Use cases for real-time payments have never been a source of argument, even among detractors. The ability to speed bill payment and peer-to-peer flows, as well as move money instantly, has been around for a while. The FedNow® Service debuted last summer, while The Clearing House’s RTP® network has been operating since 2017....
Real-time payments have enjoyed optional status up to this point. But they are quickly becoming an essential competitive factor for financial institutions (FIs), especially in sectors like real estate and daily payroll. According to Jill Capicchioni, product director, payments at NCR Voyix, there’s a lack of urgency...
Trustly and Cross River Bank have expanded their collaboration in instant payments to include the FedNow® Service. With this addition, Trustly’s merchants will benefit from new capabilities to optimize the routing of funds instantly via Cross River’s application programming interface (API) endpoint, the companies said in a Thursday (April...
Drew Edwards, CEO of Ingo Payments, and Doug Brown, president of NCR Voyix, told PYMNTS’ Karen Webster that the new instant payments rails will eventually go mainstream now that there are two bank rails in the United States up and running — but ubiquity is going to take...
May 02, 2024
Use cases for real-time payments have never been a source of argument, even among detractors. The ability to speed bill payment and peer-to-peer flows, as well as move money instantly, has been around for a while. The FedNow® Service debuted last summer, while The Clearing House’s RTP® network has been operating since 2017. But what will it take to bring these use cases […]
April 17, 2024
Real-time payments have enjoyed optional status up to this point. But they are quickly becoming an essential competitive factor for financial institutions (FIs), especially in sectors like real estate and...
March 11, 2024
The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. One of the major hurdles that U.S. banks are facing today...
February 28, 2024
The launch of the FedNow® Service last year has transformed the instant payments landscape, unlocking real-time settlement capabilities 24/7/365. But according to Pradheep Sampath, chief product officer at Entersekt, “we’re...
April 04, 2024
Trustly and Cross River Bank have expanded their collaboration in instant payments to include the FedNow® Service. With this addition, Trustly’s merchants will benefit from new capabilities to optimize the routing of funds instantly via Cross River’s application programming interface (API) endpoint, the companies said in a Thursday (April 4) press release emailed to PYMNTS. “With Cross River, we […]
December 14, 2023
The Federal Reserve says 331 financial institutions (FIs) are employing the FedNow® Service, its real-time payments system. The service launched in July with 35 participants, and is expected to continue growing in 2024, the...
December 13, 2023
Trustly has found that merchants’ desire to provide instant payouts to their customers is driving demand for its Real-Time Payments (RTP) service. Due in part to this demand, Trustly has become...
December 04, 2023
Treasury Prime, an embedded banking software company, has joined forces with Effectiv, a fraud and risk management platform, to bring advanced fraud detection capabilities to enterprises and banks, the companies announced...
