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...
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...
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....
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...
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,...
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...
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”...
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...
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...