The Reserve Bank of Australia and its Payments System Board announced on Tuesday (Feb. 13) the launch of a new payments infrastructure – called the New Payments Platform (NPP) – that lets customers with accounts at different banks make real-time payments to each other. According to...
Countries from the U.K. to Singapore have long been home to real-time payment schemes, but speed lagged behind when it came to America. It wasn’t until November 2017 that The Clearing House (TCH) debuted its Real-Time Payments (RTP) scheme — a system that isn’t expected...
More than two dozen real-time payment schemes are live around the world, and more and more countries are planning to debut their own in the near future. In the February Faster Payments Tracker™, PYMNTS charts the latest developments surrounding these real-time schemes, and the push...
From employers who use the service for direct-deposit payments to landlords and utility companies that use it to collect rent or monthly bills, same-day ACH has been gaining in popularity and putting a variety of payment types in the fast lane. The same-day ACH...
NACHA, the electronic payment association, announced news on Thursday (Jan. 11) that same-day ACH debit and credit transactions hit 15.2 million in December, marking a 51 percent month-over-month increase. In a press release, NACHA said that overall in 2017, the total number of same-day ACH...
FIs are looking to get in top fiscal shape for 2018 by upping their faster payments game. In the January PYMNTS Faster Payments Tracker™, Dan Massey, SunTrust Bank’s chief technology officer, explained how the bank aims to boost client experiences in 2018 with faster payment capabilities and...
Consumers around the world are setting their New Year’s resolutions as the calendar pages turn to 2018, and banks and financial institutions (FIs) in the United States and around the world are no different. The January edition of the PYMNTS Faster Payments Tracker™, examines the most recent...
In an age where faster is a hallmark of, well, everything, it follows that the same should be true of payments. It has been 14 months since the first phase of Same Day ACH credits debuted, and in numbers via a joint study by PYMNTS...
The Fed wants payments to move faster — and quickly. In the latest issue of the Faster Payments Tracker™, a PYMNTS and NACHA collaboration, Connie Theien, senior vice president of payments industry relations at the Federal Reserve and Janet Estep, CEO of NACHA, discussed the...
