Payments News

On The Web

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Systems

Real-Time Payments Aren’t Just Faster, They Are Change Agents

“Real-time payments (RTP) aren’t just faster, they will change the way businesses operate, according to Citizens Bank, which surveyed more than 150 businesses ranging in size from $10 million to more than $500 million. Ninety percent  of businesses expect RTP to dramatically transform the way business is done. Nearly two-thirds of respondents said that RTP […]
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Systems

Jerome Powell: Fed ‘Seriously Considering’ Faster Payments System

“Federal Reserve Chairman Jerome Powell has informed lawmakers that the central bank is “seriously considering” moving forward with the development of a faster payments system that would compete with a network built by the nation’s largest financial institutions. In a letter to senators that was obtained by POLITICO, Powell gave his most forceful defense yet […]
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Systems

Berkshire Bank Commits to RTP With Global PayPlus Selection

“Massachusetts-based Berkshire Bank is to adopt The Clearing House’s real-time payments (RTP) network and has chosen Finastra ’s Fundtech-derived Global PayPlus for connectivity, writes Martin Whybrow. The bank will be among the first regional players in the US north-east to offer real-time payments capabilities. Global PayPlus will provide access to the ISO 20022-based RTP.”
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Regulation

Democrats Try to Force Fed’s Hand on Faster Payments

“A group of House and Senate Democrats have introduced a bill that would require the Federal Reserve to create a real-time payments system. The Payments Modernization Act, introduced in the Senate by Sen. Chris Van Hollen, D-Md., said the central bank has been moving too slowly to determine whether to develop its own payments system, […]

On The Wires

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Systems

Kyriba Launches Real-Time Payments Integration Through J.P. Morgan API

“Kyriba , the global leader in cloud treasury and finance solutions, today announced the launch of a new service through J.P. Morgan’s API (application programming interface) that allows Kyriba clients that are also J.P. Morgan clients to send real-time payments in the U.S. through The Clearing House’s RTP® network. This is the latest for Kyriba’s growing […]
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Systems

Four Community Banks and Credit Unions Named to the RTP® Business Committee

“The four new representatives will join the existing RTP Business Committee which meets monthly and has numerous responsibilities, including providing input and guidance to the strategic execution of the RTP network, ensuring prudent risk management practices are followed, promoting the design, operation, and management of the system so that it delivers safe, efficient, and accessible […]
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Systems

ACI Worldwide Strengthens Real-Time Payments Capability With Investment in Mindgate Solutions, India’s Leading Digital Payments Solution Provider

“As part of this investment, ACI and Mindgate will deliver a joint real-time payments solution that will combine ACI’s proven Universal Payments software solutions with Mindgate’s digital overlay services. The advanced, end-to-end real-time payments solution will be offered to banks, financial intermediaries and merchants in India and other international markets via an on-premise, public cloud or […]
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Companies

ACI Worldwide Launches Real-Time Disbursement Services to Bill Payments Portfolio

“ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions , today announced the launch of ACI Disbursement Services™. Part of ACI’s comprehensive UP Bill Payment solution, Disbursement Services allows businesses to send money to consumers’ bank accounts in real-time using their debit card. Backed by two of the world’s largest electronic […]
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