Payments News

On The Web

nbsp;

Systems

Why Wells Fargo and First Internet Are Test-driving FedNow

“Dozens of banks are gearing up for the Federal Reserve’s real-time payments system, which is expected to go live as early as 2023. More than 110 have signed up to test FedNow, including Wells Fargo and First Internet Bancorp in Fishers, Ind. Executives at these two early-adopters agreed to interviews about what they’re hoping to […]
nbsp;

On The Wires

nbsp; nbsp;

Systems

Fiserv, FIS, Jack Henry and TCH Bring Real-Time Payments to Minority-Owned Depository Institutions

In order to extend the benefits of real-time payments to more individuals and small businesses, Fiserv, FIS, Jack Henry, and The Clearing House announced today they are jointly funding the onboarding fees of minority-owned depository institutions (MDIs) joining the RTP® network, the real-time payments network operated by The Clearing House. This program will be available to […]
nbsp;

Domains

Mazooma and Fifth Third Bank Are the First to Bring Instant Withdrawals to the $150B+ U.S. Sports Wagering and IGaming Markets

“A partnership between Mazooma, the gaming industry leader for bank account-based payments, and Fifth Third Bank, N.A. is bringing real-time withdrawals to sports wagering and iGaming industries through the RTP® network from The Clearing House. The offering, now live for all of Mazooma’s operators, enables players to receive payouts immediately into their bank accounts, safely […]
nbsp;

Systems

Dwolla Unlocks Real-Time Payments

“Dwolla , a modern payments platform, releases access to Real-Time Payments, an instant* payment option that can send money directly to a bank account in seconds using the RTP® Network. Dwolla’s solution for programmable Real-Time Payments powered by Cross River Bank comes after a decade of experiences in faster payments. The company contributed to the […]
nbsp;

Global

Payments Canada Selects Interac Corp. As the Exchange Solution Provider for Canada’s New Real-time Payments System, the Real-Time Rail

“Payments Canada announced today the selection of Interac Corp. as the exchange solution provider for Canada’s real-time payments system, the Real-Time Rail (RTR) . This announcement follows a selection process that included participation from the Bank of Canada. The exchange solution provided by Interac will allow Payments Canada members participating in the RTR to send […]
nbsp;

Systems

Early Warning Services and The Clearing House Now Enable Zelle® Payments on the RTP® Network

“Early Warning Services, LLC and The Clearing House (TCH) today announced Zelle® transactions can now be cleared and settled over the RTP® network . “Demand for faster payments has never been higher, and today’s integration milestone eliminates lengthy and costly legacy processes that have long been barriers to many real-time payment settlements between financial institutions,” said Lou […]
nbsp;

Companies

ACI Worldwide Powers Real-Time Payments Growth for Thailand’s National Interbank and Transaction Management and Exchange (ITMX)

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced that Thailand’s National Interbank Transaction Management and Exchange (ITMX) has successfully implemented ACI’s real-time payments solution to modernize Thailand’s bulk payments processing system and support continued real-time growth.”
nbsp;