for variable recurring payments, has pushed bank-to-bank transfers back...
The Clearing House’s RTP network launched in 2017. The FedNow Service, the central bank’s foray into real-time payments, debuted in the summer 2023. And yet...
The benefits of real-time payments may be readily apparent to financial institutions (FIs) — as they can serve their clients with new use cases, including...
Payment technology company FlexPoint has launched an artificial intelligence (AI)-powered system that processes automated clearing house payments the same day instead of the typical five-day...
When The Clearing House amended its rules on digital wallets in early May, few in the industry paid much attention. After all, it was little more...