We are in the midst of a payments ecosystem renaissance. There have never been more ways to send and receive money, and those ways available have never been more streamlined, secure, fast or convenient. But that doesn’t mean that it is time now for payments...
Digital transformation in the European Union got a big boost Wednesday (Feb. 7) when the EU Parliament adopted sweeping regulations aimed at improving the accessibility and utility of instant, or real-time, payments for businesses as well as consumers. First introduced late in 2022, the regulations...
Innovation begets further innovation. And the emergence and adoption of real-time payment rails represent a significant advancement in the U.S. payment infrastructure, transforming the way financial transactions occur and benefiting both financial institutions and end users. With speed, security, and 24/7 availability, the potential for...
Jon Budd, CEO of Juniper Payments, a PSCU company, said instant payments, over the long term, will see a blossoming of use cases and demand from financial institutions’ corporate and consumer clients. As it stands now, only about 3% of financial institutions have signed on...
February 08, 2024
We are in the midst of a payments ecosystem renaissance. There have never been more ways to send and receive money, and those ways available have never been more streamlined, secure, fast or convenient. But that doesn’t mean that it is time now for payments players to rest on their laurels. Rather, the changing payments […]
January 25, 2024
Innovation begets further innovation. And the emergence and adoption of real-time payment rails represent a significant advancement in the U.S. payment infrastructure, transforming the way financial transactions occur and benefiting...
December 20, 2023
Jon Budd, CEO of Juniper Payments, a PSCU company, said instant payments, over the long term, will see a blossoming of use cases and demand from financial institutions’ corporate and...
December 01, 2023
Five months since the FedNow® Service launched, Miriam Sheril, head of product, U.S. at Form3, told PYMNTS, there are some encouraging signs. Although it is early days, “from my point...
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...
October 30, 2023
Real-time payments network operator The Clearing House (TCH) has a new chief product officer. Margaret Weichert, who comes to TCH following a stint as North American payments practice lead for Accenture, will...
