On The Wires

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Systems

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

February 25 2021

• in
• Real-Time Payments

“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 […]

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Companies

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

February 3 2021

• in
• ACI Worldwide
• Real-Time Payments
• Thailand

“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.”

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Systems

Wells River Savings Bank to Implement the RTP Network | The Clearing House

January 12 2021

• in
• Real-Time Payments

“Wells River Savings Bank, a community bank in Vermont, announced that it has committed to bringing real-time payments capabilities to its customers through the RTP® network developed by The Clearing House (TCH). Wells River will gain access to the RTP network through SHAZAM, Inc., a national debit-branded network and provider of core, EFT and other […]

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Companies

Form3 and Mastercard create partnership to support access to real time payment infrastructure

December 16 2020

• in
• Mastercard
• Real-Time Payments

“Form3, the leading cloud-native payment technology provider has secured a partnership with and investment from global payment technology leader Mastercard. Together, Form3 and Mastercard will help banks and financial institutions around the world connect with domestic and international payment platforms more seamlessly, reliably and securely.”

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Global

Scotiabank 1st to Offer Real-Time Payments in Canada through Interac e-Transfer® for Business

December 10 2020

• in
• Canada
• Real-Time Payments

“Scotiabank is the 1st financial institution in Canada to offer real-time payments for all business banking customers using flexible routing options like an account number or email address, using Interac e-Transfer® for Business. This, along with data-rich remittance information will make it easier for businesses of all sizes to pay one another and reconcile transactions in real-time.”

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Standards

ASC X9 Forms Real-time Payments Study Group; Participants Sought

December 3 2020

• in
• ASC X9
• Faster payments
• Real-Time Payments

“Today the Accredited Standards Committee X9 Inc. ( X9 ) announced the formation of a new study group focused on faster/real-time payments. The study group will review real-time and faster payments activity in the financial industry, with the intent to become X9’s central point of contact for all related and supporting X9 technical standards and […]

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Systems

Payments Canada selects Mastercard’s Vocalink as the clearing and settlement solution provider for Canada’s new real-time payments system, the Real-Time Rail

November 12 2020

• in
• Real-Time Payments

“Payments Canada today announced the selection of Mastercard’s Vocalink as the clearing and settlement solution provider for the country’s new real-time payments system, the Real-Time Rail (RTR). This announcement follows an extensive procurement process that included the Bank of Canada and the Department of Finance. The partnership will draw on Mastercard’s expertise, and its next-generation […]

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Companies

Early Warning and The Clearing House Complete Critical Integration Milestone of the Zelle® and RTP® Networks

October 27 2020

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

“Early Warning Services, LLC. (EWS), the owner and operator of the Zelle Network®, and The Clearing House (TCH), the operator of the RTP® network, today announced that financial institutions can now settle Zelle payments over the RTP network, the real-time payment system in the United States. PNC Bank and U.S. Bank have successfully completed a […]

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Companies

Western Union Expands Real-Time Payout

October 26 2020

• in
• Real-Time Payments
• Western Union

Western Union, announced it has further expanded its global digital network for funds payout and increased the availability of real-time payouts, advancing the company’s goal of building the world’s largest funds collection and distribution network to meet the growing customer demand for transparency, immediacy, and reliability.

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Systems

Alacriti Announces Cloud-Native, End-to-End Solution for Real-Time Payments

October 22 2020

• in
• Real-Time Payments

“Alacriti , a fintech company specializing in payments today announced its Cosmos for RTP solution, powered by the Orbipay Platform. Cosmos for RTP enables banks and credit unions to quickly and seamlessly connect to The Clearing House’s RTP® network and deliver innovative real-time payment services to their customers. Alacriti’s solution allows financial institutions to rapidly leverage […]