Payments News

On The Web

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Systems

Real-time payments: the next big thing in US banking

“To adopt RTP, a client’s IT department or enterprise resource planning (ERP) vendor may need to upgrade systems to allow for sending and receiving payments. Once established, RTP works with existing bank accounts. Users will not be required to share account information or sign up for a separate, third-party service or disclose their account or […]
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Global

Ecosystem must evolve to make euro instant payments a success

“Europe is currently mapping out its potential road to instant payments – that is, real-time payments in euro, which can be sent end-to-end within seconds, 24 hours a day, seven days a week, 365 days a year, with instant notification to the payer and the payee. Yet as European Central Bank executive board member Yves Mersch […]
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Systems

The Clearing House Gets Going With Real-Time Payments

“Commercial real-time payments began in the U.S. in November 2017 and by the end of 2018 had reached 11 large banks of the 24 that are owners of TCH. Together they account for about 50 percent of the deposit base in the country, although only a small percentage of the approximately 10,000 financial institutions in […]
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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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Systems

ACI Worldwide Powers Successful Launch of DuitNow Real-Time Payments in Malaysia

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and central infrastructure provider, has implemented Malaysia’s Real-Time Retail Payments Platform (RPP) using ACI’s UP Real-Time Payments solution. The first service offered to the public under the platform is DuitNow, an […]
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Companies

Zelle® Ends 2018 with its Strongest Quarter on Record

“Zelle closed the year with its strongest quarter on record with $35-billion in payments on 135-million in transactions processed – an increase of 12% and 19% quarter-over-quarter, respectively. Year-over-year payment value (4Q 2017 to 4Q 2018) increased by 61%, while transaction volume increased by 81%. The results cap a successful 2018, with the number of participants in the Zelle […]
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Systems

trueDigital Holdings, LLC Launches Revolutionary Real-Time Payments Platform in Partnership with Signature Bank

“The Signet Platform will leverage blockchain technology in its architecture, allowing commercial and asset management clients to make payments in U.S. dollars 24 hours a day, 365 days a year. Transactions made on the Signet Platform will settle in real time, are safe and secure and incur no transaction fees. Signet will allow funds to […]