Payments News

On The Web

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Systems

First Real-Time Payments Launched in Saudi Arabia

“Saudi Payments, a fully owned subsidiary of the Saudi Arabian Monetary Authority (SAMA), has teamed up with Mastercard company Vocalink with the aim of upgrading the country’s payments infrastructure and boosting the digital economy. The partnership will enable instant payments between financial institutions, businesses and consumers, with instant credit transfers, e-invoicing and billing, real-time payment […]
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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

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 […]

On The Wires

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Systems

ACI Worldwide and BMO Drive Business-to-Consumer Payments With Zelle

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions , announced today that BMO Financial Group is leveraging its globally-recognized BMO Payment Hub powered by ACI’s Universal Payments (UP) Real-Time Payments solution to accelerate new products to market, such as Zelle’s business-to-consumer (B2C) payments.”
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Systems

TCH-Press-Release-Avidia-Bank-Implements-RTP-05-16-2019 | The Clearing House

““Our customers and Fintech Partners need financial technology tools that align with their personal and business needs. Providing real-time payments is an important step for us, allowing us to deliver important new functionality to our customers.” said Robert Conery, COO, EVP, Avidia Bank. “Avidia Bank has strategically committed to providing Payment Services comprised of innovative […]
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Systems

Kyriba Launches Real-Time Payments Integration Through J.P. Morgan API

“Kyriba , the global leader in cloud treasury and finance solutions, today announced the launch of a new service through J.P. Morgan’s API (application programming interface) that allows Kyriba clients that are also J.P. Morgan clients to send real-time payments in the U.S. through The Clearing House’s RTP® network. This is the latest for Kyriba’s growing […]
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Systems

Four Community Banks and Credit Unions Named to the RTP® Business Committee

“The four new representatives will join the existing RTP Business Committee which meets monthly and has numerous responsibilities, including providing input and guidance to the strategic execution of the RTP network, ensuring prudent risk management practices are followed, promoting the design, operation, and management of the system so that it delivers safe, efficient, and accessible […]
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Systems

ACI Worldwide Strengthens Real-Time Payments Capability With Investment in Mindgate Solutions, India’s Leading Digital Payments Solution Provider

“As part of this investment, ACI and Mindgate will deliver a joint real-time payments solution that will combine ACI’s proven Universal Payments software solutions with Mindgate’s digital overlay services. The advanced, end-to-end real-time payments solution will be offered to banks, financial intermediaries and merchants in India and other international markets via an on-premise, public cloud or […]