The FedNow Service instant payments system is slated to launch next year — a culmination of an effort stretching out more than three-and-a-half years, a pilot program with more than 100 participants and the development and testing of multiple product features, functions and use cases....
Faster payments take center stage this coming year, as FedNow, the U.S.-based instant payments network, gets up and running. But as Wells Fargo Head of Enterprise Payments Strategy Ulrike Guigui recounted to PYMNTS’ Karen Webster, instant payments have been around since before the pandemic. And...
Ubiquity and choice are the digital promised land. How we get there from here will be a matter of securely opening the payments ecosystem to both while simplifying the field of players that’s gotten too complex. That, at least, is the opinion of Ingo Money...
Next month, the Ethereum blockchain is scheduled to make the long-awaited switch to a much more environmentally-friendly Ethereum 2.0, which will in turn set the stage for a vast scalability increase that will, in theory, allow it to compete as a large-scale payments network on...
June 09, 2023
Business has a way of creating an alphabet soup of abbreviations and marketing names for financial products, and that’s certainly the case with account-to-account, or A2A, transfers. It’s helpful to simplify, especially when new uses are found for legacy payment methods that are in wide use — but under other names — which can cause […]
November 29, 2022
The FedNow Service instant payments system is slated to launch next year — a culmination of an effort stretching out more than three-and-a-half years, a pilot program with more than...
November 28, 2022
Faster payments take center stage this coming year, as FedNow, the U.S.-based instant payments network, gets up and running. But as Wells Fargo Head of Enterprise Payments Strategy Ulrike Guigui...
October 31, 2022
Ubiquity and choice are the digital promised land. How we get there from here will be a matter of securely opening the payments ecosystem to both while simplifying the field...
June 27, 2022
CloudWalk, a Brazilian FinTech that manages payments for small- to medium-sized businesses (SMBs), announced Monday (June 27) that it is launching a blockchain of its own. Last fall, CloudWalk announced a $150 million fundraise that the company said put its market capitalization at $2.15 billion. In its press release, the company stated that it can […]
December 07, 2021
FinTech startup Payment Rails is rebranding as Trolley while closing a $7 million Series A funding round led by Pace Capital, with Pace partner Chris Paik joining the Trolley Board...
June 24, 2021
SWIFT’s new transaction management platform received an endorsement from six international banks, which are getting ready to harness the system’s new functionalities to allow for new services, bolster efficiency and...
January 25, 2021
U.K. shoppers could see higher prices for European Union purchases due to a planned increase in Mastercard fees, the Financial Times reported on Monday (Jan. 25). The fee hike won’t...
