Payments News

On The Web

nbsp;

Systems

Jack Henry & Associates Unveils Faster Payments Hub

“Dubbed JHA PayCenter, the new payment hub will offer the vendor’s core clients access to faster payment networks such as Zelle and the RTP network. The process is said to be a low cost one. Through the hub, financial providers can centralise the manner in which real-time payments are sent and received, Jack Henry said. […]
nbsp;

Domains

Is this Swift’s answer to Ripple?

“But lately Swift, which once considered Ripple and other tech company rivals an existential threat, has struck a more confident tone. Swift says the progress it is making with so-called global payments innovation, or GPI — technology that lets banks see where their payments are at all times, and that comes with rules around response […]
nbsp; nbsp; nbsp;

Domains

IBM Launches A Blockchain-Based Global Payments Network Using Stellar’s Cryptocurrency

“IBM Blockchain World Wire will help financial institutions improve the services they deliver to their consumers by optimizing and accelerating foreign exchange, cross border payments and remittances. Using the Stellar protocol, World Wire serves as a network provider for international payments, enabling point-to-point money transfers in lieu of the complexities of conventional correspondent banking. While IBM announced an […]
nbsp;

Deals

Nationwide Invests in New Payment Request Service Ordo

“Nationwide Building Society has invested an undisclosed sum in new payment request service Ordo, which launches later this year, reports Jane Connolly.  “An alternative for small and medium sized businesses to the big banks” Using apps and secure messaging, Ordo connects businesses with their customers via a payment request system that doesn’t require the customer’s bank […]
nbsp;

Systems

NACHA & Faster Payments Council Developing ‘Faster Payments Playbook’ | Credit Union Times

“NACHA’s Payments Innovation Alliance and the U.S. Faster Payments Council (FPC) have launched a partnership to develop an “educational and online decisioning platform” called the Faster Payments Playbook. Its objective is to help credit unions and other payments organizations create their own faster payments strategies by addressing developments in faster payments and identifying opportunities for […]
nbsp;

On The Wires

nbsp;

Systems

Nacha’s Payments Innovation Alliance and the U.S. Faster Payments Council Collaborate to Develop the Faster Payments Playbook

“Today, Nacha and its Payments Innovation Alliance, jointly with the U.S. Faster Payments Council, are announcing a collaboration to further develop the Faster Payments Playbook, an educational and online decisioning platform that will help banks, credit unions and businesses develop a faster payments strategy – from concept to reality.”
nbsp;

Systems

ACI Worldwide Ready for Saudi Arabia’s Real-Time Payments Launch

“ACI’s solution offers participating Saudi banks faster and lower-risk onboarding to the new real-time services through its global partnership with Vocalink , a Mastercard company and a leading technology provider, which announced last week that it has partnered with the Saudi Arabian Monetary Authority (SAMA) to launch real-time payments in the Kingdom.”