Payments News

On The Wires

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Systems

Financial Institutions Holding 70% of U.S. Deposit Accounts Have Access to RTP® Network for Real-Time Payments

“Financial Institutions that hold 70% of demand deposit accounts (DDA) now have access to real-time payments capabilities via banking technology providers connected to the RTP® network, the real-time payment system in the United States provided by The Clearing House. With additional banking technology providers connecting to the RTP network, even more financial institutions have a technical […]
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Systems

Modern Treasury Passes $100 Million in Reconciled Volume in August, Growing at 25% Monthly

“Today, Modern Treasury, a payment operations software provider, announced that customers have reconciled over $100 million using the Modern Treasury platform in the month of August. Its treasury management and payment operations platform serves finance and engineering teams across industries including real estate, health care, financial services, and marketplaces. Reconciled dollar volume continues to grow […]
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Systems

Real-Time Payments Gaining Traction Among Businesses

“Real-time payments (RTP), the emerging standard in U.S. billing and payment processing, continues to gain traction among businesses with nine out of 10 business leaders reporting interest in the network, according to Citizens Commercial Banking’s second annual Real-Time Payments Outlook. The nationwide survey of 252 corporate decision-makers found that only 9 percent currently have no […]
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Systems

ACI Worldwide Accelerates Real-Time Payments Modernization With New Digital Overlay Services

“ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced it is accelerating real-time payments modernization for its customers globally through new digital overlay services. ACI, through collaboration with Mindgate Solutions, now delivers value-added digital overlay services through its UP Real-Time Payments solution, enhancing customer experience while strengthening real-time payments […]
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Companies

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

“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.”
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Systems

Huntington Launches Real-Time Payments for Consumer and Business Customers

“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

“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 […]