real time payments

Real time payments – also known as realtime payments, instant payments or immediate payments as electronic retail payment solutions that are available 24/7/365.

Plaid Adds Instant Payouts to Its Transfer Tool
Plaid Adds Instant Payouts to Its Transfer Tool
April 13, 2023  |  Faster Payments

Open banking platform Plaid says it is giving users the ability to make instant payouts. The company announced Thursday (April 13) that it was adding...

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Only 1% of Real Estate Firms Use Real-Time Payments – Why?
Only 1% of Real Estate Firms Use Real-Time Payments – Why?
April 13, 2023  |  Real-Time Payments

The real estate industry heavily relies on legacy payment methods for their business-to-business (B2B) transactions, but that is beginning to change. PYMNTS’ latest research reveals...

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Smaller Banks Join Growing Roster of FIs Readying for FedNow’s Launch
Smaller Banks Join Growing Roster of FIs Readying for FedNow’s Launch
April 12, 2023  |  Banking

The list of financial institutions — smaller banks among them — readying for real-time payments grows longer. Salem Five, a mutual bank with roots tracing...

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International CBDC Aims to Unify Fragmented Digital Currency Landscape
International CBDC Aims to Unify Fragmented Digital Currency Landscape
April 11, 2023  |  Payment Methods

The central bank digital currency (CBDC) field has become crowded, global in scope, and yet in many cases, fragmented. Generally speaking, in concept, the CBDC...

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PYMNTS Intelligence: Leveraging Real-Time Payments to Solve Bill Pay Challenges
PYMNTS Intelligence: Leveraging Real-Time Payments to Solve Bill Pay Challenges
April 11, 2023  |  Real-Time Payments

Americans pay trillions of dollars in bills each year, but this everyday process is far from seamless. A PYMNTS study found that 52% of consumers...

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Germany Could Grab 3.4 Billion Real-Time Payments Opportunity by 2026
Germany Could Grab 3.4 Billion Real-Time Payments Opportunity by 2026
April 10, 2023  |  Real-Time Payments

As European Union countries have leveraged preexisting economic relationships to offer quick and seamless cross-border payments across the region, real-time payment adoption has seen historic...

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Fed Says FedNow Early Adopters Pave Path to Instant Payments
Fed Says FedNow Early Adopters Pave Path to Instant Payments
April 10, 2023  |  Payment Methods

Three months until the U.S. payments ecosystem changes forever. In July, the long-awaited FedNow service launches, and its real-time rail will speed up money movement...

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South Africa’s RTP Scheme Hopes to Turn Highly Banked, Cash-Centric Consumers Into RTP Users
South Africa’s RTP Scheme Hopes to Turn Highly Banked, Cash-Centric Consumers Into RTP Users
April 10, 2023  |  Digital Payments

Compared to other African markets which have high levels of unbanked populations, more than 80% of South Africa’s population has access to a bank account....

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India Allows Banks to Issue Credit Lines Via UPI
India Allows Banks to Issue Credit Lines Via UPI
April 06, 2023  |  Payment Methods

India’s digital transformation of financial services continues — and now pre-approved credit lines are linked to the United Payments Interface (UPI). In an announcement Thursday (April...

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