The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. “We are pleased to confirm that the third-party supplier has restored service following their earlier issues, and CHAPS payments are settling...
Thanks in part to the influx of gig workers and demands of key industries, enterprise small- to medium-sized business (SMB) payers are sending 28% more instant ad hoc payments than they did inSeptember. Ad hoc payments — those payments made outside of normal invoicing and...
Business has a way of creating an alphabet soup of abbreviations and marketing names for financial products, and that’s certainly the case with account-to-account, or A2A, transfers. It’s helpful to simplify, especially when new uses are found for legacy payment methods that are in wide...
The FedNow Service instant payments system is slated to launch next year — a culmination of an effort stretching out more than three-and-a-half years, a pilot program with more than 100 participants and the development and testing of multiple product features, functions and use cases....
June 09, 2023
Business has a way of creating an alphabet soup of abbreviations and marketing names for financial products, and that’s certainly the case with account-to-account, or A2A, transfers. It’s helpful to simplify, especially when new uses are found for legacy payment methods that are in wide use — but under other names — which can cause […]
November 29, 2022
The FedNow Service instant payments system is slated to launch next year — a culmination of an effort stretching out more than three-and-a-half years, a pilot program with more than...
November 28, 2022
Faster payments take center stage this coming year, as FedNow, the U.S.-based instant payments network, gets up and running. But as Wells Fargo Head of Enterprise Payments Strategy Ulrike Guigui...
October 31, 2022
Ubiquity and choice are the digital promised land. How we get there from here will be a matter of securely opening the payments ecosystem to both while simplifying the field...
July 18, 2024
The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. “We are pleased to confirm that the third-party supplier has restored service following their earlier issues, and CHAPS payments are settling as normal,” the Bank of England said in a Thursday press […]
June 27, 2022
CloudWalk, a Brazilian FinTech that manages payments for small- to medium-sized businesses (SMBs), announced Monday (June 27) that it is launching a blockchain of its own. Last fall, CloudWalk announced...
December 07, 2021
FinTech startup Payment Rails is rebranding as Trolley while closing a $7 million Series A funding round led by Pace Capital, with Pace partner Chris Paik joining the Trolley Board...
June 24, 2021
SWIFT’s new transaction management platform received an endorsement from six international banks, which are getting ready to harness the system’s new functionalities to allow for new services, bolster efficiency and...
