instant payments

Banks Say Better to Be Proactive Than Reactive When Making Payments Real Time
Banks Say Better to Be Proactive Than Reactive When Making Payments Real Time
March 07, 2024  |  Faster Payments

Faster payments solve many traditional pain points endemic to legacy payment methods. But although several hundred financial institutions (FIs) have signed on to the two...

READ MORE >
The Role of Banks in Scaling B2B Payments Innovation
The Role of Banks in Scaling B2B Payments Innovation
March 06, 2024  |  B2B Payments

Banks provide the foundational infrastructure for financial transactions, offering a network that connects various businesses. And, as expectations from their daily lives bleed over into...

READ MORE >
Younger Consumers Drive Surge in Peer-to-Peer Payments App Popularity
Younger Consumers Drive Surge in Peer-to-Peer Payments App Popularity
March 06, 2024  |  Money Mobility

Peer-to-peer (P2P) payments have grown increasingly popular in the past several years. This is especially true for younger consumers, who prefer a digital-first payment experience....

READ MORE >
Flipkart to Enable Transactions With India’s UPI Instant Payments System
Flipkart to Enable Transactions With India’s UPI Instant Payments System
March 04, 2024  |  Real-Time Payments

Indian eCommerce marketplace Flipkart has launched a Unified Payments Interface (UPI) handle to enhance its digital payment offerings by adding India’s popular instant payments system. The new Flipkart UPI...

READ MORE >
Galileo and The Bancorp Expand Collaboration to Enable Instant Payments
Galileo and The Bancorp Expand Collaboration to Enable Instant Payments
March 04, 2024  |  Faster Payments

Galileo Financial Technologies has expanded its collaboration with The Bancorp to enable instant payments. Together, the companies use the RTP® network from The Clearing House to enable instant money movement between bank accounts,...

READ MORE >
Consumers Like Open Banking Features, Now Banks and FinTechs Need to Deliver
Consumers Like Open Banking Features, Now Banks and FinTechs Need to Deliver
March 04, 2024  |  Banking

Last month, a top financial industry regulator voiced concerns that banking and FinTech collaborations might be “blurring the lines” between banking and commerce. According to...

READ MORE >
FIs Reckon With Rising Fraud Rates in Run-Up to Real-Time Payments
FIs Reckon With Rising Fraud Rates in Run-Up to Real-Time Payments
March 01, 2024  |  Security & Fraud

Financial institutions are beset on all sides. The PYMNTS Intelligence report “New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments”...

READ MORE >
The Ten Second Rule: EU Mandates Instant Payments Availability
The Ten Second Rule: EU Mandates Instant Payments Availability
March 01, 2024  |  Real-Time Payments

Real-time payment systems continue to see strong usage worldwide. One of the most significant developments is the European Council’s new rule to enable instant payments...

READ MORE >
Checkbook and Visa Partner on Instant Payments for Business Disbursements
Checkbook and Visa Partner on Instant Payments for Business Disbursements
February 28, 2024  |  Real-Time Payments

Checkbook and Visa have come together in a new collaboration aimed at improving the availability of instant payments for businesses, institutions and individuals across the country. This partnership...

READ MORE >