Faster Payments

Faster Payments
Customers Bank, Tassat Debut TassatPay Instant Payments
October 19, 2021

Customers Bank, the multi-billion-dollar subsidiary of Customers Bancorp, Inc., and blockchain-based digital payment provider Tassat Group Inc. on Tuesday (Oct. 19) announced the debut of a real-time payments platform for B2B clients. The collaboration means customers will be able to make and accept instant payments,...

Faster Payments
Western Union Improves Instant Payments Offering in Europe
October 13, 2021

Western Union, a global provider of cross-border and cross-currency payments, has bolstered its instant payment capabilities in Europe by joining the Single Euro Payments Area Instant Credit Transfer scheme (SCT Inst) as a direct participant, according to a Wednesday (Oct. 13) press release. Joining SCT...

Faster Payments
AptPay, NRT Unveil smartSEND for Instant Casino, Gaming Payouts
October 01, 2021

Canadian payment process AptPay is working with NRT Technology and Mastercard to allow casinos and online gaming sites to disperse winnings instantly into guests’ or players’ bank accounts, mobile wallets or prepaid cards.  The companies announced the launch of smartSEND in a news release Friday...

Faster Payments
Deep Dive: How Request-to-Pay Functions Are Taking the Real-Time Payments Space By Storm
September 27, 2021

It is safe to say that most American consumers are fans of real-time payments. PYMNTS research demonstrates that 70% of U.S. consumers who have used real-time payments services likely would use them again if they were available for free. Their satisfaction with these payment methods...

Faster Payments
US Bank on How Leveraging Request for Payment Alleviates Friction, Offers Visibility Into the Billing...
September 24, 2021

Billers often suffer from a lack of speed and clarity on their receivables, while payors are frequently stumped over what they owe and to whom. In the Real-Time Payments Tracker, U.S. Bank’s Richard Erario tackles both sides of the problem by pairing real-time payments with...

Active Tracker
US Bank: Request-For-Pay Features Help Billers Tackle Payments Visibility Issues
September 23, 2021

Request-to-pay features have emerged with promises to benefit merchants, financial institutions and billers. The message exchange service allows payees or creditors to collect a payment from a debtor or payer. As a result, payees can benefit from increased control over the payment process, accelerate incoming...

Faster Payments
Online Banking Payments Firm Trustly Debuts Near-Instant Payments in US
September 20, 2021

Following a decade of success in Europe providing its Instant Payouts offering to bank accounts, Swedish FinTech company Trustly on Monday (Sept. 20) announced the expansion of its service in the U.S. In collaboration with Cross River Bank, the company’s platform enables various U.S. businesses...

Faster Payments
Clickatell, Cybersource Offer Simplified Chat-Based Payment System  
September 16, 2021

Mobile communications commerce company Clickatell has joined forces with Visa’s fraud management platform Cybersource to simplify chat-based payments and contact-free checkout, according to a Thursday (Sept. 16) report from IBS Intelligence.  The partnership has enabled the Chat 2 Pay option for businesses to accept payments and...

Faster Payments
BNY Mellon, Citi and Verizon Debut Request-for-Payment Service
September 15, 2021

Financial institutions (FIs) BNY Mellon and Citi have joined forces with wireless network provider Verizon to offer the ability to send request-for-payment messages to Citi banking customers, according to a Wednesday (Sept. 15) press release. Verizon customers with Citibank accounts can pay their bills instantaneously,...