Payments News

On The Web

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Systems

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

May 14 2019

“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 […]
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Deals

Nationwide Invests in New Payment Request Service Ordo

May 2 2019

“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 […]
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Systems

NatWest Leverages Open Banking to Cut Transaction Fees by 25%

May 28 2019

“The UK’s NatWest bank has launched a new service that will let consumers pay online merchants directly from their bank accounts, “saving merchants at least 25% of card processing costs”. “The service removes the need to input long card numbers; customers can simply select the payment type and their bank during the checkout process, at […]
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Systems

SBI Announces Demo Trial of In-store Payments With Ripple-powered ‘Money Tap’ App – TokenPost

June 3 2019

“SBI Ripple Asia , a joint venture between blockchain startup Ripple and Japanese financial services giant SBI Holdings, last week announced the launch of a demonstration test of its Money Tap app that would allow in-store payments. Launched last October, Money Tap offers real-time settlement for domestic payments in Japan. It uses xCurrent – Ripple’s […]
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Systems

New Payments Platform Ropes in QR Codes

June 3 2019

“The days of fumbling for loose change at the school fete or footy match sausage sizzle could soon be numbered, after the New Payments Platform (NPP) revealed it’s working quickly with banks, merchants payment services providers to hook-up scan-to-pay QR codes to its real time network.”

On The Wires

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Domains

Canadian Fintech Launches Industry-leading Cross Border Bill Pay Solution for Financial Institutions

June 25 2019

“Canadian fintech Buckzy Payments Inc. today announced an enhancement to its real-time cross border network by including real-time cross border bill pay through a single connection, solving a longstanding challenge to international bill payments. Despite many industry leaders attempting to find real-time cross border bill payment solutions, Buckzy is the first to present a functional […]
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Systems

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

May 7 2019

“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.”
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Systems

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

May 8 2019

“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.”