Blockchain captures the spotlight in this week’s B2B Payment Rail Innovation roundup, with community banks in the U.S. embracing the technology to fuel small business payments innovation. Meanwhile, one FinTech touts the progress it’s already made wielding blockchain for B2B transactions. Paystand Marks B2B Payments...
Transaction volumes with Australia’s real-time payment system may exceed 2 million daily, but it was a long road to enable the widespread use cases seen today, says Katrina Stuart, head of engagement at New Payments Platform Australia (NPPA). In the Real-Time Payments Tracker, Stuart reflects...
Demand for faster payments has been increasing worldwide as consumers and businesses seek more convenient services. Central banks and payment systems operators are catering to these needs by launching real-time payment systems that settle transactions within seconds, helping businesses get paid faster and allowing consumers...
Jack Henry Associates announced last week that it has on-boarded an additional 15 financial institutions to The Clearing House’s RTP network in the latest sign of faster payments gaining traction in the U.S. But it’s not the only new payment network securing attention this week...
March 11, 2019
Whether collecting fares as an Uber driver, an insurance claim as a homeowner or payment as a gig worker who just finished moving someone’s belongings, people want to get paid as quickly as possible. For these parties, the rise of disbursement solutions are enabling payments to be delivered shortly after they are authorized. However, disbursements […]
January 02, 2019
On the face of it, the lure of real-time payments might seem like an inevitability. The concept is gaining traction and deployment across any number of avenues and several countries....
September 24, 2018
Whether in Australia, India, Europe or the United States, mobile phones aren’t just driving interconnectivity, but are the key channel driving innovation in payments and commerce. Still, even in this...
March 19, 2024
Australian Payments Plus (AP+) has chosen Swift to assist in improving the country’s payment capabilities. Swift will build a service to reduce misdirect payments and boost defenses against payment fraud, the global payments network announced Tuesday (March 19) in a news release emailed to PYMNTS. AP+ picked Swift to “build confirmation of payee, which is a […]
August 21, 2019
A recent PayID data breach reported to Australia’s New Payments Platform (NPP) has prompted banks to issue warnings to customers, FinTech Extra reported on Wednesday (Aug. 21). Aussie financial institutions...
May 17, 2019
The Reserve Bank of Australia (RBA) has sent a warning to major banks that its slow progress in implementing the New Payments Platform (NPP) has hindered the system’s benefits, and...
August 28, 2018
Looking backwards and forwards from the six month vantage point can be instructive. Especially when it comes to payments. And in an interview with Karen Webster, Adrian Lovney, CEO of...
