PaymentsNews

On The Web

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Systems

Bank Of England To Rebuild Settlement System To Interface With Blockchain Platforms

“The Bank of England is planning to rebuild its Real Time Gross Settlement (RTGS) system so that it can interface with private business and platforms using distributed ledger technology (DLT), the bank’s Governor Mark Carney announced in a speech June 21. Speaking at Mansion House in London, Carney said that the bank will conduct an “ambitious rebuild” of its RTGS system, […]
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Systems

Bay Area Users Say Zelle Lost Their Money

“But Zelle does not guarantee that misguided money can be retrieved. It warns in its terms of use that: “You are solely responsible for entering the correct mobile phone number or email address for the person you are sending money to… and “you are responsible for any amounts that are transferred to the incorrect person […]
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Systems

KeyBank Launches Instant PaymentProduct With Ingo Money

“KeyCorp announced today the launch of its instant payment product with Ingo Money. Through Ingo Push, Ingo Money’s turn-key push payment platform, KeyBank business clients can disburse guaranteed funds in real-time, according to a press release. Ingo Money enables businesses, banks and government agencies to meet consumer demand for instant money proceeds while saving time and […]
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On The Wires

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Companies

Visa And MoneyGram Team Up To Simplify Overseas Money Transfers

“Visa Direct allows companies to leverage Visa’s global reach and scale to transform domestic and cross-border payments for businesses and consumers. The agreement with MoneyGram is the first cross-border use case for Visa Direct transactions originating in the U.S. The initial phase includes two priority corridors (United States to Mexico and United States to Philippines) […]
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Companies

FIS Technology Speeds Testing And Certification Process For RTP, New Real-Time Payments System From The Clearing House

“Financial institutions and payment firms looking to connect to RTP can use the tool to test their readiness to complete RTP certification. They are required to run a variety of simulated tests prior to being certified on the RTP system. New software from FIS will automate the process, allowing participants to run the required tests […]