Payments News

On The Web

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Providers

JPMorgan Launches SEPA Instant Payments

“JPMorgan is launching real-time payments across its European banking network.The roll-out of the Single European Payments Area (SEPA) Instant service means the bank now offers real-time payment capabilities in US Dollar, Pound Sterling and Euros. It said the system, which includes a single global Application Programming Interface (API), offers immediate payments finality, easier reconciliation, the ability […]
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Systems

SWIFT Chief Announces Integration With R3 At Paris Fintech Forum

“SWIFT, the global banking payments network, is to begin testing its GPI payments standard through R3’s Corda platform. Speaking on stage at the Paris Fintech Forum this morning, SWIFT CEO Gottfried Leibbrandt said: “Later today we are announcing an integration with R3.” In a follow-up announcement, the firm explained that the “integration” will be a trial that will […]
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Systems

Google And Amazon Favor Fed Role In Real Time Payments

“When the Federal Reserve issued a request for comment about whether it should provide a real-time payment systems (RTGS) to offer an alternative to the TCH real-time payments system (RTP), several tech firms were ready, just as some banks had feared. Banks, bank associations and state regulators in their comments had often suggested that access to […]
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Systems

Real-time-payments Monopoly Puts Financial System at Risk

“The U.S. payments system is about to dramatically change how our money deposits are held and transferred among banks, credit unions and other depository institutions. The headline for consumers is that we are finally catching up to the rest of the world in terms of being able to send and receive funds practically immediately, and […]
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Systems

Real-Time Payments Will Get Real In The U.S. In 2019

““Once we get the merchants and the big institutions recognizing the  benefits of RTP then adoption will rapidly settle in. 2019 is about Request For Payment (RFP). That is going to be a big driver in of new services.” In RFP, a biller can send an electronic request for payment and a customer can respond on […]

On The Wires

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Global

ACI Worldwide, T-Systems Hungary and Takarékinfo Partner to Ready Hungarian Banks for Real-Time Payments

“ACI’s UP Immediate Payments solution will enable 17 Hungarian banks to connect to the country’s domestic real-time payments scheme, set to launch in June 2019. UP Immediate Payments offers a complete range of capabilities for processing real-time payments, including origination, processing, clearing and settlement, fraud detection and connectivity, all on a single platform.”
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Reports

Get More From Real-Time Payments

“Real-time payments, when combined with open banking, are also being used to promote financial inclusion and instill efficiency in payment systems in developing economies. Early electronic payment adopters are using real-time to spur competition. Developed economies like Denmark and Sweden are leading the world in per capita usage of real-time payments as cash usage dwindles. […]
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