If you were looking for another reason to appreciate core banking infrastructure, here it is. The buzz within the payments arena may be about instant payments, where we are and where we’re headed with the FedNow® Service now a year old. But as Galileo Financial...
Traditional B2B payments, with end-to-end processes frequently characterized by delays and complexities, remain stubbornly intractable. But with the Federal Reserve Bank of Atlanta highlighting on Monday (April 15) that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service on...
When companies add real-time transactions to their B2B payments mix, wire transfers and regular ACH are the typically the first methods to get displaced. Among the firms that receive real-time payments, the use of wire transfers is 5.9% lower than it is among firms that...
BNY Mellon is moving its wire payments infrastructure to Microsoft Azure and is also developing a treasury cash management relationship with Microsoft Treasury built on the Azure cloud payment system, according to a press release on Tuesday (Oct. 12). This latest collaboration builds on the...
August 07, 2024
If you were looking for another reason to appreciate core banking infrastructure, here it is. The buzz within the payments arena may be about instant payments, where we are and where we’re headed with the FedNow® Service now a year old. But as Galileo Financial Technologies Chief Product Officer David Feuer told PYMNTS, same-day, faster […]
September 08, 2016
Same Day ACH is on the cusp of entering the market, blockchain startups are making their visions a reality with bank partners and the financial services industry as a whole,...
October 12, 2021
BNY Mellon is moving its wire payments infrastructure to Microsoft Azure and is also developing a treasury cash management relationship with Microsoft Treasury built on the Azure cloud payment system, according to a press release on Tuesday (Oct. 12). This latest collaboration builds on the bank’s existing relationship with Microsoft, both as a client and […]
