payment rails

A payment rail is a payment platform or a payment network that moves money from a payer to a payee. Either party could be a consumer or business, and both parties are able to move funds on the network. Credit card rails are the credit card payment system.

(source: en.wikipedia.org)

Cross River Bank On The Case For Direct RTP® Integration
Cross River Bank On The Case For Direct RTP® Integration
December 30, 2020  |  Faster Payments

Small financial institutions (FIs) that directly integrate with real-time payments (RTP) must do more work than their counterparts that turn to third parties for RTP...

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Control Vs. Convenience Shapes Debate As FIs Adopt Faster Payments
Control Vs. Convenience Shapes Debate As FIs Adopt Faster Payments
December 29, 2020  |  Faster Payments

The benefits of instant payment services are gaining attention from companies that want to be able to transact with better visibility and cash flow information....

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Adyen Teams With Flywire To Advance Vertical Payments Worldwide
Adyen Teams With Flywire To Advance Vertical Payments Worldwide
December 17, 2020  |  Payment Methods

Global payments platform Adyen is teaming up with the vertical payments startup Flywire to support the expansion of payments and receivables around the globe. “The...

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Real-Time Innovators Bring Data To Corporates
Real-Time Innovators Bring Data To Corporates
December 15, 2020  |  B2B Payments

Real-time rails continue to gain traction as solution providers debut new tools wielding existing instant payment infrastructure to enhance their offerings to business customers. Increasingly,...

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Visa Says Frictionless B2B Payments Are The Future; Rails Must Adapt To New Use Cases
Visa Says Frictionless B2B Payments Are The Future; Rails Must Adapt To New Use Cases
December 09, 2020  |  Payment Methods

In payments, speed is everything. So, it’s no surprise that in a fireside chat with PYMNTS Karen Webster, Visa’s Alan Koenigsberg, global head of new...

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Walmart’s Flipkart Planning To Spin Out Mobile Payments Arm PhonePe 
Walmart’s Flipkart Planning To Spin Out Mobile Payments Arm PhonePe 
December 03, 2020  |  Payment Methods

Walmart-owned Indian eCommerce business Flipkart is planning to sell off a percentage of its digital payments division PhonePe in an effort to facilitate funding for expansion. ...

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SWIFT gpi Instant Goes Live In The UK
SWIFT gpi Instant Goes Live In The UK
December 02, 2020  |  Faster Payments

Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant. “This is an important milestone in...

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Non-Banks In Singapore To Get Access To Real-Time Payment Rails
Non-Banks In Singapore To Get Access To Real-Time Payment Rails
November 30, 2020  |  International

Non-bank lenders in Singapore will soon be granted access to the country’s digital payments platforms PayNow and FAST, according to a statement from the Monetary...

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion
Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion
November 23, 2020  |  Financial Inclusion

Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies, a FinTech...

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