Payments News

On The Web

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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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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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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, […]
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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 […]

On The Wires

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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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Systems

First 15 Financial Institutions to Join the RTP Network Through Jack Henry & Associates

“Jack Henry & Associates, Inc. ( JKHY ) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. The company announced today that the first 15 financial institutions – including Dallas-based Pegasus Bank – will implement JHA PayCenter™ to connect to the RTP® network from The Clearing House.”
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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 […]