Faster Payments

Faster Payments
ECB Says Real-Time Payments Are Banks’ Bitcoin Foil
December 01, 2017

A European Central Bank (ECB) director urged banks on Thursday (Nov. 30) to speed up the launch of instant payments to push back against cryptocurrencies like bitcoin. According to news from Reuters, a member of the ECB’s executive board, Yves Mersch, said commercial banks need to...

Faster Payments
Faster Payments And The Fed, Two Years On
November 15, 2017

The year 2020 looms large in the payments realm, marked off by the Federal Reserve as the year faster payments are to be truly commonplace, available to U.S. consumers and to businesses, standard practice across transactions of all sizes. The goal is an ambitious one,...

Faster Payments
Real-Time Payments Successfully Gets Through Its First Test Drive
November 14, 2017

The U.S.’ first new payment and clearing system in more than 40 years is up and running. At 4:59:40 p.m. on Monday (Nov. 13), $3.50 was moved between accounts at two different banks (there was only one customer with two bank accounts) via RTP, the name for...

Faster Payments
New Report: Who’s Using Same-Day ACH And Why?
November 09, 2017

Fourteen months since the Phase 1 roll out, 43 percent of financial institutions (FIs) now allow businesses to originate same-day ACH credit. However, 25 percent of FIs still do not offer SDA origination to business customers, given the lack of support from core processors and...

Faster Payments
Putting FIs Through Cybersecurity Drills To Prepare For The Next Big One
November 06, 2017

Recent cyberattacks and breaches raise an important question for U.S. companies and FIs: How to prepare for the inevitable next one? In this month’s PYMNTS Faster Payments Tracker™, powered by NACHA, Bill Nelson, CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC), discusses...

Faster Payments
TRENDING: Putting IT Professionals Through Cyberattack Boot Camp
November 03, 2017

The recent Equifax data breach and a string of ransomware attacks in Europe have raised several questions around cybersecurity. And, arguably, one of the most important questions is how businesses and FIs prepare to respond to the next cyberattack. The November edition of the PYMNTS...

Faster Payments
The Trickle Down Theory Of Push Payments
October 20, 2017

What will it take to save the trees? To cut out the cutting of checks? In a long-running series, Ingo Money CEO Drew Edwards has delved with PYMNTS’ Karen Webster into the lures and values of push payments, where money is moved directly onto users’...

Faster Payments
In The Push For P2P Prominence, Zelle Emphasizes Instant Gratification
October 05, 2017

P2P FinTechs like Venmo and Square Cash gained popularity by winning over millennial users, which was rad. Now, the bank-backed platform Zelle is escalating competition by targeting millennials and their parents. Is it game on? In this month’s PYMNTS Faster Payments Tracker™, powered by NACHA,...

Faster Payments
DOJ Greenlights TCH/Bank Real-Time Payment Network
October 04, 2017

The Department of Justice (DOJ), coming off a nearly year-long antitrust review, has signed off on a real-time payment network that is being created by JPMorgan Chase, Citigroup, Bank of America, Wells Fargo and other banks. According to a report in The American Banker, with...