As faster payments schemes take shape around the globe — in the U.S., the FedNow® Service is the latest example — realizing the full potential of speed and lower costs demands interoperability. Regulations and frameworks are still emerging, and there are a number of private...
Cloud-native banking technology company Thought Machine has partnered with cloud-native account-to-account (A2A) platform Form3 to offer banks and financial institutions an end-to-end solution for real-time payment processing. This collaboration will add the FedNow® Service, The Clearing House’s RTP and SEPA Instant Credit Transfer connectivity to Thought Machine’s Vault Payments, a cloud-native and application programming interface (API)-enabled...
Trustly plans to acquire SlimPay with the goal of revolutionizing the recurring payments experience for merchants and consumers across Europe and the United Kingdom. By combining Trustly’s global payment method with SlimPay’s platform for recurring payments, the two companies aim to create a new and exceptional payment experience...
YowPay has launched a Single Euro Payments Area (SEPA) credit transfer solution for merchants across the eurozone. The software provider’s solution streamlines the payments process for merchants by generating a unique QR code for each transaction, allowing customers to pay faster and more easily, Electronic Payments...
March 23, 2023
European real-time payments have seen historic growth in recent years. In fact, some European countries like the U.K., Sweden and Finland have even gone a step further to develop internal payment systems to supplement the Single Euro Payments Area (SEPA) Instant Credit Transfer scheme, a pan-European initiative launched in 2017 that enables ultra-fast euro payments […]
June 23, 2022
In the context of European banking, customers increasingly expect real-time transactions, transparent exchange rates and reasonable transfer fees. In practice, however, the way banks operate doesn’t always align with customer...
December 03, 2018
Last year, the European Payments Council (EPC) debuted the SEPA Instant Credit Transfer scheme, where credit transfers are done in 10 seconds — or less — across SEPA. Javier Santamaria, EPC...
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...
February 22, 2024
Payment technology provider Numeral has launched support for Swift payments. This move enables Numeral’s customers to benefit from both Swift’s global reach and local payment schemes’ speed, lower cost and local reach, the company said in a Thursday (Feb. 22) press release. With Numeral’s addition of Swift, companies and financial institutions can automate cross-border payments with their partner banks to […]
October 23, 2023
Cloud-native banking technology company Thought Machine has partnered with cloud-native account-to-account (A2A) platform Form3 to offer banks and financial institutions an end-to-end solution for real-time payment processing. This collaboration will add the FedNow® Service, The Clearing...
August 29, 2023
Trustly plans to acquire SlimPay with the goal of revolutionizing the recurring payments experience for merchants and consumers across Europe and the United Kingdom. By combining Trustly’s global payment method with SlimPay’s platform...
July 05, 2023
YowPay has launched a Single Euro Payments Area (SEPA) credit transfer solution for merchants across the eurozone. The software provider’s solution streamlines the payments process for merchants by generating a unique...
