Egypt residents can now make instant electronic payments between bank accounts using their mobile phones, thanks to newly approved regulations by Egypt’s central bank, according to a statement Monday (Nov. 8). The statement also announced a new network that will launch by the end of...
Three years after its launch, Hong Kong’s Faster Payment System (FPS) has reached nearly 750,000 daily transactions with a total volume of 5.2 billion Hong Kong dollars ($667.9 million), according to a report from the South China Morning Post. During a discussion at the 2021...
Digital payments FinTech company Dream Payments has rolled out the Dream Insurance Network in the U.S., which comes with instant payment options, ATM Marketplace reported. The tool has Dream’s application programming interface (API), which integrates with insurance platforms, according to the report. Instant digital payments...
“In the age of instant gratification and 24/7 everything, faster payments are becoming table stakes, and no one wants to be left in the dust,” says Lou Anne Alexander, chief product officer of Early Warning. Read more of her insights below, and get 32 other...
Citi’s Treasury and Trade Solutions (TTS) division has begun to allow digital bill payment through the RTP network, The Clearing House’s (TCH) real-time payment network, according to a press release. The new program — a first in the U.S., per the release — will benefit...
Real-time money transfer firm Payveris is partnering with the instant payments network Paymentus to advance a new payment hub — Bill Center — for expanded access and visibility. Bill Center provides a 360-degree view across all bills and financial obligations. The hub also offers more...
Peer-to-peer (P2P) paymen2ts startup Zelle is collaborating with global FinTech Fiserv to empower underserved communities by bringing real-time payments to minority depository institutions (MDIs). “MDIs play a crucial role for minority and underserved communities, including both consumers and small businesses,” Lou Anne Alexander, chief product...
The Federal Reserve has rolled out new resources to offer education, preparation and ecosystem innovation for instant payments, according to a Wednesday (Oct. 20) press release. The new instant payment tools include the FedNow Explorer website, an experiential platform designed to educate and engage financial...
Interactive Brokers Group partnered with JPMorgan for The Clearing House RTP network’s Request for Payment real-time messaging service, according to a press release on Wednesday (Oct. 20). Request for Payment is a systemic ACH Network messaging platform that companies can use for distributing digital bills...
