On The Web

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Global

Global Finance Magazine – India Sparks A Real-Time Payments Revolution

March 4 2020

• in
• India
• Real-Time Payments

“The government’s target is one billion transactions a day, underscoring its zeal to digitize the economy. The UPI may not be alone for long. Google’s top management recently presented a letter to the US Federal Reserve asking it to consider a real-time national payment mechanism based on the Indian design. The Bank for International Settlements […]

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Systems

Aruba’s Banks Switch to Instant Payments

March 6 2020

• in
• Real-Time Payments

“All the banks in Aruba, an island in the Caribbean Sea, have switched to Instant Payments (IP) utilising the central bank’s Clearing and Settlement Mechanism (IP CSM). The transition was implemented by Worldline-subsidiary equensWorldline. With this move, the islands payment infrastructure changes from batch payments to instant payments. All interbank payments in Aruban currency initiated […]

On The Wires

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Systems

Volante Technologies Joins U.S. Faster Payments Council

April 27 2020

• in
• Faster payments
• Real-Time Payments

“Volante Technologies Inc., a global provider of payments and financial messaging solutions to accelerate digital transformation, today announced that it has officially joined the U.S. Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States. As a member of the council, Volante will be joining as a voting member in the […]

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Reports

COVID-19 Crisis Highlights Need for Real-Time and New Digital Payments Services Around the World, New ACI Worldwide Research Reveals

April 1 2020

• in
• Real-Time Payments

“More than half a trillion real-time payments transactions will be processed over the next five years, according to Prime Time for Real-Time , a new global report from ACI Worldwide (NASDAQ: ACIW) and Global Data . This industry-first research, which analyzes global real-time, account-to-account payment volumes and forecasts across 30 global markets, projects a Compound […]

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Providers

100 Financial Institutions to Provide Real-Time Payments With Jack Henry

May 4 2020

• in
• Faster payments
• Processors
• Real-Time Payments

“Jack Henry & Associates, Inc. (NASDAQ: JKHY ) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. The company announced today that there are more than 100 financial institutions implementing its faster payments hub, JHA PayCenter™, to connect to Early Warning Services’ Zelle Network® and The Clearing House’s […]

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Domains

Paychex Releases HR Industry’s First Real-Time Payments Solution

May 18 2020

• in
• Income
• Real-Time Payments

“Paychex, Inc. , a leading provider of HR, payroll, benefits, and insurance solutions, is now the first HR solutions provider to give business owners the ability to leverage real-time payments to deliver pay to their employees immediately – a capability that has become increasingly important during the coronavirus (COVID-19) pandemic. Leveraging The Clearing House RTP® […]

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Domains

Paychex Sends $4.6 Million in Real-Time Payments Over Two Weeks

June 5 2020

• in
• Income
• Real-Time Payments

“Paychex, which launched real-time payments for payroll only two weeks ago, has already sent $4.6 million in payroll over the RTP® network, according to Paychex, a provider of human resource payroll and benefits solutions to more than 12 million employees.”

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Systems

Huntington Launches Real-Time Payments for Consumer and Business Customers

June 4 2020

• in
• Real-Time Payments

“Huntington recently launched a real-time payments capability for its customers leveraging the RTP® network, the first new payment rail in the United States in more than 40 years. Consumer and business customers can now receive payments directly into their accounts with real-time receipt confirmation and nearly instant availability. The real-time payments capability also provides improved […]

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Companies

ACI Worldwide Expands Benefits of Real-Time Payments to Any Digital Channel for Consumers, Merchants and Billers

May 26 2020

• in
• Real-Time Payments

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced the launch of a series of new capabilities in its UP Immediate Payments solution. To address the increased demand for new real-time and digital payments during and beyond the pandemic, UP Immediate Payments now offers extended API capabilities […]

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Companies

Chesapeake Bank Provides Faster Payments to Customers on the RTP® Network

June 18 2020

• in
• Real-Time Payments
• The Clearing House (TCH)

“Chesapeake Bank, a community bank serving central and eastern Virginia, has joined the RTP® network developed by The Clearing House. With the RTP network, Chesapeake Bank customers can now receive payments directly into their accounts with real-time receipt confirmation and instant availability, while also providing for advanced messaging capabilities.”