On The Web

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Global

Can Real-Time Payments Really Go Global?

March 9 2018

• in
• Real-Time Payments

“While we are witnessing a global race for instant payments, this momentum isn’t likely to result in a global real-time payments solution anytime soon. Unlike domestic payments and the EU scheme—which only deals with one currency and regulator—there are myriad considerations for cross-border payments that carry increased information requirements and are more complex to process.”

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Systems

What’s Holding Up Realtime Payments?

April 30 2018

• in
• Real-Time Payments

“This is a multi-step process. Part of the reason it’s that way is because unlike ACH same-day payment, the use cases for realtime payments can involve moving very large sums of money. This type of payment is mainly non-commercial, and applies to B2B, B2P, P2B and P2P in instances such as account transactions, informal services […]

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Systems

Airlines to launch payments system to rival credit card groups

May 7 2018

• in
• Real-Time Payments

“A challenge to credit card companies is being launched by the global airline industry and Deutsche Bank with a new electronic real-time payment system for plane tickets that seeks to save carriers billions of euros in transaction fees.  The new system for web-based ticket sales to individual passengers, which does not have a brand name […]

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Systems

Bay Area Users Say Zelle Lost Their Money

May 29 2018

• in
• Real-Time Payments

“But Zelle does not guarantee that misguided money can be retrieved. It warns in its terms of use that: “You are solely responsible for entering the correct mobile phone number or email address for the person you are sending money to… and “you are responsible for any amounts that are transferred to the incorrect person […]

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Domains

Mastercard’s PromptPay Hits 40M Users in Thailand (DEMO VIDEO)

May 8 2018

• in
• P2P
• Real-Time Payments

“The product comes from Mastercard’s Vocalink unit and it allows registered customers to transfer funds using a mobile phone with the mobile number or Thai Citizen ID number of the recipient. This is the type of P2P payments that is igniting across Asia right now — and PromptPay seems to be capturing a sizable portion of the […]

On The Wires

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Systems

First Data And Mastercard Join Forces To Provide Digital Disbursements To Clients

June 13 2018

• in
• Real-Time Payments

“Debit disbursements are growing in popularity with participants in the gig economy, such as ride sharing platforms and rental marketplaces, where workers expect real time debit payouts for their services. Other beneficiaries of real time debit payments are businesses with high volumes of consumer payouts including insurance claims, rebates, refunds and commissions.”

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Companies

SWIFT explores Asia Pacific cross-border real-time payments

April 19 2018

• in
• Real-Time Payments
• SWIFT

“SWIFT has joined forces with a group of SWIFT gpi banks from Australia, China, Singapore and Thailand to develop a unique cross-border real-time payments service in the Asia Pacific region.”