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Brazil’s Central Bank Built a Mobile Payment System With 110 Million Users

October 6 2021

“Pix, a system which allows fast money transfers over smartphones, has become ubiquitous in the 11 months since it was launched by Brazil’s central bank. All that’s needed to send cash to someone is a simple key they’ve set up, such as an email address or phone number. Similar to the privately owned Zelle in […]

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Federal Reserve Receives Few Comments On Proposed Rules For FedNow

August 31 2021

“What’s the definition of immediate, the Board of the Federal Reserve has asked in connection with FedNow, the new real-time payments network set to launch in 2023. Only a few domestic banks and payments organizations responded to the request for comment , so the Fed has extended its deadline until Sept. 9. The U.S. Faster […]

Systems

ICBA Bancard and Finzly Partner to Offer Instant Payments

July 12 2021

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Instant payments

“Finzly , a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, today announced a new partnership with ICBA Bancard, the payments services subsidiary of The Independent Community Bankers of America (ICBA), to facilitate instant payments via Finzly’s Payment Galaxy, a payment hub for improved convenience, cash flow […]